CBC Transaction Accounts Funds definition

CBC Transaction Accounts Funds means, on any day, the balance standing to the credit of the CBC Transaction Accounts other than the Swap Collateral Account as at the opening of business on such day.
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Examples of CBC Transaction Accounts Funds in a sentence

  • Upon termination or expiry of this Agreement pursuant to Clause 7, the CBC Account Bank shall immediately repay to the CBC the whole of the CBC Transaction Accounts Funds together (in each case) with interest accrued thereon (and not previously withdrawn) to (but excluding) the date of actual repayment, such repayment being effected by means of a transfer direct to the then specified account of the CBC.

  • If the CBC Account Bank intends to charge a negative CBC Transaction Accounts Interest Rate to the CBC in relation to the CBC Transaction Accounts Funds, the CBC Account Bank shall notify the Issuer of this intention at least ten (10) Business Days in advance and after such date the CBC shall pay such rate to the CBC Account Bank.

  • If the CBC Account Bank intends to charge a negative CBC Transaction Accounts Interest Rate to the CBC in relation to the CBC Transaction Accounts Funds, the CBC Account Bank shall notify the Issuer of this intention at least two (2) Business Days in advance and after such date the CBC shall pay such rate to the CBC Account Bank.

  • Upon termination or expiry of this Agreement pursuant to Clause 8, the CBC Account Bank shall immediately repay to the CBC the CBC Transaction Accounts Funds (in each case) with interest accrued thereon (and not previously withdrawn) to (but excluding) the date of actual repayment, such repayment being effected by means of a transfer direct to the then specified account of the CBC.

Related to CBC Transaction Accounts Funds

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

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

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

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

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

  • 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.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

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

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Management Accounts Date means 30 September 2017;

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.