Finance Office Account definition

Finance Office Account means an account established by the Customer in the name of a Finance Office, tied to a 16-digit number, established at a level between the Customer Account and a Cardholder Account, and to which Debt may be charged. All Finance Office Accounts form part of that Customer Account, and the Customer can have more than one Finance Office Account.
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Examples of Finance Office Account in a sentence

  • Royal Bank may also, at any time, refuse to permit the Debt owing on a Finance Office Account to exceed the Finance Office Account Credit Limit and require the Customer to pay any balances which exceed the Finance Office Account Credit Limit immediately.

  • If the Customer consistently makes late payments or no payments, Royal Bank may reduce the Finance Office Account Credit Limit without prior notice to the Customer.

  • However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Finance Office Account Credit Limit.

  • The Program Administrator may increase or decrease a Finance Office Account Credit Limit at any time, through RBC NextLogic.

  • If Individual Billing has been selected for a Customer Account, whether combined with Finance Office Billing or not, the Customer can avoid interest on both Purchases and Fees on a Cardholder Account or a Finance Office Account by always paying the New Balance in full on or before the Payment Due Date, every month.

  • However, Royal Bank is not liable to the Relevant Party for any Losses, including special, indirect or consequential damages, that may result if, for any reason, a Card or Card number is not accepted or a Cardholder is unable to access the Cardholder Account, or if the Customer is unable to access the Customer Account or Finance Office Account.

  • The New Balance is shown on each Billing Statement and is made up of all Purchases, Cash Advances, interest and Fees incurred on a Cardholder Account, or the sum of all Purchases, Cash Advances, interest and Fees incurred on all Cardholder Accounts under a Finance Office Account, up to the Statement Date.

  • The Customer must observe the Finance Office Account Credit Limit, such that amounts owing on all Cardholder Accounts assigned to a Finance Office Account must not exceed the Finance Office Account Credit Limit.

  • The Finance Office Account Credit Limit represents the maximum credit available for all Cardholder Accounts billed under such Finance Office Account.

  • For a Finance Office Account, if applicable, the Program Administrator can set the Finance Office Account Credit Limit, through RBC NextLogic, up to the Customer Account Credit Limit.

Related to Finance Office Account

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Administration Account As defined in Section 7.02.

  • 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.

  • Holding Account means an account:

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Direct Account : means any Account which is not an ISA Account.

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

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

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

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • 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.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Compliance account means a NOx allowance tracking system account, established by the U.S. EPA for a NOx budget unit under section 10 of this rule, in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for an ozone control period for the purpose of meeting the unit’s NOx budget emissions limitation.

  • 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.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Note Account As defined in the Indenture.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Credit Account is modified to read “Grant Account”.

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