Depositor Account definition

Depositor Account means a NOW account (as defined by Regulation D of the Board of Governors of the Federal Reserve System) that is held by Bank in the name or for the benefit of a Depositor pursuant to a Depositor Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Depositor Account. The account established and maintained as such pursuant to Section 3.1(c).

Depositor Account. As defined in Section 5.1.

Examples of Depositor Account in a sentence

• The Depositor Account shall be held in trust for the benefit of the Depositor.

• Pursuant to Section 3.1(c) of the Sale and Allocation Agreement, there shall be maintained in the name of the Trust at an Eligible Institution a segregated trust account designated as the Depositor Account (the “Depositor Account”).

• BMT shall notify Bank of any and all complaints related to a Depositor Account received in connection with the Depositor Program from a Regulatory Authority, and shall promptly respond to and resolve such complaints as instructed by Bank.

• Higher One will make appropriate entries to an account established by Bank for such purpose to reflect the Financial Transactions to the Depositor Accounts and maintain such necessary records to establish a Depositor Account for each individual Depositor with sufficient detail as required by Applicable Law to assist in ensuring that the Depositor Accounts qualify for FDIC insurance.

• Bank shall ensure that its FDIC deposit insurance remains in full force and effect so that the Depositor Account of each Depositor qualifies for FDIC deposit insurance, subject to FDIC rules and regulations, in the Depositor's individual right and capacity, either on a pass-through or direct basis.

More Definitions of Depositor Account

Depositor Account means a personal deposit account that is held by Bank in the name or for the benefit of a Depositor pursuant to a Depositor Agreement.

Depositor Account means a T-Mobile Customer Account (as defined in the PLBPA).

Depositor Account means the account established and maintained as such pursuant to Section 3.1(c).

Depositor Account shall have the meaning specified in the Sale and Allocation Agreement.

Depositor Account means the personal demand deposit account of a Depositor in connection with the Depositor’s participation in the Depositor Program that is held by Bank, serviced by BMTX and that is subject to a Depositor Agreement, which includes the Existing

Depositor Account. As defined in SECTION 5.1.

Depositor Account means a personal deposit account that is held by Bank in the name or for the benefit of a Depositor pursuant to a Depositor Agreement. "Depositor Agreement" means the agreement that governs the relationship among Bank, BMT and a Depositor and prescribes the terms and conditions under which the related Depositor Account is established, maintained and used, and all related disclosures provided with respect thereto. "Depositor Program" means the administration and processing operation of Depositor Accounts pursuant to the Depositor Agreement. “▇▇▇▇▇▇ Exempt” means financial institutions in the exempt category that have been determined to have, together with their affiliates, reported assets of less than $10 billion, and therefore are exempt from the interchange fee standards under 12 CFR Part 235. "FDIC" means the Federal Deposit Insurance Corporation or any successor entity. "Fees" means all fees and charges generated from the use of the Depositor Accounts, including any Card usage, interchange, and miscellaneous fees. "Financial Transaction(s)" means a Depositor Account transaction involving the withdrawal of funds from or the deposit of funds to a Depositor Account. "Graphic Standards" means all standards, policies, and other requirements adopted by Bank from time to time with respect to use of its Marks. “Issuer Network Assessments” means domestic assessments, cross-border volume fees, transaction processing fees, and other related fees, net of rebates and incentives, assessed by the payment card or ATM networks (or any similar entities) on Bank for providing transaction processing and other payment-related products and services. "Joint Oversight Policies" means the policies and procedures as to be agreed to by the Parties, as may be amended from time to time. "▇▇▇▇" means trade names, trademarks, service marks and logos, whether or not registered.