Eligible Deposit Accounts definition

Eligible Deposit Accounts means Deposit Accounts that are accessible through the Online and Mobile Service. “Eligible Loan Accounts” means loan accounts that are accessible through the Online and Mobile Service. “eStatements” are account statements delivered electronically to you through the Online and Mobile Service.
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Eligible Deposit Accounts and "Eligible Loan Accounts" are Deposit Accounts and Loan Accounts, respectively, which (in our sole discretion) are accessible through the Online Banking Service in accordance with the terms of this Agreement. Certain types of transactions, including transfers between Deposit Accounts and/or Loan Accounts, may be limited or not permitted depending on titling, product type, Bank policy or applicable law or regulation.
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Examples of Eligible Deposit Accounts in a sentence

  • Same day transfers between Eligible Deposit Accounts are processed when received.

  • Internal Transfers Funds can be transferred the same day or on a future date between your Eligible Deposit Accounts.

  • The Mobile Deposit Service is a remote deposit capture service that allows you to use a camera-enabled Mobile Device to deposit certain checks (“Eligible Checks” as described below) to your Eligible Deposit Accounts by scanning a check and electronically delivering the digital image of the check and associated deposit information to us or our designated processor.

  • From time to time in connection with the issuance of a Series, Class or Tranche of Notes, the Issuer may cause the Indenture Trustee to establish one or more Eligible Deposit Accounts denominated as “Supplemental Issuer Accounts” in the name of the Indenture Trustee.

  • Using the Xxxx Pay Service, you can arrange for the payment of current, future, and recurring bills from your Eligible Deposit Accounts.

  • SMS (TEXT) ALERTS AND PUSH NOTIFICATIONS The SMS (Text) service allows you to access available information regarding your Eligible Deposit Accounts via SMS text from your Mobile Device as well as set up alerts for your Eligible Deposit Accounts (for example, for low balances).

  • Individual or daily transfers between Eligible Deposit Accounts and Eligible Loan Accounts may be made in an amount that could exceed the balance in your Deposit Account, but not the credit limit for your Loan Account from which the transfers are made.

  • SMS (TEXT) SERVICE, ALERTS AND PUSH NOTIFICATIONS‌ The SMS (Text) service allows you to access available information regarding your Eligible Deposit Accounts via SMS text messaging from your Mobile Device as well as set up alerts for your Eligible Deposit Accounts (for example, for low balances).

  • SMS (TEXT) SERVICE, ALERTS AND PUSH NOTIFICATIONS The SMS (Text) service allows you to access available information regarding your Eligible Deposit Accounts via SMS text messaging from your Mobile Device as well as set up alerts for your Eligible Deposit Accounts (for example, for low balances).

  • Eligible Deposit Accounts and/or Eligible Loan Accounts that you open with the Bank may be enabled in the Online Banking Service following your enrollment.

Related to Eligible Deposit Accounts

  • 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.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Credit Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • 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”.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • 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.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.