General Purpose Account definition

General Purpose Account means the Education and General Purpose Account established under section 124A;

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General Purpose Account means the account of that name in the Revenue Fund established pursuant to Section 5.02 hereof.

General Purpose Account means an Account linked to any Co-Branded Credit Card and usable solely for the purpose of financing (i) purchases (and all fees and charges relating thereto) of goods and services through sellers or channels other than the Macy’s Channels and (ii) purchases (and all fees and charges relating thereto) of Macy’s Goods and Services through any Macy’s Channel that does not honor the Private Label Account linked to such Co-Branded Credit Card (e.g., purchase of Macy’s Goods and Services at a Macy’s store using a Bloomingdale’s branded Macy’s Credit Card).

Examples of General Purpose Account in a sentence

Upon satisfaction of the applicable credit criteria set forth in the Risk Management Policies, Bank shall promptly establish a Private Label Credit Account and/or a General Purpose Account, as applicable.
After satisfying the requirements of paragraphs B and C of this Section 9.2, any remaining deposits to the General Purpose Account shall be credited to the Airline Fees and Charges Sub-Account.
Unless otherwise agreed by the Parties, Billing Statements with respect to Co-Branded Credit Cards shall be designed to separately reflect in two (2) separate Billing Statements (i) information with respect to the associated Private Label Account and (ii) information with respect to the associated General Purpose Account.
All Co-Branded Credit Cards first issued after the Co-Branded New Issuance Conversion Date shall be linked to a Co-Branded Account, rather than a Private Label Account and a General Purpose Account.
Distributor may use Publisher's logos, trademarks, service marks and trade names (the "Intellectual Property Rights") on a non-exclusive basis (and with respect to the sale of Products in the Territory, on an exclusive basis) with the right to sublicense to those persons described in Section 1.1(b) for the duration of the Term solely for promotion, packaging and advertising purposes in connection with selling and distributing the Products in the Territory.
On a monthly basis, Servicer will remit to Owner amounts in the General Purpose Account in excess of (i) amounts needed to cover pending or anticipated operating cost shortfalls for any REO Property, and (ii) a reserve not greater than $100,000.
After required disbursement of funds under the approved annual budgets, and after establishing a cash reserve not greater than $10,000.00 per REO Property, the balance remaining in the Property Operating Account shall be transferred to Servicer on a monthly basis, for deposit in the General Purpose Account.
Payments made by Servicer or Property Managers to perform the Servicer’s duties under this Agreement shall first be from funds in the respective Property Operating Account or the General Purpose Account.
Owner shall seek to maintain in the General Purpose Account under Section 2.5(A) sufficient funds for Independent Contractor to perform its duties.
In the event that the cash flow from any REO Property is not sufficient to pay such costs, and the General Purpose Account does not have sufficient undesignated funds to cover such costs, then Owner shall, within three Business Days of written request from Servicer, pay to Servicer, for deposit in the General Purpose Account, the funds needed to cover such costs.

More Definitions of General Purpose Account

General Purpose Account means an Account linked to any Co-Branded Credit Card and usable solely for the purpose of financing (i) purchases (and all fees and charges relating thereto) of goods and services through sellers or channels other than the FDS Channels and (ii) purchases (and all fees and charges relating thereto) of FDS Goods and Services through any FDS Channel that does not honor the Private Label Account linked to such Co-Branded Credit Card (e.g., purchase of FDS Goods and Services at a Macy's store using a Bloomingdale's branded FDS Credit Card).

General Purpose Account means the special and separate account heretofore created, continued herein and designated as the “Reno-Tahoe Airport Authority, Nevada, Airport System General Purpose Account.”

General Purpose Account. As defined in Section 3.06.

General Purpose Account means the prepaid account which is associated with a Prepaid Card, and includes the record of debits and credits with respect to Cardholder Transactions originated by a Cardholder.