Linked Account definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Linked Account means an Account that you hold with us, which we allow you to link to another Account for the purpose of transferring funds between such Accounts;

Linked Account means any business bank account held in Your, the corporate customer’s, name which You have authorised Pleo to access to allow Us to verify and analyse account balances, transactions and account information and/or to initiate transactions.

Examples of Linked Account in a sentence

• Except for any Permitted Linked Account, the Seller shall not permit any Linked Account to exist with respect to any Concentration Account; provided, however, that at any time during the continuance of an Event of Default, the Seller shall, if so instructed by the Administrative Agent (in its sole discretion), cause each Permitted Linked Account to cease being a “Linked Account” promptly, but not later than two (2) Business Days following the Seller’s or the Servicer’s receipt of such instruction.

• Except for any Permitted Linked Account, the Servicer shall not permit any Linked Account to exist with respect to any Concentration Account; provided, however, that at any time during the continuance of an Event of Default, the Servicer shall, if so instructed by the Administrative Agent (in its sole discretion), cause each Permitted Linked Account to cease being a “Linked Account” promptly, but not later than two (2) Business Days following the Seller’s or the Servicer’s receipt of such instruction.

• Except for any Permitted Linked Account, there are no Linked Accounts with respect to any Concentration Account.

More Definitions of Linked Account

Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, Performance Guarantor, Servicer, 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.

Linked Account means the account(s) that you have nominated to be accessed by use of the Service or the accounts associated with your Card at the time that you apply for your Card or open an account with us (as the case requires).

Linked Account means any transactional account maintained by the Company with a financial institution or that provides financial data and is linked to or authorized for use through the Account. Notice means any physical or electronic communication or legal notices related to this Agreement that are provided to Company, Users, or Administrators through text or SMS, email, the Account, or by other means.

Linked Account means any deposit account which is or could be linked to a Collection Account by a controlled balance arrangement.

Linked Account means your Account(s) which you link to a card, and includes any overdraft or line of credit which you may attach to your Linked Account.

Linked Account means an account you have which you may obtain access by use of the Visa Card or CueCard. As it relates to the NPP, “linked account” means the account to which you have linked a PayID for the purposes of receiving payments via the NPP.

Linked Account means a bank account with an Australian ADI (other than us) that is held by you (for the avoidance of doubt, it must be in the same name as your Tyro EFTPOS Banking), as elected by you in the Application Form or as otherwise nominated by you from time to time.