Processing Institution Account definition

Processing Institution Account means my Account at the financial institution.
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Processing Institution Account means the account at the Processing Institution; ▪ “we”, “us” and “our” refer to Credential Securities and/or your Advisor, as applicable; and
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Processing Institution Account means my Account at the financial institution. "Brokerage Account" means my Account with CAM.
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Examples of Processing Institution Account in a sentence

  • You acknowledge that you are responsible for ensuring that there are sufficient funds available in your Account and/or your Processing Institution Account to cover any transfers.

  • You undertake to inform us, in writing, of any changes in the Processing Institution Account information provided in this authorization prior to requesting any transactions with respect to your Processing Institution Account.

  • You are responsible for all service fees that may arise in connection with your Processing Institution Account.

  • You acknowledge that the Processing Institution is not required to verify that any purpose of payment for which the debit was issued has been fulfilled by CAM as a condition to honoring a debit issued or caused to be issued by you on your Processing Institution Account.

  • You hereby authorize CAM to deposit or draw on the Processing Institution Account, to (a) deposit credit balances from your Account upon your instructions, and (b) debit your Processing Institution Account in accordance with your instructions.

  • You acknowledge that the Processing Institution is not required to verify that any purpose of payment for which the debit was issued has been fulfilled by Credential Securities as a condition to honoring a debit issued or caused to be issued by you on your Processing Institution Account.

  • You acknowledge that your authorization is provided for the benefit of Credential Securities and the Processing Institution and is provided in consideration of the Processing Institution agreeing to process credits or debits for or against, respectively, your Processing Institution Account in accordance with the rules of Payments Canada.

  • You acknowledge that your authorization is provided for the benefit of CAM and the Processing Institution and is provided in consideration of the Processing Institution agreeing to process credits or debits for or against, respectively, your Processing Institution Account in accordance with the rules of Payments Canada.

  • If the funds in your Processing Institution Account are insufficient to cover any debit, we may assess a non-sufficient funds fee in effect at that time, as set out in the Credential Securities fee schedule.

  • If the funds in your Processing Institution Account are insufficient to cover any debit, we may assess a non-sufficient funds fee in effect at that time, as set out in the CAM fee schedule.


More Definitions of Processing Institution Account

Processing Institution Account means your financial account that is to be credited/debited by means of Electronic Funds Transfer.
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Processing Institution Account means your Account at the credit union or chartered bank.
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Processing Institution Account means the Consultant’s account at the financial institution;
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Processing Institution Account means my Account at the credit union or chartered bank.
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Processing Institution Account means my Account at the financial institution. • “Account” means my Account with CFIS or CAM, as may be applicable • “NAAF” means the CFIS client application package.
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Related to Processing Institution Account

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

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

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

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

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Administration Account As defined in Section 7.02.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • 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.

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • 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.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.