Euro Payment Account definition

Euro Payment Account means the account so named of the Issuer held with the Account Bank (a) into which amounts denominated in Euro shall be transferred by the Collateral Administrator on the Business Day prior to each Payment Date out of (to the extent applicable) the other relevant Accounts; and (b) out of which the amounts denominated in Euro is required to be paid on each Payment Date, each as provided pursuant to the Priorities of Payment, shall be paid.
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Euro Payment Account means the account described as such in the name of the Issuer held with the Account Bank.
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Euro Payment Account means the account of the Canadian Purchaser at Credit Agricole S.A., Swift code: XXXXXXXX, Account Number: XXXXXXXXXXX/XX.
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Examples of Euro Payment Account in a sentence

  • Interest shall be due until and including the next Business Day, if the amounts so paid by Borrowers to the Agent US Payment Account, the Agent UK Euro Payment Account, the Agent UK US Dollar Payment Account or Agent UK Sterling Payment Account (as applicable) or other bank account designated by Agent are received in such bank account later than 12:00 noon, Miami, Florida time.

  • The Servicer shall transfer funds from the Collection Accounts to the Payment Accounts or the Japanese Yen Payment Account or the Euro Payment Account in accordance with Section 2.12.

  • All payments (including deposits) to be made by the Servicer and the Sellers that comprise Collections hereunder shall be made without setoff or counterclaim except as otherwise contemplated by this Agreement and shall be made prior to 1:00 P.M., New York City time, on each Settlement Date to the Payment Account, in Dollars, or to the Japanese Yen Payment Account in Japanese Yen, or to the Euro Payment Account in Euros, and in immediately available funds.


More Definitions of Euro Payment Account

Euro Payment Account means the interest bearing account described as such in the name of the Issuer with the Account Bank to which amounts shall be transferred by the Account Bank on the instructions of the Collateral Administrator on the second Business Day prior to each Payment Date out of certain of the other Accounts in accordance with Condition 3(i) (Accounts) and out of which the amounts required to be paid on each Payment Date pursuant to the Priorities of Payment shall be paid in accordance with Condition 3(i)(xi) (Payment Accounts).
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Related to Euro Payment Account

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Disbursement Account has the meaning ascribed to it in Section 1.1(e).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.