Credit Account definition

Credit Account is modified to read “Grant Account”.

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Credit Account means the credit card account that we open for you and the relationship that is established between you and us by this Contract. This Credit Account is used to record transaction activity made by you when you access or otherwise utilize the line of credit we extend to you when you use your Card. “New Balance” means the outstanding balance of your Credit Account at the end of any Billing Cycle. The New Balance is the sum of the Previous Balance (defined as the New Balance shown on your last Statement) less payments and credits, plus new Cash Advances and Purchases and our charges posted during the Billing Cycle.

Credit Account shall have the meaning provided in Section 5.03(f).

Examples of Credit Account in a sentence

• The Association shall not be required to make further deposits into the Special Account in accordance with the provisions of Part B.2 of this Schedule if, at any time, the Association shall have notified the Borrower of its intention to suspend in whole or in part the right of the Borrower to make withdrawals from the Credit Account pursuant to Section 6.02 of the General Conditions.

• The commitment charge shall accrue from a date sixty days after the date of the Development Credit Agreement to the respective dates on which amounts shall be withdrawn by the Borrower from the Credit Account or shall be cancelled.

• Each such deposit into the Special Account shall be withdrawn by the Association from the Credit Account under one or more of the Eligible Categories.

• The Commitment Charge shall accrue from the date of the Financing Agreement or the date which falls on the fourth anniversary of the date of approval of the Credit by the Association, whichever is later, to the respective dates on which amounts are withdrawn by the Recipient from the Credit Account for the Non-Concessional Credit or cancelled.

• With respect to each contract referred to in paragraphs 2 and 3 of this Schedule, the Borrower shall furnish to the Association, prior to the submission to the Association of the first applica- tion for withdrawal of funds from the Credit Account in respect thereof, such documentation and information as the Association may reasonably request to support withdrawal applications in respect of such contract.

More Definitions of Credit Account

Credit Account means any billing arrangement We have extended to You upon Our approval of the Credit Application.

Credit Account wherever used in the General Conditions, means the Grant Account, an account opened by the Administrator on its books in the name of the Recipient to which the amount of the Grant is credited; and

Credit Account means the credit account which may be granted by MBNS to the Client (if any) from time to time on the terms thereof;

Credit Account or “Account” means the credit card account we open for you, which is used to record transaction activity made by you when you access or otherwise use the line of credit we extend to you.

Credit Account means the credit card account that we open for you and the relationship that is established between you and us by this Contract. This Credit Account is used to record transaction activity made by you when you access or otherwise utilize the line of credit we extend to you when you use your Card.

Credit Account means any account (for the purpose of this definition, including but not limited to the Primary Account) maintained with the Bank for the time being designated for the purpose of receiving deposit of funds in relation to the Phonebanking Service.

Credit Account means an account where we have offered a credit line to use as Trading Resources. Additional terms and conditions apply in respect of such an account.