Borrowing Account definition

Borrowing Account means such account as the Borrower shall specify in writing to the Administrative Agent from time to time.
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Borrowing Account means a demand deposit account established by Borrower with Bank (or any substitute account established by Borrower with Bank).
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Borrowing Account means an account relating to a purpose for which the Government have a statutory borrowing power;
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Examples of Borrowing Account in a sentence

  • If requested by the Customer and agreed to by the Bank, the Bank will provide Target Balance Borrowing Account Services (“TBBA Services”) in accordance with the procedures set forth in this Section or under any promissory note, loan agreement, security agreement or other TBBA-related documents provided to the Customer by the Bank.

  • This ensures that at the end of the day only the Borrowing Account overdraft facility is used for any funds shortfall.

  • Such Non-Use Fee shall be paid in arrears at the end of each calendar quarter and on the Commitment Termination Date and may be deducted by Bank without notice from the Borrowing Account or any other deposit account of Borrower with Bank.

  • Ltd, a Singapore based Consultancy Company having its registered office at ITE Headquarters, Blk A, A2-01, 2 Ang Mo Kio Drive, Singapore 567720 is to provide certain Consulting Services to the Directorate of Skill Development for the said Project.

  • Borrowing Account Draw DownA transfer of funds from the Borrowing Account to the Clearing Account to make good a non- payment shortfall, or to cover payments due from Payment Parties that are below the Advice Note Threshold Limit (or time threshold) during an Advice Note Period.


More Definitions of Borrowing Account

Borrowing Account means a demand deposit account in AmSouth Bank in the name of, and under the control of, Borrower.
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Borrowing Account means a demand deposit account in Regions Bank in the name of, and under the control of, Borrower.
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Borrowing Account means the borrowing account established with the BSCBanker in the name of the BSC Clearer pursuant to Section N4.1.1(d);
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Borrowing Account. : means the borrowing account established with the BSC Banker in the name of the BSC Clearer pursuant to Section N4.1.1(d); "Boundary Point Metering System": means a Metering System which measures Exports or Imports at a Boundary Point; "Boundary Point": means a point at which any Plant or Apparatus not forming part of the Total System is connected to the Total System; "British Grid Systems Agreement": means the agreement of that title made between the NETSO, Scottish-Hydro Electric PLC and Scottish Power plc inter alia regulating the relationship between their respective grid systems; "BSC Account": has the meaning given to that term in Section N4.1; "BSC Agent Contract": means a contract between BSCCo and a BSC Agent for the provision of services in accordance with the requirements of Section E; "BSC Agent System": the BSC System(s) of a BSC Agent; "BSC Agent": means the person or persons for the time being appointed for the purposes of providing the services specified (or as may be specified) in a BSC Service Description and as otherwise described in Section E; "BSC Audit Report": has the meaning given to that term in Section H5.4.1; "BSC Audit": has the meaning given to that term in Section H5.1.1; "BSC Auditor": means the BSC Agent for BSC Audit in accordance with Section E; "BSC Banker": means the bank for the time being approved by the Panel for the purposes of Section N4.2.1; "BSC Clearer": means Elexon Clear Limited (or any successor to that company in the capacity of the BSC Clearer); "BSC Company": means BSCCo and each Affiliate of BSCCo other than a Permitted Affiliate; "BSC Costs": has the meaning given to that term in Section D2.1.1(a); "BSC Creditor": means, in relation to a Payment Date in respect of a Settlement Day, any Payment Party to whom an amount is payable by the BSC Clearer pursuant to Section N; "BSC Debtor": means, in relation to a Payment Date in respect of a Settlement Day, any Payment Party by whom an amount is payable to the BSC Clearer pursuant to Section N; "BSC Derogation": has the meaning given to that term in Section H10.1.1;
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Borrowing Account means the Borrower's account with VPS for registering SLB Contracts;
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Borrowing Account means the Borrowing Account established by the Trustee pursuant to this Supplement for the benefit of the Series 1997-1 Certificateholders in accordance with Section 23 of this Supplement.
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Borrowing Account means the Borrowing Account, as such term is defined in the Servicing Agreement. The Borrowing Account shall be maintained at The Chase Manhattan Bank.
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