Nature of Account. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Account. 3.1 The Account is a record, or a series of records, maintained by us that shows, at any point in time, the net position of the payments you have made or are required to make to us and the payments we have made or are required to make to you.
Nature of Account. Each Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Account. Custodian warrants and covenants that (i) the Collateral Account constitutes a “Securities Account” within the meaning of Article 8 of the UCC, (ii) the Collateral Account has been established and is maintained with Custodian on its books and records and is maintained and will continue to be maintained as a segregated account, (iii) Custodian is a “Securities Intermediary” within the meaning of Section 8-102 of the UCC, and (iv) all property delivered to Custodian for deposit into the Collateral Account will be promptly credited to such account.
Nature of Account. If the exercise price is deposited or wired into an account, Issuer understands that such account will not be an interest-bearing deposit account and that the funds shall be transmitted to Issuer without interest. If for any reason the exercise price is returned to Trilogy, Trilogy understands that the exercise price shall not have earned interest and no interest shall be paid to Trilogy.
Nature of Account. The Depository Accounts, the Payment Clearing Account, the Custodial Accounts, and the Advances Reserve Account for Subservicing will be in the name of and under the control of Servicer in the case of tri-party Subservicing Agreements or Nationstar in the case of two-party Subservicing Agreements, each of which will have the responsibility to establish and maintain such accounts in accordance with Servicing Standards.
Nature of Account. The amounts credited to the Director's Deferred Compensation Account hereunder shall remain part of the general funds of the Bank and neither the Director nor any Beneficiary shall have any property interest in any specific assets of the Bank. The establishment of the Deferred Compensation Account will not require or result in the actual funding of a segregated account or serve as security for such account.
Nature of Account. Each Trust Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Account. The amounts credited to the Officer's Deferred Bonus Compensation Account herunder shall remain part of the general funds of the Savings & Loan. The establishment of the Deferred Bonus Compensation Account will not require or result in the actual funding of a segregated account or serve as security for such account.
Nature of Account. University of Massachusetts, referred to herein as "UMass," agrees to accept and to hold for the benefit of the Holder, and exclusively for the purposes described herein, funds prepaid by the Holder to a plan maintained by UMass and referred to herein as the "UCard Debit Account." Funds prepaid by the Holder to the UCard Debit Account shall be applied to charges for goods and services made by the Holder through the use of the UCard Debit Account. The Holder understands and agrees that the UCard Debit Account is not a credit card account and that under no circumstances should debits or charges to the account result in a balance below zero. If the Holder’s balance should fall below zero, due to an offline transaction, the Holder agrees to deposit sufficient funds to bring the balance back to at least zero. The UCard Debit Account may not be used to obtain cash or cash advances under any circumstances.
