Payment Account Bank definition

Payment Account Bank means any depositary institution at which a Payment Account is maintained.
Payment Account Bank means a duly-licensed bank designated by the Bank (using the form attached to the Registry and Paying Agency Agreement as Schedule 3), where the relevant PDTC Payment Account will be opened, maintained, and managed by the Paying Agent for and on behalf of the Bank, into which the Bank shall deposit, in good cleared funds, the amount of the relevant interest and principal payments due each Bondholder on each relevant Payment Date.
Payment Account Bank means the bank(s) at which the Payment Account(s) is/are held.

Examples of Payment Account Bank in a sentence

  • As soon as practicable, the Paying Agent shall open with the Payment Account Bank, one Payment Account for the CPs. The Payment Account shall be operated solely and exclusively by the Paying Agent in accordance with this Agreement and payment of principal on the relevant Maturity Date shall be made from such Payment Account.

  • The Issuer shall designate a bank as its Payment Account Bank, subject to the concurrence of the Paying Agent who shall have the right to impose such reasonable requirements on the Payment Account Bank as shall be necessary to efficiently operationalize the Payment Account.

  • If you do not notify us when you close a Xxxx Payment Account or you do not identify a new Xxxx Payment Account, Bank will not be responsible or obligated for scheduled payments not made.

  • If Bank does not complete a Bill Payment on time or in the correct amount (provided you have given Bank the correct necessary information, selected a timely Payment Date, scheduled or transmitted payment instructions at least five Business Days before the Payment Date, and had sufficient available funds in your Bill Payment Account), Bank will pay any late fee as long as your Bill Pay Account is in good standing with the merchant or other Payee.


More Definitions of Payment Account Bank

Payment Account Bank. The Sakura Bank, Ltd. Branch: Tokyo Main Office (Toukyo Eigyoubu) Address: A/c No: 1008000 (xxrrent account) Documents and evidence required as conditions precedent
Payment Account Bank means a duly-licensed bank designated by the Issuer (in such form prescribed by the Paying Agent, attached hereto as Schedule 3 hereof), where the PDTC Payment Account will be opened, maintained, and managed by the Paying Agent for and on behalf of the Issuer, into which the Issuer shall deposit, in good cleared funds, the amount of the principal payments due each XX Xxxxxx on the Maturity Date/s.
Payment Account Bank shall have the meaning set forth in Section 2.04.
Payment Account Bank means Deutsche Bank Trust Company Americas, or such other bank as determined by the Lender.

Related to Payment Account Bank

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

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Blocked Account Banks means the banks with whom the Borrowers have entered into Blocked Account Agreements.

  • Account Bank means any of them.

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

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

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

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

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

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

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

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