BT ACCOUNT definition

BT ACCOUNT has the meaning set forth in Section 4.11.
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BT ACCOUNT shall have the meaning given to such term in Section 2.9 hereof. BTCC shall mean BT Commercial Corporation, in its individual capacity.
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BT ACCOUNT means an account, maintained by the Collateral Agent at Bankers Trust Company, into which all available funds in the Concentration Account are transferred on every Business Day to be applied to payments of the BTCC Credit Agreement Obligations.
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Examples of BT ACCOUNT in a sentence

  • Upon the terms and subject to the conditions set forth in the Depositary Account Agreements, all available amounts held in each Collection Account shall be wired each Business Day into an account (the "BT ACCOUNT") maintained by the Agent at BTCo. Amounts received in the BT Account from the Collection Banks shall be credited to the Loan Account and distributed and applied as set forth in SECTION 4.12.

  • Despite the fact that the person requesting the information is not an owner or tenant of the building, the strata corporation would be obliged to respond to this person’s request pursuant to PIPA.

  • Upon the terms and subject to the conditions set forth in the Lockbox Agreements, from and after the Initial Funding Date, during any period of time when either (i) an Event of Default has occurred and is continuing, or (ii) unused availability under the Borrowing Base is less than $5,000,000, the Agent may, in its sole discretion, cause all available amounts held in each Lockbox Account to be wired each Business Day into an account (the ("BT ACCOUNT") maintained by the Agent with Bankers Trust Company.

  • Upon the terms and subject to the conditions set forth in the Lockbox Agreements, all available amounts held in each Collection Account maintained by a Borrower shall be wired each Business Day into an account maintained by the Agent with respect to such Borrowers at Bankers Trust Company (each, a "BT ACCOUNT").


More Definitions of BT ACCOUNT

BT ACCOUNT shall have the meaning ascribed to that term in Section ---------- 2.5(c).
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BT ACCOUNT is defined in Section 2.12.
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BT ACCOUNT shall have the meaning given to such term in Section 2.6. BTCo shall mean Bankers Trust Company. BT Delaware shall have the meaning provided in Section 2.3(b). BTCC shall mean BT Commercial Corporation, in its individual capacity. Business Day shall mean any day other than a Saturday, Sunday or legal holiday on which commercial banks in New York, New York are authorized to close. When used in connection with Eurodollar Rate Loans, this definition will also exclude any day on which commercial banks are not open for dealing in U.S. Dollar deposits in the New York interbank Eurodollar market. Canadian Holdco shall mean 3282392 Canada Inc., a corporation organized under the federal laws of Canada.
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BT ACCOUNT shall have the meaning ascribed to that term in SECTION 2.5(B)(II).
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BT ACCOUNT means an account, maintained by the Revolver Agent at ---------- Bankers Trust Company, into which all available funds in the Concentration Account are transferred on every Business Day to be applied to payments of the Revolver Obligations.
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Related to BT ACCOUNT

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Investment Account As defined in Section 3.12(a).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Direct Account : means any Account which is not an ISA Account.

  • Note Account As defined in the Indenture.

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

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

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

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • 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.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.