Cash Credit Account definition

Cash Credit Account means the account under which a Participant’s Cash Credits are recorded.
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Cash Credit Account means the account under which a Participant's Cash Credits are recorded.
Sample 1
Cash Credit Account means an account through which a co-operative agricultural society or company agricultural may, from time to time, during its currency as fixed by the board, draw moneys, from the bank and repay moneys, to the bank, so that the total amount owing to the bank under the cash credit account shall not at any one time exceed a maximum to be fixed by the board;
Sample 1

Examples of Cash Credit Account in a sentence

  • Account Type : Cash Credit Account No : 57017844467 IFS CODE : SBIN0070158 Name of Bank: State Bank of India Branch : Udyogamandal District : Ernakulam State : Kerala.

  • Our Company had inadvertently deposited the application money in the Cash Credit Account of the Company which technically amounts to utilization of fund before the allotment of shares.

  • Beneficiary Name Bank Name Branch Name Branch Place Branch City PIN Code Branch Code MICR No. Account type Saving Current Cash Credit Account No. (as appearing in the Cheque book) (Code number appearing on the MICR1cheque supplied by the Bank.

  • Beneficiary Name Bank Name Branch Name Branch Place Branch City PIN Code Branch Code MICR No. Account type Saving Current Cash Credit Account No. (as appearing in the Cheque book) (Code number appearing on the MICR cheque supplied by the bank.

  • Account Type : Cash Credit Account No : 57017844467 IFS CODE : SBIN0070158 Name of Bank : State Bank of India Branch : Udyogamandal District : Ernakulam State : Kerala.

  • The Borrower agrees that the drawings in the Cash Credit Account or other accounts shall be allowed to the extent of Drawing Power unless otherwise agreed to by the Bank.

  • Irrevocable and unconditional personal guarantee of the Promoter Directors.It also includes the loan amount credited by the banks in lieu of Devolved LC / SBLC's and Crystallised Bills Discounted to the extent credited by the banks in Cash Credit Account.*** Secured by first charge on export bills discounted under confirmed orders & bills purchased under confirmed orders by banks.

  • Payments from the Cash Credit Account shall be paid in cash and shall include an amount equal to any Interest Equivalents that have accrued through the date immediately preceding the date such payments are made.

  • Client opens the Cash Credit Account which allows the withdrawal up to the limit sanctioned by the bank.

  • Secured by lien on goods meant for export and collaterally secured by securities offered for Cash Credit Account.


More Definitions of Cash Credit Account

Cash Credit Account means an account through which monies may, from time to time, during its currency as fixed by the board, be drawn from or repaid to the Bank, so that the total amount owing to the Bank under such account shall not at any time exceed a maximum amount to be fixed by the board;
Sample 1
Cash Credit Account means an account through which a co-operative society or company may, from time to time, during its currency as fixed by the Minister draw moneys from the fund and repay moneys to the funds, so that the total amount owing to the Government under the cash credit account shall not at any one time exceed a maximum to be fixed by the Minister;
Sample 1

Related to Cash Credit Account

  • Credit Account is modified to read “Grant Account”.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • L/C Cash Collateral Account means an interest bearing cash collateral 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.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Revolving Advance has the meaning given in Section 2.1.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • 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.

  • LC Reserve the aggregate of all LC Obligations, other than (a) those that have been Cash Collateralized; and (b) if no Default or Event of Default exists, those constituting charges owing to the Issuing Bank.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Aggregate Outstanding Extensions of Credit as to any Lender with respect to any Type of Loan at any time, an amount equal to the sum of (a) the aggregate principal amount of all Loans of such Type made by such Lender then outstanding and (b) such Lender's Commitment Percentage of the L/C Obligations then outstanding.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).