Receiving Account means a transaction account that has been identified by the financial institution holding the account as eligible to receive funds from Transfer Transactions.
Receiving Account means the account of a Party designated as its Receiving Account as specified in the Schedule;
Receiving Account means, in respect of any Funded Participation, the account of a Party designated as its Receiving Account as set out in Clause 13 or such other account as a Party may notify to the other Party from time to time.
Examples of Receiving Account in a sentence
All payments by either party to the other under the Transfer Certificate shall be made to the Receiving Account of that other party.
Each party may designate a different account as its Receiving Account for payment by giving the other not less than five Business Days notice before the due date for payment.
The Funding Account and the Receiving Account may be the same account.
Your Receiving Account must be in good standing in order to receive fund transfers.
By using the Transfer Service, you agree and authorize us to initiate credit entries to your Receiving Account.
More Definitions of Receiving Account
Receiving Account means a bank account that is opened and maintained with any branch of the Bank, and is designated by the Customer as an account that shall receive the Salary Amount and/or the Transferred Funds as specified in the Instruction.
Receiving Account means an account that is opened and maintained with a banking branch of any commercial bank in Thailand that is a member of the Clearing House, and is designated by the Customer as the account that shall receive the Transferred Funds as specified in the Instruction.
Receiving Account means any Account that receives funds from another Account in Customer’s Account hierarchy.
Receiving Account means each account maintained by the Customer with the Bank and designated by the Customer and approved by the Bank for receiving payments through the Receivable Collection Services;
Receiving Account means the account that you designate to receive the transfer of funds; "Business Day" means Monday through Friday, excluding Federal Reserve holidays; "Scheduled Transfer Date" means the Business Day of your choice upon which your Transfer Instructions will be carried out, your Transferring Account will be debited and the Receiving Account will be credited; and, "Cutoff Time" means 8:00 p.m. Eastern Standard Time on any Business Day and is the time by which you must transmit Transfer Instructions to have them considered entered on that particular Business Day.
Receiving Account means the account of a Party designated as its Receiving Account as specified in the Schedule.; 9 It is assumed that this will be the same date as the Settlement Date under the Agreed Terms.
Receiving Account refers to the Onshore Controlled Account set up by the Pledgor with the Account Manager (AM) under the Loan Contract and designated to receive all income from the Underlying Contracts. The “Receivables” refer to any account receivables pledged by the Pledgor to the Security Agent and those over which the Pledgor has the right to claim payment from relevant Obligors under the Underlying Contracts, and any rights, interests and benefits to the Pledgor on such receivables, including New Receivables.