Held Account definition

Held Account means a Registered User’s Bank of America personal deposit or credit card account that is linked to the Hosted Service or SDK Service or any account a Registered User has with Bank of America’s Affiliates.
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Held Account means one or more separate, segregated account(s), which may be an interest-bearing account, opened and maintained by Licensee or the Commission at an FDIC-insured bank located in and having a corporate presence in Indiana for use in accounting for and reporting the proceeds of Economic Development Payments made by Licensee to the Commission under this Modified Agreement.
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Examples of Held Account in a sentence

  • You agree to pay any applicable fees or charges associated with Debits or Credits and authorize us to add the charges to the principal balance outstanding under your Loan or, if applicable, Funds Held Account.

  • By signing this Authorization, you authorize us to initiate ACH debits from or ACH credits to your deposit account indicated above (“Deposit Account”) in connection with the Loan Number indicated above (“Loan”) and, if applicable, the Funds Held Account indicated above (“Funds Held Account”).

  • Licensee shall pay the Economic Development Payments as required by Section 4.1 in monthly installments by direct deposit or wire transfer of immediately available funds within twenty (20) calendar days after the last day of each calendar month to the appropriate Designated Account and/or Held Account as described below.

  • You authorize us to initiate ACH credit entries (“Credit”) to your Deposit Account, and, if applicable, to your Funds Held Account, at your request and in accordance with the terms of your loan note for disbursing loan proceeds.

  • All such amounts shall not be deducted from the Funds Held Account.

  • Borrower hereby appoints Pxxx Xxxx Dxxxx, III or Kxxxx Xxxxxx as its attorney-in-fact for the purpose of making deposits and withdrawals from any Funds Held Account of Borrower.

  • The Reinsurers agrees to provide a clean, irrevocable and unconditional Letter of Credit in favor of the Ceding Company issued by a bank acceptable to the Ceding Company adjusted to at all times be equal to the ceded cumulative Ultimate Net Losses outstanding hereunder less the Funds Held Account balance at such dates.

  • For the current fiscal year, the budget and City held accounts are amended to reflect the changes as follows:AmountsCITY HELD ACCOUNTS Account Balance* Amended Balance Change*Approximate, this is a dynamic value CP22-03 Beach Hardened Trail $ 0.00 $ 43,000.00 $ 43,000.00 AMLIP Capital Improv Long-Term $ 339,742.75 $ 296,742.75 <$ 43,000.00>Total Change in City Held Account Balances $ 0.00 Section 4.

  • The Funds Held Account shall be credited quarterly by the Company with 1).

  • Borrower acknowledges that there are no other claims against the Funds Held Account as of the date of this Master Agreement.

Related to Held Account

  • Note Account As defined in the Indenture.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • 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.

  • Holding Account means an account:

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

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

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

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

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

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

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

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