Designated Accounts definition

Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

Designated Accounts. The Collection Account, the Note Distribution Account and the Reserve Account, collectively.

Examples of Designated Accounts in a sentence

• User acknowledges that Radial-X may restrict, suspend or terminate User’s or its Authorized Traders’ access to the Services at any time for any reason described in the Rules, or, with respect to its Designated Accounts, at the direction of the relevant Clearing Firm, or relevant Clearing House, based on information from a Custodian, or at the direction of any government regulator.

• Executing Firm confirms that each Account Holder for which it acts as agent has established and continues to maintain clearing accounts with Clearing Firm members of Clearing Houses accepting for clearance clearable Radial-X Instruments and permit Clearing Firm members utilized for clearing services, and for uncleared Instruments the Custodian or Radial-X on its behalf, to set risk limits for its Designated Accounts.

• Section 3.03 (Special Commitment by the Bank), Section 3.05 (Designated Accounts) and 3.06 (Eligible Expenditures) are deleted in their entirety, and the remaining Sections in Article III are renumbered accordingly.

• Executing Firm acts on behalf of Account Holders identified on the applicable Designated Accounts Form consistent with its agreement with each such Account Holder and shall provide Radial-X with written representations or proof of authority to place orders or execute Transactions on behalf of such Account Holders.

More Definitions of Designated Accounts

Designated Accounts. The AART Collection Account and the Note Distribution Account, collectively. Determination Date: The 15th day of each calendar month, or if such 15th day is not a Business Day, the next succeeding Business Day. With respect to any Distribution Date, the “related Determination Date” is the Determination Date preceding such Distribution Date.

Designated Accounts means the Accounts and Third Party Accounts nominated by the Customer for the purpose of executing a funds transfer. The categories of information required in respect of these Accounts are as prescribed by the Bank from time to time. The Customer acknowledges that certain Accounts may not be suitable for categorisation as Designated Accounts.

Designated Accounts are all of your Deposit Accounts, Credit Accounts, Credit Card Accounts, and Business Credit Accounts that you have with us when you request the e-Bankoh Services, any Credit Card Accounts you subsequently open, and any Deposit Accounts, Credit Accounts, and/or Business Credit Accounts you subsequently designate for use with the e-Bankoh Services on an Application.

Designated Accounts shall have the meaning given the term in Section 5.3 of this Agreement.

Designated Accounts means, collectively, the Collection Account, the Note Distribution Account, the Reserve Account and the Class N Reserve Account.

Designated Accounts means the Accounts and Third Party Accounts nominated

Designated Accounts means any Account Collateral that constitutes: (a) any deposit accounts listed in Schedule IV hereto and the funds credited to any such deposit accounts, and (b) any securities accounts and any financial assets that are credited to any such securities accounts.