Designated Depository Account definition

Designated Depository Account means that financial depository account(s) of Subscriber to which SPS will credit approved transaction batch totals and from which SPS will debit amounts due for fees, Chargebacks, and penalties, if any.
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Designated Depository Account means that financial depository account of Subscriber to which SPS will credit electronic check transaction data and from which SPS will debit amounts due for fees, Charge backs, and penalties, if any. “ODFI” means the Originating Depository Financial Institution” through which SPS initiates Subscriber transactions. “Third Party Processor” or “TPP” shall either mean SPS or a data processing service bureau having a contractual relationship with an ODFI and originating Entries to such ODFI on behalf of SPS at SPS’ request.
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Designated Depository Account means a depository account specifically established by an organization to receive contributions and from which to make inde- pendent disbursements.
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Examples of Designated Depository Account in a sentence

  • In case of non-receipt of the aforesaid documents from Eligible Persons other than Non – Resident Shareholders, but receipt of shares in the Designated Depository Account, the Sub-Committee shall take appropriate decision in respect to such tendered shares.

  • Also coming before the committee for action are requests for the FY07 Materials Management Commodities Purchase and a Designated Depository Account as well as for the temporary easement in the far West Campus road extension as well as the West Campus site improvement and steam tunnel extensions.

  • The Eligible Persons shall ensure the receipt of the credit in the Company Designated Depository Account on or before the last date of the Offer.

  • Copy of the delivery instructions issued by the Eligible Persons to their DP for transferring their Equity Shares tendered in the Buy-Back to the Company Designated Depository Account.

  • It will be the responsibility of the Eligible Persons to ensure that the unaccepted Equity Shares are accepted by their respective DPs when transferred by the DP where the Company Designated Depository Account is opened.

  • In case of non-receipt of the aforesaid documents from Eligible Persons other than Non - Resident Shareholders, but receipt of shares in the Designated Depository Account, the Sub-Committee shall take appropriate decision in respect to such tendered shares.

  • Detailed instructions for preparing the overseas reconciliation or Form DS-7629 (formerly Form SF-1149), Statement of Designated Depository Account, are contained in the CUG, Chapters 11.

  • If you have availed the SPEED-e service provided by NSDL for online transfer of securities also have an option to transfer their GSEC online to the Designated Depository Account of the Bank through SPEED-e portal of NSDL (Subject to Para 39 of Section A of this Terms and Conditions).

  • Upon sight of the transfer of Securities to the Designated Depository Account of the Bank, the payment as per the term sheet/cost memo shall be remitted to your DP linked bank account on the settlement date, which will be referred to as T + 1 date for common understanding of all concerned.

  • If the Companydoes not receive the documents listed above but receives the Equity Shares in the Designated Depository Account (as defined below), then the Promoters/Acquirers may deem the Exit Offer to have been accepted by such Shareholders.


More Definitions of Designated Depository Account

Designated Depository Account means a depository account specifically established by an organization to receive contributions and from which to make independent disburse- ments.
Sample 1Sample 2Sample 3
Designated Depository Account means that financial depository account of Subscriber to which SPS will credit electronic check transaction data and from which SPS will debit amounts due for fees, Chargebacks, and penalties, if any.
Sample 1Sample 2Sample 3

Related to Designated Depository Account

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Investment Account As defined in Section 3.12(a).

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collection Accounts As defined in Section 3.10(a).