Commercial Accounts definition
Examples of Commercial Accounts in a sentence
For payment requests from Commercial Accounts, which are subject to Article 4A of the Uniform Commercial Code ("UCC 4A"), we are liable only for damages required to be paid under UCC 4A.
The provisions of Regulation E, which regulates electronic fund transfers in individual accounts and the liability of financial institutions and consumers for unauthorized use, do not apply to Commercial Accounts.
The provisions in this section apply only to Transfers to or from Commercial Accounts.
These stop payment procedures also apply to Commercial Accounts (as defined above).
Upon fulfillment to Agent's satisfaction of the applicable conditions set forth in Article 4, and after receipt by Agent of such funds, Agent will promptly make such funds available to Borrower by depositing them to the ordinary checking account maintained by Borrower at Agent's Commercial Accounts Service Center.