Authorized Account. An authorized account is a deposit account you have with us that you have designated as a source of payment of payment orders you issue to us. If you have not designated an authorized account, any account you have with us is an authorized account to the extent that payment of the payment order is not inconsistent with the use of the account.
Appears in 6 contracts
Samples: Membership Account and Services Agreement, files.needhambank.com, files.needhambank.com
Authorized Account. An authorized account is a the deposit account you have with us that you have designated as a source of payment of for payment orders you issue to us. If you have not designated an authorized accountone, any deposit account you have with us is an authorized account to the extent that so long as payment of the a payment order is from that account does not inconsistent with violate any restriction on the use of the that account. Under no circumstances shall you give us a payment order that debits your business or other nonconsumer deposit account to facilitate an international transfer of funds by an individual sender for his or her personal, family, or household purposes.
Appears in 2 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement
Authorized Account. An authorized account Account is a deposit account Account you have with us that you have designated as a source of payment of payment orders you issue to us. If you have not designated an authorized accountAccount, any account Account you have with us is an authorized account Account to the extent that payment of the payment order is not inconsistent with the use of the accountAccount.
Appears in 1 contract
Samples: Terms and Conditions (AlphaCentric Prime Meridian Income Fund)
Authorized Account. An authorized account Authorized Account is a deposit account you have with us that you have designated as a source of payment of payment orders that you issue to us. If you have not designated an authorized account, any account you have with us is an authorized account to the extent that payment of the payment order is not inconsistent with the use of the account.
Appears in 1 contract
Samples: Wire Transfer Services Agreement