DDA definition

DDA means any checking or other demand deposit account maintained by any Borrower.

DDA means each checking, savings or other demand deposit account maintained by any of the Loan Parties. All funds in each DDA shall be conclusively presumed to be Collateral and proceeds of Collateral and the Agent and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in any DDA.

DDA means each checking, savings or other demand deposit account maintained by any of the Loan Parties. All funds in each DDA (other than any DDA specified in clause (b) of the definition of Excluded Accounts) shall be conclusively presumed to be Collateral and proceeds of Collateral and the Agent and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in any DDA.

Examples of DDA in a sentence

• If You have linked a Commerce DDA to Your Account, any ACH payment request that would result in an overdraft of Your DDA will be returned to Your Account, and no overdraft or insufficient funds fees will be assessed to You.

• If You link a non-Commerce DDA to Your Account, You must provide Commerce with the account number and the routing information for that financial institution.

• An ACH return for any reason will result in the deactivation of any active Payment Preferences for the DDA that caused the return, and any other DDA that might share an active Payment Preference.

• Any DDA that has been designated by Commerce as having a garnishment, a closed-to-posting restriction, or has been forced to close by Commerce, will not be eligible to link to Your Account for the purpose of the toggle® payment feature.

• Certain transaction restrictions may apply to such non-Commerce DDAs. Please refer to such bank’s terms and conditions of Your DDA for applicable fees, restrictions and/or limitations of Your DDA.

More Definitions of DDA

DDA. Any checking or other demand daily depository account maintained by the Borrower.

DDA means depletion, depreciation and amortization.

DDA means a difficult development area designated by HUD as an area that has high construction, land and utility costs, relative to the AMGI.

DDA means the developmental disabilities administration within the department of social and health services.

DDA means the Developmental Disabilities Administration within DSHS.

DDA means the developmental disabilities administration.

DDA means the developmental disabilities administration. DDA provides services and case management to children and adults who meet the eligibility criteria.