Authorized Accounts definition

Authorized Accounts means the Account(s) of Company identified, to which Automated File Movement rendered by Bank will apply.
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Authorized Accounts means the account(s) of Company, maintained at Bank.
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Authorized Accounts means the deposit accounts to which the CIF identified in the Business Application form is related as the Primary Account Holder. Additional Authorized Accounts may be added by notifying the Bank and providing the Bank with any information or approval it will require.
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Examples of Authorized Accounts in a sentence

  • Interest from Deposits in Authorized Accounts Name of InstitutionDate Received AmountStreet AddressCityStateZip CodeTotal of Section G I.

  • You represent and warrant that all persons whose signatures are required for the Authorized Accounts have consented and agreed to the Application.

  • However, Bank shall use reasonable efforts to act on a request by Company for cancellation or amendment of an Entry prior to crediting/debiting a Company’s Authorized Account(s) set forth in the Agreement.

  • Prior to the Closing Date, Borrowers shall deliver to Agent a complete and executed Authorized Accounts form regarding each Borrower's operating account(s) into which the proceeds of Loans are to be paid in the form of Exhibit D annexed hereto.

  • Interest from Deposits in Authorized Accounts Name of Institution Date Received Total Amount ReceivedStreet AddressCityStateZip CodeTotal of Section G I.

  • All payment orders executed debited and credited to the appropriate accounts by the Bank under this Agreement will be reflected on your periodic statements issued by the Bank with respect to the Authorized Accounts listed on the Enrollment Form.

  • Furthermore, each debit made from the Authorized Account(s), shall be treated the same as if You had personally issued a cheque authorizing Your financial institution to pay FundScrip.

  • Notwithstanding the foregoing, Bank is hereby authorized to charge the account(s) ("Authorized Account(s)"), as settlement for credit Entries issued by Customer or returned or dishonored debit Entries.

  • If Marital Status is Single, Inception Age is NOT 10-25 Years Old, Product Type is NOT Investment-Linked (Whole Life) and Gender is Female, hence, Cluster 0.If Marital Status is Single, Inception Age is 10-25 Years Old, Gender is Female, Product Type is Investment- Linked (Whole Life) and Annual Income is MYR0.00-MYR27000.00,hence, Cluster 1.

  • In addition, if Customer requests reversal of a Debit Entry or Debit File, it shall ensure that there are sufficient funds in Customer’s Authorized Accounts to fund such Debit Entry or Debit File.


More Definitions of Authorized Accounts

Authorized Accounts shall be defined as an Account which consists of a single person or entity with sole authority to enter into agreements with Distributor or Company to acquire Company Services for itself or its different business locations. Each such entity, each affiliate, parent or subsidiary of an entity, or division or separate geographic location of an entity with the aforementioned authority shall constitute a separate Authorized Account. For example, if XYZ Hospital Chain, Inc. had multiple subsidiary corporations which operated divisions or geographically separate locations each with the authority to enter into agreements to acquire Services from Company, the parent company, each subsidiary, each division, and each location, would each constitute a separate Authorized Account. Any dispute related to the identity or separate nature of an Authorized Account shall be resolved by Company in its reasonable discretion after consultation with Distributor and/or any other Distributor affected.
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Authorized Accounts has the meaning assigned to such term in the Intercreditor Agreement. "BANKRUPTCY CODE" means Xxxxx 00, Xxxxxx Xxxxxx Code.
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Authorized Accounts means an account of Customer at Bank which is designated by Customer to be subject to this Agreement.
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Authorized Accounts has the meaning assigned to such term in the Intercreditor Agreement.
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Authorized Accounts means a deposit account of the Customer in the Bank designated by the Customer as a source of payment of (i) Payment Orders issued by the Customer to the Bank and (ii) Reverse Wire Transfers in accordance with instructions specified in Exhibit 2 (if any). If the Customer does not designate an account, any account of the Customer is an authorized account if payment of a Payment Order or a Reverse Wire Transfer from that account is not inconsistent with a restriction on the use of that account.
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Authorized Accounts. Those accounts for which you request, and Bank agrees to provide, Check Positive Pay Services. At any given point in time, the fact that the Check Positive Pay Services are implemented on Bank’s systems for certain of your Accounts, shall serve as conclusive evidence that you designated such Accounts as Authorized Accounts.
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Related to Authorized Accounts

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

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

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

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

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

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

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Authorized Branches means those Branches of Distributors or Distribution Companies which are allowed by the Management Company to deal in Units of the Funds managed by the Management Company.

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

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

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Registered Account means a yen account maintained by the payee with a bank in Japan, details of which appear on the Register at the close of business on the sixth Transfer Business Day before the due date of payment.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Separate Accounts means the accounts which are to be prepared for each