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

  • The Minimum Payment Due may vary each billing period depending on the amount of the Outstanding Balance, as well as the charges incurred and payments made on the HELOC Account during the billing period.

  • If such individual or entity continues to make charges on your HELOC Account and we have reason to believe that you are attempting to use your Access Card number after cancellation of the card, we may or may not allow the transaction to be posted to your HELOC Account.

  • 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.

  • We are not liable if a PAD transaction cannot be posted to your HELOC Account.

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

  • This means that upon demand by us, at any time and for any reason, you must pay us the total amount you owe under the HELOC Account immediately.

  • You must also give us any other information we may request that is relevant to your HELOC Account and to this HELOC Agreement.

  • In the event that you wish to sell or transfer the Property or upon your entering into any agreements of sale or transfer for the Property, we may, at our option, require that all amounts under this HELOC Agreement immediately become due and all principal and outstanding interest on such loans will immediately become due and payable upon such sale or transfer and we may demand immediate payment under the HELOC Account.

  • Any purchase or cash advance you make using your Access Card will be a transaction on your HELOC Account and will reduce the credit available on your HELOC Account.

  • You agree that no sale, transfer or other dealing with the Property shall in any way relieve you of your obligations under the HELOC Account, and for payments owing under the HELOC Account, or in respect of the Total Debt.

Related to HELOC Account

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

  • 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.

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

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

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

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

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

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Note Account As defined in the Indenture.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Administration Account As defined in Section 7.02.

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

  • Interest Collection Subaccount The meaning specified in Section 10.2(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.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • 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.

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • 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.

  • Financial Account means an account maintained by a Financial Institution, and includes:

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

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."