HELOC Account definition

HELOC Account means any home equity line of credit account at a Branch in respect of which credits available therein are withdrawable in practice upon demand or upon which third party drafts may be drawn by the borrower.
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HELOC Account means any home equity line of credit account at a Branch in respect of which credits available therein are withdrawable in practice upon demand or upon which third party drafts may be drawn by the borrower. “Infrastructure Installation” has the meaning set forth in Section 4.10. “Initial Closing” and “Initial Closing Date” refer to the closing of the purchase and sale of the Initial Closing Assets and the Initial Closing Assumed Liabilities, which is to be held on such date as provided in Article 3 and which shall be deemed to be effective at 11:59 p.m., Central time, on such date. “Initial Closing Assets” has the meaning set forth in Section 2.1(a). “Initial Closing Assumed Liabilities” has the meaning set forth in Section 2.2(a). “Initial Closing Loans” means the Loans reflected on Exhibit 1.1(d)(ii) as of the Initial Closing Date. “Initial Closing Purchase Price” has the meaning set forth in Section 2.4(a). “Installation Plans” has the meaning set forth in Section 4.10(iv).
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Examples of HELOC Account in a sentence

  • Seller shall have no obligation to pay such forwarded Transaction Account or HELOC Account drafts.

  • We will credit your payment to your HELOC Account as of the date of receipt, if your payment conforms to the payment requirements described on your HELOC Statement.

  • Any fees payable to us on your HELOC Account shall be added to the applicable Outstanding Balance.

  • You acknowledge that from time to time we may make certain changes to the terms and conditions applicable to your HELOC Account.

  • We may at any time and in our discretion decrease your HELOC Credit Limit, Interest Rate or any charge or fee applicable to your HELOC Account and we may change the Equitable Prime Rate.

  • Any payment received toward amounts owing under your HELOC Account shall be applied (i) first to pay charges and fees; (ii) then to pay interest; and (iii) lastly, to principal.

  • If you would like to cancel your Access Card without terminating your HELOC Account, you may do so by notifying us in writing or via telephone and destroying the card.

  • If you terminate your HELOC Account, your Access Card will automatically be cancelled and you must destroy the card.

  • If you choose to set up a pre-authorized debit (“PAD”) transaction, that is where you authorize an organization to withdraw funds from your HELOC Account using your Access Card number, you agree that you are responsible for providing that organization with adequate and up-to-date information, including advising any such organization should your Access Card expiry date or card number change.

  • This release does not apply to claims for gross negligence or willful misconduct or intentional fault by us, in which case our liability will be limited to the lesser of: o The amount of the credit or charge to the HELOC Account; or o The direct damages you suffer.

Related to HELOC Account

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

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

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

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.