Primary Accounts definition

Primary Accounts has the meaning assigned to such term in Section 4.27.
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Primary Accounts means the designated primary account of each of the following types of accounts: (i) consumer checking; (ii) passbook savings; and (iii) market rate accounts, but only to the extent that the particular Primary Account to be accessed is available at the particular ATM Location to users without vision impairments.
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Primary Accounts as defined in Section 4.28.
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Examples of Primary Accounts in a sentence

  • We may establish—and change from time to time—criteria for which types of accounts may or may not be Primary Accounts or Coverage Accounts (e.g., account types, or how accounts are owned).

  • We may establish—and change from time to time— criteria for which types of accounts may or may not be Primary Accounts or Coverage Accounts (e.g., account types, or how accounts are owned).

  • AFFIRMATIVE COVENANTS 15 6.1 Government Compliance 15 6.2 Financial Statements, Reports, Certificates 16 6.3 Inventory; Returns 17 6.4 Taxes 18 6.5 Insurance 18 6.6 Primary Accounts 18 6.7 Financial Covenants 18 6.8 Intentionally Omitted 19 6.9 Further Assurances 19 7.

  • You may add, delete or change your designated and Primary Accounts by notifying us in writing or calling our Customer Contact Center or by visiting a branch location.

  • If your Coverage Account is owned jointly, any joint owner may elect this service and bind all other joint owners for transfers between the Coverage and Primary Accounts.

  • You may use your Card and PIN at any non-Sandy Spring Bank ATM that is part of a network that accepts the Card to perform the following:• Withdraw cash from your Primary Account(s).• Transfer funds between your Primary Account(s).• Determine the available balance in your Primary Account(s).

  • You may add, delete or change your designated and Primary Accounts by notifying us in writing.

  • Any newly-opened Maybank account(s) will be designated as the Primary Account(s) for the purpose of MCEP and will supersede all prior instruction(s) given to the Bank and/or Maybank Kim Eng Securities Pte.

  • Without limiting any other rights or remedies of Collateral Agent or Lenders, Collateral Agent may, at its option, instruct the depository banks at which the Primary Accounts are maintained to transfer all available funds received or deposited into such Primary Accounts a specified account of Collateral Agent’s at any time during an Availability Triggering Event.

  • The Primary Account Bank has agreed to be the bank at which (i) during the Transitional Period, each of the Primary Accounts are maintained and (ii) following the Transitional Period, each of the Accounts are maintained, and to provide certain services to the Borrower and, following the delivery of an Acceleration Notice, the Security Trustee in relation to monies standing to the credit of the Accounts and payments thereto.


More Definitions of Primary Accounts

Primary Accounts is hereby amended to read as follows: Borrower will maintain its primary operating accounts with Bank. Additionally, Borrower will maintain the greater of either (i) $20,000,000 or (ii) 33% of its total cash and cash equivalents, (as shown on Borrower's financial statement), in accounts with Bank or invested through Bank. Additionally, in the event Borrower transfers a portion of its investments and/or deposits to another financial institution, Borrower shall cause an Account Control Agreement to be executed between Bank and such financial institution prior to such transfer.
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Primary Accounts is hereby amended to read as follows. Borrower will maintain its primary banking relationship with Bank, which relationship shall include Borrower maintaining account balances in any accounts at or through Bank representing at least 33% of all account balances of Borrower at any financial institution.
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Primary Accounts shall have the meaning set forth in Section 5.16(f).
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Primary Accounts. In addition to the foregoing: (i) on the Closing Date, Borrower shall maintain or have administered through the Bank not less than Thirty-Five Million Dollars ($35,000,000.00) in cash or securities, and (ii) at all times after the Closing Date and prior to the termination of this Agreement, Borrower shall maintain or have administered through the Bank not less than Twenty-Five Million Dollars ($25,000,000.00) in cash or securities in excess of that amount used for Borrower's operations." and inserting in lieu thereof the following: "In addition to the foregoing, Borrower shall, at all times prior to the termination of this Agreement, maintain or have administered through the Bank not less than Thirty-Five Million Dollars ($35,000,000.00) in unrestricted cash or securities in excess of that amount used for Borrower's operations, of which at least $3,000,000.00 shall at all times be maintained in Borrower's sweep account (account no. 3300020686) at Bank or a money market account (account no. 3300080864) at Bank."
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Primary Accounts means the deposit accounts listed on Schedule II hereto.
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Related to Primary Accounts

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Separate Accounts means the accounts which are to be prepared for each

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Collection Accounts As defined in Section 3.10(a).

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

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

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

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

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Proprietary Account means (1) a securities investment or trading account held in the name of an Employee or any of his or her Family Members, or of which that Employee or any of his or her Family Members has Beneficial Ownership, or (2) a proprietary investment or trading account maintained for the Firm or its Employees, except that the term “Proprietary Account” does not include any such account to which the Firm serves as investment adviser.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Lockboxes has the meaning set forth in Section 2.7.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).