Household Accounts definition

Household Accounts means Client’s individual and joint accounts and accounts related to Client that share the same address and, at Client’s request, are consolidated for statement mailing purposes.
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Household Accounts means Client’s individual and joint accounts and accounts related to Client that share the same address and, at Client’s request, are consolidated for statement mailing purposes. Specified Percentages HIGHEST DEBIT BALANCE HOUSEHOLD ACCOUNT VALUE (AFTER NETTING AGGREGATE DEBIT BALANCES) $0 TO $249,999 $250,000 TO $999,999 $1,000,000 TO $1,999,999 $2,000,000 AND ABOVE $0 TO $19,999 2.750% 2.125% 1.375% 0.750% $20,000 TO $49,999 2.250% 1.625% 1.000% 0.625% $50,000 TO $99,999 1.625% 1.125% 0.625% 0.250% The following table shows the Specified Percentages based on various ranges of debit balances and Household Account values. The applicable interest rate charged on Client’s outstanding debit balance in each of Client’s Margin Accounts is calculated by adding the Specified Percentage to the Base Rate (please note that when the Specified Percentage is negative, the applicable interest rate will be less than the Base Rate). HIGHEST DEBIT BALANCE HOUSEHOLD ACCOUNT VALUE (AFTER NETTING AGGREGATE DEBIT BALANCES) $0 TO $249,999 $250,000 TO $999,999 $1,000,000 TO $1,999,999 $2,000,000 AND ABOVE $100,000 TO $249,999 1.000% 0.625% 0.250% 0.125% $250,000 TO $499,999 N/A 0.375% 0.125% -0.125% $500,000 TO 999,999 N/A 0.125% -0.125% -0.375% $1,000,000 TO $1,999,999 N/A N/A -0.375% -0.625% $2,000,000 AND ABOVE N/A N/A N/A -0.750% As an example, if Client has four Baird Household Accounts with values of $800,000, $500,000, $100,000 and $25,000 (for a total of $1,425,000), and two of those accounts are Margin Accounts with outstanding debit balances of $400,000 and $150,000 (for a total of $550,000), the net Household Account Value after subtracting the aggregate outstanding debit balances is $875,000, and the highest debit balance is $400,000. Thus, applying the table above, the Specified Percentage for the two Margin Accounts would be 0.375%.
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Examples of Household Accounts in a sentence

  • No notice is given for changes to the Base Rate or to the interest rate charged to Client due to fluctuations in the aggregate debit balance or value of Client’s Household Accounts.

  • The “Specified Percentage” applied to adjust the Base Rate to determine the annual rate of interest on the outstanding debit balance in each of Client’s Margin Accounts is set by Xxxxx each month based on both the highest debit balance in any of the Margin Accounts among Client’s Xxxxx Household Accounts (as defined below) and the aggregate net value of Client’s Xxxxx Household Accounts (after subtracting the aggregate outstanding debit balances across those accounts) as of the end of the previous month.

Related to Household Accounts

  • Accounts means all presently existing and hereafter arising accounts, contract rights, payment intangibles and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower’s Books relating to any of the foregoing.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

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

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Credit Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • 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.