Parent Account means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group.
Parent Account means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group, including the Parent Accounts listed or described on Schedule XI.
Parent Account means an Account that sweeps funds automatically to a Balance Account based on the Sweep Balance in the Balance Account.
Examples of Parent Account in a sentence
Any credits to the Balance Account that increase the balance above the Sweep Balance in these Accounts will be swept to the Parent Account.
The Balance Account and any deposit account that is the Parent Account or Subsidiary Account must be a checking account (excluding accounts with restrictions) or a Loan Account.
You authorize us to debit the Parent Account (or any other accounts maintained by you with us) for any fees or other amounts due us in connection with the Sweep Services.
Any debits to the Receiving Accounts that reduce the balance in these Accounts to a sum less than the Sweep Balance will be swept from the Parent Account to the Balance Account.
To reinstate the BAS Service, you must designate a new Parent Account.
More Definitions of Parent Account
Parent Account means the GoHenry parent e-money account.
Parent Account means the gohenry parent electronic money account.
Parent Account. The parent account as so designated in the Working Cash Sweep Agreement and referred to in the Working Cash Sweep Agreement and Trust Agreement as the Account.
Parent Account means the segregated account of the Parent established and maintained with The Bank of New York Mellon pursuant to the terms of the Parent Custody Agreement.
Parent Account means the account established by Safe Food Pro for the use of the Solution by you and your Authorised Users.
Parent Account has the meaning set forth in Section 2.3(e)(i).
Parent Account or “Account” means an e-money account in EUR opened and maintained for you by Paynetics under this Agreement, which is used for loading of Cards. The Parent Account is enabled only for incoming transfers and for loading of Cards, it cannot be used for making outgoing transfers, and if provided for hereinbelow, may be allocated International Bank Account Number (IBAN).