Renminbi Current Account definition

Renminbi Current Account means the Renminbi current account opened and maintained by the Customer with the Bank;
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Renminbi Current Account means a current account denominated in Renmnbi.
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Examples of Renminbi Current Account in a sentence

  • The Bank reserves the right to charge the Renminbi Current Account with items which are subsequently returned unpaid.

  • The Bank shall be entitled to return any cheque at its absolute discretion if (a) the monies standing to the credit of the Renminbi Current Account are insufficient to settle the cheque; or (b) any technical error is spotted on such cheque.

  • The Customer is not permitted to withdraw Renminbi banknotes from the Renminbi Current Account by presenting cheques within Hong Kong.

  • All cheques issued under the Renminbi Current Account must be drawn in Renminbi, crossed and marked account-payee only and are non-endorsable and non-transferable.

  • The Bank will provide a separate monthly statement in respect of the transactions made through the Renminbi Savings Account and the Renminbi Current Account to the Customer.

  • No positive interest is payable on the credit balance in the Renminbi Current Account unless the Bank specifies otherwise.

  • This circuit takes full advantage of the space-saving attributes of printed circuit boards.

  • All cheques issued under the Renminbi Current Account must be drawn in RMB, crossed and marked account-payee only and is non-transferable.

  • No interest is payable on the credit balance in the Renminbi Current Account.

  • Subject to any further applicable terms and conditions, overdraft may be allowed in respect of any Renminbi Current Account and Renminbi Statement Savings Account.

Related to Renminbi Current Account

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Investment Account As defined in Section 3.12(a).

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

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

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.