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.

  • Request Secretary of State to withdraw payment from prepaid PAD Account.

  • Select if you need a New PAD Account created: Name of Company PAD Acct Number Mailing Address City State Zip Contact Name Phone Number Email Address Please check the option: Search Only - $300.00 annual fee Access to: unlimited searching of database, UCC-2 certified searches and copy requests.

  • 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.

  • Only the location listed in the address above All locations of the organization (Check only one) PAD Account Security Administrator (PAD-SA) Information (as defined in the Glossary of Terms below) – at least one SA must be entered.) Name of SA #1 Name of SA #2 E-mail of SA #1 E-mail of SA #2 Phone Number SA #1 Phone Number of SA #2 eAuth ID of SA #1 * e-Auth ID of SA #2 * *Verified Identity eAuth IDs are required.

  • New PAD Amending Existing PAD; Account #: Name of Firm: Address: City/State/Zip Code: Contact Person: Contact Phone: Email Address: Beginning Deposit Amount: $ Monthly PAD statements are sent by email.

  • Your Pre-Authorized Debit (PAD) Account activation cannot occur without a valid activated e-Auth ID for Pre-Authorized Debit (PAD) Account Security Administrator(s).

  • 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.

  • 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.

  • 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.

Related to PAD Account

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

  • Payahead Account means the account designated as such and established and maintained pursuant to Section 4.01.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • 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).

  • 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.

  • 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 Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • 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 $____________.

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

  • 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.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;