Transfer Account. An account maintained by the Insured Company at a Financial Institution from which the Insured Company can initiate the transfer, payment or delivery of money or Securities.
Transfer Account. The portion of a Participant's Aggregate Account credited with funds transferred from qualified plans pursuant to Section 4.05, as adjusted for earnings and losses attributable to such funds.
Transfer Account. A. ISO shall establish and maintain the Transfer Account at BANK during the term of this Agreement to facilitate the making of all payments due to BANK and ISO hereunder.
Transfer Account. A Participant's Account reflecting amounts transferred by or for him from Bridgestone Americas, Inc. Employee Stock Ownership Plan for Bargaining Unit Employees or Bridgestone Americas, Inc. Employee Savings Plan II for Bargaining Unit Employees, and earnings thereon, subject to the provisions of Section 5.2.
Transfer Account. (a) Borrower has instructed, and shall cause, its Card Processors to immediately forward all Settlement Amounts to the Transfer Account. Lender may transfer the funds on deposit in the Transfer Account to an account owned by Lender and commingled with the general funds of Lender and no such amounts shall be deemed to be held in trust for the benefit of Borrower. Borrower hereby represents, warrants and agrees that, all Settlement Amounts shall immediately be paid to the Transfer Account. If Borrower receives any Settlement Amounts, Borrower shall, promptly upon receipt and in any event within one (1) business day of receipt thereof, forward such Settlement Amount directly to the Transfer Account in the form received, together with any necessary endorsements, in form and substance acceptable to Lender. Until so forwarded, such Settlement Amounts shall be held in trust for the benefit of the Lender. For the avoidance of doubt, all collected and available funds in the Transfer Account (the "Transfer Funds") shall at all times be under the sole dominion and control of Lender, and Borrower shall have no right to withdraw, transfer, have control over the use of or otherwise have access to, either the Transfer Account or the Transfer Funds at any time. No interest shall be payable on the Transfer Funds. You and each Signing Principal hereby irrevocably authorize us (such authorization being coupled with an interest) to debit or otherwise withdraw (via the ACH system, electronic checks, wires or otherwise) any funds we are entitled to receive under this Agreement from the Transfer Account upon the occurrence of either of the following (i) if, as of the business day immediately prior to the next Disbursement Date, the Outs by the Borrower and the Lender prior to the opening of the Transfer Account, if Other Network Settlement Accounts are not received in the Transfer Account within 30 days of the date of this Agreement, then this Agreement may be terminated immediately upon notice by the Lender to Borrower in accordance with the terms of this Agreement and upon such termination, the Outstanding Balance, if any, is immediately due and payable in full in accordance with the terms of this Agreement.
(b) Notwithstanding anything to the contrary herein, you agree that notices related to the Transfer Account may be provided to you by electronic mail at the E-mail address set forth above.
Transfer Account. Distributions are permitted for a Participant who has attained age 62 and who has not separated from employment from the Transfer Account.
a. £ Yes - under any distribution option offered to a Participant who has incurred a Termination of Employment
b. £ Yes - limited to the following terms and conditions:
Transfer Account. (a) IPAYMENT shall establish and maintain the Transfer Account at CHASE during the term of this Agreement to facilitate the making of all payments due to SERVICERS from IPAYMENT and to IPAYMENT from SERVICERS. IPAYMENT agrees that it will, at all times, maintain collected funds in the Transfer Account in an amount at least equal to the greater of the Base Amount or the amount then due SERVICERS hereunder (which greater amount shall be referred to herein as the "Minimum Balance"). IPAYMENT hereby authorizes SERVICERS to withdraw funds from the Transfer Account without signature or notice to effect all payments, offsets, deductions, and other transactions due SERVICERS or otherwise provided for under this Agreement. IPAYMENT further agrees to execute any additional documents, which may be required for SERVICERS to execute their rights under this section. IPAYMENT shall be responsible for all fees associated with maintaining the Transfer Account.
(b) If the collected funds on deposit in the Transfer Account at any point in time are less than the Minimum Balance, IPAYMENT shall, by 12:00 P.M. P.T. on the third Business Day after being notified by SERVICERS, wire transfer to SERVICERS, or otherwise deposit to the Transfer Account, additional collected funds in an amount sufficient to cover the deficiency.
(c) Each Banking Day, SERVICERS will transfer to the Transfer Account any funds that are payable to IPAYMENT under this Agreement.
(d) IPAYMENT hereby grants SERVICERS a security interest in the Transfer Account to secure all of IPAYMENT's obligations to SERVICERS under this Agreement. IPAYMENT further grants SERVICERS the right to set-off against the Transfer Account or any other monies belonging or payable to IPAYMENT which are in SERVICERS' possession, which right may be executed to fulfill any payment obligations of IPAYMENT under this Agreement, including IPAYMENT's obligations related to Merchant chargebacks, regardless of whether such obligations are contingent or matured.
Transfer Account. 20 1.88 Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 1.89
Transfer Account. TRANSFER ACCOUNT" shall mean the account established by the Administrative Committee with the Trustee for each Participant who has had transferred to the Plan assets from another qualified plan pursuant to Section 3.10, which Transfer Account shall be invested as provided in Article VI on behalf of the Participant for whom such Transfer Account was established and the assets and the earnings and losses thereon have been allocated.
