Parent Account definition

Parent Account means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group.
Parent Account means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group, including the Parent Accounts listed or described on Schedule XI.
Parent Account means an Account that sweeps funds automatically to a Balance Account based on the Sweep Balance in the Balance Account.

Examples of Parent Account in a sentence

  • Within 15 Business Days after the Escrow Due Date, Parent shall provide the Company with a written notice setting forth the detailed information of the Parent Account and the Ledger.

  • Upon request of the Company, Parent shall provide the Company with reasonable evidence with respect to the Parent Account in reasonable details, including without limitation the total balance in the Parent Account, and the Ledger, within two (2) Business Days following such request.

  • The Parent Account may be linked to multiple Target Balance Accounts.

  • Borrower hereby authorizes the Bank to charge the Parent Account or any deposit account maintained by the Borrower, individually or jointly with others with the Bank for any payment when due hereunder.

  • If there are insufficient available funds in the Parent Account to cover all Debits from all linked Target Balance Accounts, Provident reserves the right, in its sole discretion, to (a) pay or return any Debits, and (b) advance funds to restore the Target Balance of any one or more of the Target Balance Accounts.


More Definitions of Parent Account

Parent Account means the GoHenry parent e-money account.
Parent Account means the gohenry parent electronic money account.
Parent Account. The parent account as so designated in the Working Cash Sweep Agreement and referred to in the Working Cash Sweep Agreement and Trust Agreement as the Account.
Parent Account a virtual account operated by us, accessed by parents via the Parent Portal, into which Parents can Load funds and, in some cases maintain a Parent Account Balance, for use in making Parent Payments for Payment Items via PPL Products and Services;
Parent Account means the account established by Safe Food Pro for the use of the Solution by you and your Authorised Users.
Parent Account means the segregated account of the Parent established and maintained with The Bank of New York Mellon pursuant to the terms of the Parent Custody Agreement.
Parent Account has the meaning set forth in Section 2.3.