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.
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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).
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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.
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Examples of Default Account in a sentence

  • If you wish to set another account as the Default Account, you have to change the registration through the Participant where you maintain that other account.

  • If an account is terminated as the Default Account by you 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.

  • You are fully responsible for giving instructions and information changes or updates to us on a timely basis for amending your Proxy ID (or related records) or any eDDA setup, including without limitation changing your Default Account, or terminating any Proxy ID or eDDA.

  • Please note at least one bank account (Account A: Default Account) must be listed.

  • If the unallocated credits are from a Benefitting Account receiving demand credit as described in Special Condition 3.g, but the Default Account is not at that time receiving demand credits, (i) PG&E must be notified if the Default Account is to receive demand credit and (ii) proper metering as described in Special Condition 1 must be in place before demand credit can be applied.


More Definitions of Default Account

Default Account means the account maintained by you with us set as the default account for receiving payments or funds from HKICL FPS.
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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.
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Default Account means the primary BSP account which is linked to your Card
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Default Account has the meaning set forth in the Fee Letter.
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Default Account shall have the meaning set forth in Section 7.03(e).
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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;
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Default Account means the primary bank account which is linked to your Card.
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