PAD Account definition

PAD Account means a banking account of a Licensed Producer at a Canadian financial institution governed by the Bank Act (Canada), SC 1991, c 46, or in the case of a credit union other than a federal credit union, applicable provincial credit union legislation, to which the Licensed Producer has provided the Province access for the purpose of remitting Remittance Funds;
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PAD Account means your pre-authorized debit account with your financial institution which you have designated in your Pre-Authorized Debit (PAD) Agreement with the LDB into which you will place Remittance Funds for all Product sold in accordance with this Agreement;
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Examples of PAD Account in a sentence

  • Furthermore, you agree that any PAD instructions you provide may only be made in respect of a PAD Account that is held in your name.

  • PAD Account Name (if a NEW subscription, a PAD Account Name and Number will be assigned upon processing): j.

  • You warrant to us on a continuing basis that all persons whose signatures are required to deal with the PAD Account have signed this PAD Agreement and that the information set out above in this PAD Agreement with respect to the PAD Account is accurate and complete.

  • The Licensed Producer must have in place and maintain a PAD Account, with debit access provided to the Province, and enter into such agreements or provide such authorizations in respect of that PAD Account as the Province requires, and at least once per week deposit into the PAD Account the Remittance Funds received that week for all DD CP sold since the last such deposit (or otherwise maintain a balance equal to or in excess of such amount(s)).

  • Once your batch has been submitted and passed through the LDB systems, you will receive the following email notifications: - LDB Cost Details for Direct Sales report listing the supplier cost of products, and applicable GST and metal refillable keg deposits pertaining to the reported sales; and - LDB Pre-Authorized Debit (PAD) Settlement Notification report indicating the amount to be withdrawn from your PAD Account.

  • You confirm your Payor’s Authorization for Pre-Authorized Debits is duly Authorized by the valid authority for your PAD Account in accordance with applicable agreements with the Processing Member, and all persons whose signatures are required to authorize withdrawals have signed this Payor’s PAD Agreement.

  • If the Member cancels its PAD Account authorization and does not provide the Provider with alternative pre-authorized debit instructions acceptable to the Provider at least TWO (2) WEEKS before the next date that a debit is to be made, the Member must still arrange for payment to the Provider.

  • In order to be reimbursed for a disputed PAD, the Member must deliver a written declaration that either (A) or (B) above took place to the processing institution(s) within NINETY (90) DAYS after the date that the disputed PAD was posted to the PAD Account, and if the Member does not, the disputed PAD must be resolved between the Member and Provider.

  • The Processing Member is not responsible for validating the terms of your Payor’s Authorization for Pre-Authorized Debits in respect of any Pre-Authorized Xxxxx issued and drawn on your PAD Account.

  • Any Pre-Authorized Debit instructions in your Payor’s PAD Agreement can only be made for a PAD Account held solely or jointly in your name or in the name of a spousal contributor, and you warrant and guarantee that all persons whose signatures are required to provide written instructions to RMFI have done so.

Related to PAD Account

  • Spread Account means the Spread Account established and maintained pursuant to the Spread Account Agreement.

  • Payahead Account means the account or accounts designated as such and established and maintained pursuant to Section 5.01.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Holding Account means an account:

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Note Account As defined in the Indenture.

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

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

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.