DDA Account definition

DDA Account shall have the meaning specified in the Check Disbursement Agreement.

DDA Account means a demand deposit account.

DDA Account means Borrower’s Demand Deposit Account into which Bank shall deposit the Advances for the purpose of (i) paying, by means of ACH transfer, Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent Aaron’s consents thereto and (ii) paying, to Borrower’s own account upon the consent of Aaron’s, state use taxes associated therewith.

Examples of DDA Account in a sentence

• At the end of each calendar month, Bank shall provide Borrower with a monthly DDA Account statement in the form customarily used by Bank for its commercial customers and a loan account statement.

• It is understood that the Subcustodian is authorized to supply any information regarding the Account or DDA Account which is required by any law or governmental regulation now or hereafter in effect.

• Written Instructions from the Custodian to receive and deliver Securities and monies shall reference the Account and DDA Account, as appropriate, and with respect to each Government Security shall specify the name of the issuer, title, CUSIP number and par value thereof, and such other information as the Subcustodian may require in connection with such Written Instructions.

• The Subcustodian shall furnish the Custodian with a summary of all transfers to or from the Account and the DDA Account from time to time as mutually agreed.

• The Custodian may from time to time deliver or cause to be delivered to the Subcustodian for deposit in the Account and DDA Account Securities and monies (in immediately available funds), respectively, at any time during the term of this Agreement.

More Definitions of DDA Account

DDA Account means a transactional account with an MPF Bank or the MPF Provider.

DDA Account means that certain deposit account having account number 104791335219 maintained as of the Effective Date by the Borrower, as depositor, with U.S. Bank National Association, as depositary bank.

DDA Account means Borrower's Demand Deposit Account into which Bank shall deposit the Advances.

DDA Account means Account No. _______________ with the Custodian, into which proceeds for redemptions, dividends and other distributions shall be paid from time to time to permit the Administrator to perform its services hereunder.

DDA Account means the non-interest bearing demand deposit account at State Street for the applicable Principal Account, as set forth on Schedule B hereto.

DDA Account means Account No. 987-096-4775 with the Custodian, into which proceeds for redemptions, dividends and other distributions shall be paid from time to time to permit Sunstone to perform its services hereunder.

DDA Account means Borrower’s Demand Deposit Account into which Bank shall deposit the Advances for the purpose of (i) paying, by means of ACH transfer, Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent Xxxxx consents thereto, (ii) paying, to Borrower’s own account (or, with the written consent of Xxxxx, such other account for which wiring instructions have been provided to the Bank) upon the consent of Xxxxx, state use taxes associated therewith, and (iii) paying, to Borrower’s own account (or, with the written consent of Xxxxx, such other account for which wiring instructions have been provided to the Bank) any other items to the extent expressly permitted to be paid hereunder.