Paying Account definition

Paying Account means an account that has shown at least one payment over the last three months or at least two payments over the last six months.
Sample 1Sample 2Sample 3
Paying Account means an account that has shown at least one payment over the last three months.
Sample 1Sample 2Sample 3
Paying Account means the bank account with SunTrust Bank and administered by the Payments Administrator;
Sample 1Sample 2Sample 3

Examples of Paying Account in a sentence

  • If you enroll in our Account-to-Account Transfer Overdraft Protection service and designate another checking or savings account that you maintain with us (your “Funding Account”) to cover overdrafts in your account (your “Paying Account”), the maximum dollar amount of overdraft coverage available to your Paying Account will be the available balance in your Funding Account after all other debits to, and items to be paid from, your Funding Account have been paid.

  • Regardless of your enrollment in Account-to-Account Transfer Overdraft Protection, we do not include the available balance of your Funding Account in determining whether to authorize your request for an ATM cash withdrawal or other debit card transaction from your Paying Account.

  • If we transfer funds from your Funding Account to cover a Paying Account overdraft, then our service fee for Account-to-Account Transfer Overdraft Protection service will be charged and debited to your Funding Account.

  • None of the Issuer, the Investors, the Security Agent, the Custodian, the Paying Account Provider, the Paying Agent Upon Realization Event or any other person shall at any time have the right to affect or demand the conversion of Products (as Ledger-Based Securities) into, or the delivery of, individually certificated securities ("Wertpapiere"), uncertificated securities ("einfache Wertrechte") or book-entry securities ("Bucheffekten").

  • If you are enrolled in our Account-to-Account Transfer Overdraft Protection service and there is insufficient overdraft coverage available under that service to cover the amount of an overdraft, then we have the right to either (i) decline to pay the item that would create the overdraft and return it unpaid or (ii) pay the item by transferring any funds available in your Funding Account to your Paying Account and creating an overdraft.

  • The Paying Account Provider is acting solely as agent of the Issuer and does not assume any obligation or duty to, or any relationship of agency or trust for or with, the Investors.

  • Thereafter, Buyer and/or the Representative may from time to time deposit or cause to be deposited additional funds to fund payments through the Paying Account as contemplated hereunder.

  • The Paying Account Provider is acting upon a Realization Event solely on instruction of the Security Agent.

  • The Issuer and the Paying Account Provider shall have the right, but not the duty, to withhold or deduct from any amounts otherwise payable to the Investor such amount as is necessary for the payment of such taxes, duties, fees and/or charges.

  • The Paying Account used to process payments hereunder is a regulated broker-dealer account for the exclusive benefit of the customers of the Payments Administrator.


More Definitions of Paying Account

Paying Account means a United States-based bank or trust account listed on Exhibit A, which account must be subject to regulation by a United States or state governmental agency with authority over banks or trust companies. The Instructing Parties may change the designated Paying Account upon written request to and approval by AXA Equitable.]
Sample 1
Paying Account means an account that has shown at least one payment over the last three months or at least two payments over the last six months. ‘Payout ratio’ represents the total amount of dividends paid out divided by the underlying profit after tax.
Sample 1
Paying Account means any account that End User has full authority to make payments against that has been established by End User to fulfill payment requests made through the Application(s) and shall include the account specified by the End User for a payment authorization.
Sample 1
Paying Account shall have the meaning ascribed to it in Section 1.03 (b).
Sample 1

Related to Paying Account

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

  • Principal Paying Agent means the Principal Paying Agent as specified in § 2 (1) of the General Conditions.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Paying Agent means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the Company.

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