Default Account definition

Default Account means the account maintained by you with us or any other Participant and set as the default account for receiving payment or funds using HKICL FPS or (if and to the extent specified or permitted by the rules, guidelines and procedures of HKICL) for debiting payment or funds using HKICL FPS.

Default Account means any Account where the equivalent of three (3) or more scheduled payments of principal and/or interest are delinquent (whether or not such scheduled payments are consecutive).

Default Account means your KBC Current Account or KBC Demand Deposit Account that you have nominated in your Application to be used for any cash payments that you will have to make or receive relating to buying or selling Units in your KBC Investment Fund(s). ‘Nominated Account’ where referenced on the App or in documentation provided to you, has the same meaning as Default Account.

Examples of Default Account in a sentence

• If an account is terminated as the Default Account by the Customer or by the relevant Participant for any reason (including suspension or termination of the account), the system of HKICL will automatically assign the most recently registered record in the Addressing Service that is associated with the same Proxy ID to be the Default Account.

• If the Customer wishes to set another account as the Default Account, the Customer has to change the registration through the Participant where it maintains that other account.

• Thông tin Tài khoản liên kết với thẻ/Information of linked account Tài khoản mặc định/ Default Account Số TK vãng lai/Current Account No. : ………………………… Tên tài khoản/Name of AC holder: ………………………………..

• An account (Default Account or Additional Account) physical address, supplied by Licensee at the time of account purchase must be the real physical address of Licensee's business or Licensee's customer’s business as required by the CAN-SPAM Act.

• If Licensee's does not renew the Default Account or Additional Account, it may be closed automatically, and all opt-out information, as well as other information stored at the Account, will be deleted.

More Definitions of Default Account

Default Account means the account maintained by the Customer with the Bank or any other Participant and set as the default account with respect to the use of a Proxy ID for receiving payment or funds using HKICL FPS or (if and to the extent specified or permitted by the rules, guidelines and procedures of HKICL) for debiting payment or funds using HKICL FPS.

Default Account means the account maintained by you with us set as the default account for receiving payments or funds from HKICL FPS.

Default Account means the primary BSP account which is linked to your Card.

Default Account has the meaning set forth in the Fee Letter.

Default Account means the Account maintained by you with us and set as your default account for receiving payment or funds under the QR Code Collection Services;

Default Account means the primary bank account which is linked to your Card.

Default Account shall have the meaning set forth in Section 7.03(e).