Transaction Account. Xxxxxxx may hold the Portfolio in the form of cash or cash equivalent in an account or accounts in the name of Xxxxxxx or its nominee pending the execution of a transaction or payment contemplated by this agreement. The Investor acknowledges that Xxxxxxx may retain for its own benefit any interest or other income payable in respect of such holdings.
Transaction Account. A Customer shall open a transaction account for fund depositing, making of payment transactions and other services in the national payments system.
Transaction Account. The Sellers and the Servicers acknowledge that the Transaction Account (including all amounts deposited therein from time to time and any investments made with such amounts) is the property of the Purchaser and not of the Sellers or the Servicers.
Transaction Account. Purchaser shall establish a transaction account with Seller (the "Due to Account") for purposes of accepting credits to, and absorbing debits against, the cash balances to be transferred as a result of adjustments made pursuant to this Agreement after the Closing Date. Seller shall be authorized to make the deposits and withdrawals from and to the Due to Account without the signature of Purchaser but only to the extent of the adjustments specifically provided for in this Agreement. Seller shall provide to Purchaser a full record of all transactions in the Due to Account by 8:00 a.m. eastern time of the business day following any such transactions. Any negative (collected) balances in the Due to Account shall represent an advance to Purchaser bearing interest, which shall be debited against the Due to Account at the end of each month at the applicable Federal Funds Rate on the last business day of such month.
Transaction Account. In respect of each period from (and including) the first day of each month (or, in respect of the first such period, the first applicable day) to (but excluding) the last day of each month, the Account Bank will pay, on the last Toronto Business Day of each month, interest in arrears on any cleared credit balances on the Transaction Account and any other accounts opened by the Guarantor with the Account Bank, other than the GDA Account, at the same rates as are generally applicable to accounts of the same type held by business customers of the Account Bank.
Transaction Account. Article 4 In connection with the public offering of the Shares, UBS as lead manager of the Banks shall hove the right until May 23, 1997 to underwrite up to a maximum of 8'400 additional bearer shares of a nominal value of CHF 40 each, with dividend entitlement as from June 1, 1996, at the placement price of CHF 675 per Share for the purpose of covering any difference between the number of shares underwritten by the Banks and the number of shares allotted to investors (over-allotment). To exercise its purchase right pursuant to this Article 4, UBS shall notify the Company in writing of the number of shares it wishes to purchase as well as of the aggregate purchase price to be paid. The purchase right is deemed to be exercised on the day UBS dispatches the written notification to the Company. The Company shall promptly upon exercise of the purchase right deliver the relevant number of shares to UBS against payment of the purchase price. The 8'400 additional bearer shares have been pledged to UBS and are deposited on a separate securities deposit account with UBS. In the event that UBS until May 23, 1997 fails to exercise its purchase right with respect to all of the bearer shares of a nominal value of CHF 40 each subject to the option pursuant to this Article 4, the remaining shares shall be released from the pledge and delivered to the Company according to separate instructions.
Transaction Account. I understand that this Account is available to customers of Bank of America. To keep my status as a customer, I agree to maintain, in addition to this Account, one of the Bank of America transaction Accounts permitted by you and specified by me in my Account Application for use in connection with purchases and redemptions of Fund shares. Such an account will be referred to as the “Transaction Account”. I understand that, for my protection, the registration of the Transaction Account and this Account must be the same.
Transaction Account. Each of the Collection Account, the Interest Reserve Account, each Tax Reserve Account (if any) and the Custody Account.
Transaction Account. Two transaction accounts will be set up by the CLIENT for the SERVICE PROVIDER that will collect the service fees and other charges for each successful completed transaction using the Telupay Mobile Banking Service rendered by the CLIENT for its account holders or customers or for other persons or entities; The CLIENT shall provide the SERVICE PROVIDER with the following accounts:
Transaction Account. 1 When registering a password for use of this service, you shall strictly manage it by your own responsibility so as not to be illegally used by a third party.
