Processing Institution Account definition

Processing Institution Account means the account at the Processing Institution; ▪ “we”, “us” and “our” refer to Credential Securities and/or your Advisor, as applicable; and
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Processing Institution Account means my Account at the financial institution.
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Processing Institution Account means my Account at the financial institution. "Brokerage Account" means my Account with CAM.
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Examples of Processing Institution Account in a sentence

  • You are responsible for all service fees that may arise in connection with your Processing Institution Account.

  • You undertake to inform us, in writing, of any changes in the Processing Institution Account information provided in this authorization prior to requesting any transactions with respect to your Processing Institution Account.

  • You acknowledge that you are responsible for ensuring that there are sufficient funds available in your Account and/or your Processing Institution Account to cover any transfers.

  • If the funds in your Processing Institution Account are insufficient to cover any debit, we may assess a non-sufficient funds fee in effect at that time, as set out in the Credential Securities fee schedule.

  • You acknowledge that the Processing Institution is not required to verify that any purpose of payment for which the debit was issued has been fulfilled by Credential Securities as a condition to honoring a debit issued or caused to be issued by you on your Processing Institution Account.

  • You acknowledge that your authorization is provided for the benefit of Credential Securities and the Processing Institution and is provided in consideration of the Processing Institution agreeing to process credits or debits for or against, respectively, your Processing Institution Account in accordance with the rules of Payments Canada.

  • The Processing Institution Account that Credential Securities is authorized to deposit or draw upon has been specified by you in your Application (on the EFT Authorization form), and a specimen cheque marked "VOID" or other valid banking information confirmation has been provided.

  • You hereby authorize Credential Securities to deposit or draw on the Processing Institution Account, to (a) deposit credit balances from your Account upon your instructions, and (b) debit your Processing Institution Account in accordance with your instructions.

  • I undertake to inform each of CAM or CFIS, as may be applicable, in writing, of any changes in the Processing Institution Account information provided in this authorization prior to the placing of subsequent trades.

  • I acknowledge that this authorization is provided for the benefit of CAM, CFIS and the Processing Institution and is provided in consideration of the Processing Institution agreeing to process credits or debits for or against, respectively, my Processing Institution Account in accordance with the Rules of the Canadian Payments Association.


More Definitions of Processing Institution Account

Processing Institution Account means your financial account that is to be credited/debited by means of Electronic Funds Transfer.
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Processing Institution Account means the Consultant’s account at the financial institution;
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Processing Institution Account means your Account at the credit union or chartered bank.
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Processing Institution Account means my Account at the financial institution. • “Account” means my Account with CFIS or CAM, as may be applicable • “NAAF” means the CFIS client application package. a. I acknowledge that my financial transactions may be handled by CAM Electronic Funds Transfer (EFT) service or CFIS Electronic Funds Transfer service, as may be applicable. The Processing Institution Account that CAM and CFIS are each authorized to deposit or draw upon has been specified by me in my NAAF, the CAM Electronic Funds Transfer form or the CFIS Electronic Funds Transfer form. b. A specimen cheque has been marked “VOID” and attached to my NAAF, to the CAM Electronic Funds Transfer form or to the CFIS Electronic Funds Transfer form. c. I acknowledge that this authorization is provided for the benefit of CAM, CFIS and the Processing Institution and is provided in consideration of the Processing Institution agreeing to process credits or debits for or against, respectively, my Processing Institution Account in accordance with the Rules of the Canadian Payments Association. d. I warrant and guarantee that all persons whose signatures are required to sign on my Processing Institution Account(s) have provided their signature(s) on my NAAF, on the CAM EFT form or on the CFIS EFT form. e. I hereby authorize each of CAM and CFIS, as may be applicable, to deposit or draw on the Processing Institution Account, for the following purposes: f. Depositing credit balances from my CAM or CFIS Account(s) upon my authorization; g. Debiting my Processing Institution Account for the purpose of settling trades in my CAM or CFIS Account(s). h. I may change or revoke this authorization at any time upon providing 10 days written notice to either of CFIS, as may be applicable. Such change or revocation will relate only to the authorization of the entity (either CFIS or CAM) that has received the change or revocation within the timing outlined herein. i. I acknowledge that either of CAM or CFIS, as may be applicable, have the right to terminate my authorization as it relates to that terminating entity, if through no fault of your own you are unable to debit the Processing Institution Account(s) in the full amount that I have specified. j. I acknowledge that provisions and delivery of this authorization to CAM and CFIS, as may be applicable, constitutes delivery by me to the Processing Institution. k. I acknowledge that I am responsible for ensuring that there are sufficient funds available in my Account and...
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Processing Institution Account means my Account at the credit union or chartered bank.
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Related to Processing Institution Account

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Collection Accounts As defined in Section 3.10(a).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Administration Account As defined in Section 7.02.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.