Open Account definition

Open Account means an account established for a Dealer by CNHi Capital pursuant to which CNHi Capital finances parts and other miscellaneous items or services sold to the Dealer.

Open Account means, in connection with the terms of purchase by a Credit Party of Equipment Inventory from a dealer, that such purchase is made on credit terms, on an unsecured basis, with payment by such Credit Party expected to be made within six (6) months of the date of purchase. The deferral of the purchase price of Equipment Inventory purchased on Open Account does not constitute Indebtedness unless and until such deferral extends six (6) months or more following the date of purchase of such Equipment Inventory.

Open Account means any credit account that the borrower can currently utilize reported in the borrower’s credit report;

Examples of Open Account in a sentence

• In case of LC on usance basis, import on Open Account and Contract / Collection basis, the Director (DPIC) will initiate remittance through the concern bank to the exporter after receiving the satisfactory inspection/installation/commissioning report from the purchaser or the convener tender committee as the case may be.

• The Open Account Fee and the Closed Account Fee shall be paid only with respect to accounts serviced directly by the Transfer Agent and not with respect to accounts serviced by third parties pursuant to omnibus account service or sub-accounting agreements, as provided in Section 2.04 of the Agreement.

• The term United States Treasury Time Deposit Open Account means a non-in- terest-bearing account maintained in the name of the United States Treas- ury which may not be withdrawn prior to the expiration of 30 days’ written notice from the United States Treas- ury, or such other period of notice as the Treasury may require.

• CNHi Capital shall establish from time to time interest rates and other charges applicable to financing and other services extended to Dealers under the Open Account and Wholesale Finance Plan terms.

• Unless other instructions are received by us on or before the settlement date, orders accepted by us may be placed in an Open Account in your name.

More Definitions of Open Account

Open Account. Open Account" shall mean the account established pursuant to Section 3.04 hereof.

Open Account is any account on the books of CFS representing record ownership of shares of a Fund which as of the first day of any calendar month has a share balance greater than zero. For clarification, the term Open Account does not include sub-accounts of an omnibus account. The Open Account fee shall be payable on a monthly basis, in an amount equal to 1/12 the per annum change.

Open Account means an Account that has not been closed by the Bank for risk, has not been closed by the Cardholder or has not been closed by the Bank for inactivity.

Open Account means an account that we agree to establish and maintain for you as part of the Bookkeeping Records. References to debits (charges) to the Open Account in this Agreement mean increases in the amounts you owe us (for example, when we pay a vendor’s invoice on your behalf the Open Account is debited or charged) and credits to the Open Account mean decreases in the amounts you owe us (for example, when Receipts are deposited in the Bank, such amount is credited to the Open Account).

Open Account means a shareholder account which has a balance at any time during a given month, a "closed account" shall mean an account that has a zero balance throughout any given month, and a "purged account" shall mean a closed account which the Fund has directed the Transfer Agent to remove from the System. In consideration of an Annual Per Account Fee per open account at the rates set forth below (charged on a monthly basis), plus payment by the Fund of out-of-pocket expenses in accordance with Appendix G hereto, the Transfer Agent shall provide the services provided for in this Agreement on any Fund Business Day, except as otherwise noted. Fund Annual Fee ---- ---------- MPAM Large Cap Stock Fund $12.78 MPAM Income Stock Fund MPAM Bond Fund MPAM Intermediate Bond Fund MPAM Short-Term U.S. Government Securities Fund MPAM Balanced Fund MPAM Mid Cap Stock Fund $11.51 MPAM Small Cap Stock Fund MPAM International Fund MPAM Emerging Markets Fund MPAM National Intermediate Municipal Bond Fund $17.84 MPAM National Short-Term Municipal Bond Fund MPAM Pennsylvania Intermediate Municipal Bond Fund

Open Account means an account established for a Dealer by CNH Capital or CNH pursuant to which CNH Capital finances CNH Parts sold to the Dealer.

Open Account means payment paid to the client upon the acceptance of goods; payment usually in terms of 30, 60 and 90 days.