Opening Accounts definition

Opening Accounts means the estimated unaudited consolidated balance sheet of the Group, including the notes thereon, as at the Completion Date, prepared in accordance with the provisions of Part 1 of Schedule 7 and delivered to the Buyer in accordance with Clause 4.2;
View Source

Examples of Opening Accounts in a sentence

  • I acknowledge that I have read and understood the General and Special Conditions for Opening Accounts with the Bank “conditions” and I agree to the obligations, liabilities and rights contained in these conditions.

  • The date on which the Bank approves without its stamp shall be the written and effective date of the Agreement on Registration of Information, Opening Accounts and Banking Service and the operation commencement date of the registered account(s) herein.

  • The Company has exclusive title to all of the personal property including all buildings and constructions and other assets recorded in the December Accounts and to be recorded in the De-merger Opening Accounts except for such assets which are leased or licensed.

  • There are no obligations or liabilities, whether absolute, accrued, contingent or otherwise (including without limitation, liabilities for taxes) which are not reflected or disclosed in the December Accounts and in the De-merger Opening Accounts, the accounts receivable (with the exception of receivables from OMG group of companies) are good and collectable at the recorded amounts.

  • A Vesting Year is defined as a year for which SR is entitled to earn Vested Renewal Commissions on premiums coded to SR under Section IV-B-1-b (Opening Accounts) and c (Coordinating Accounts).

  • The December Accounts have been and the De-merger Opening Accounts will be prepared in conformity with the Accounting Principles.

  • Seller shall prepare and deliver to Buyer no later than the close of business on May 20, 1997 a schedule showing all payments made on account of the "Opening Accounts Receivable" as set forth in Schedule 2.2. attached hereto and made a part hereof through May 19, 1997 (the "Receivable Payments") .

  • Consent to the Deemed Procedure for Opening Accounts in Line with the Change to the Book-entry Transfer System Among securities which can be handled by the Bank, as an account management institution, under the book-entry transfer system which is based on the Act on Transfer of Bonds, etc.

  • For the purposes hereof the Opening Accounts Receivable shall be deemed to be those scheduled accounts receivable (gross) on the books and records of the Seller as of March 17, 1997 which the parties agree aggregated to $2,314,651.

  • All inventories have been recorded in the December Accounts and will be recorded in the De-merger Opening Accounts in accordance with the Accounting Principles and making such use of LIFO valuation as consistently applied by OKHA.

Related to Opening Accounts

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

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