Wachovia Account definition

Wachovia Account means a deposit account of the Borrower maintained at Wachovia Bank, N.A. for the purpose of collateralizing a letter of credit given as security for the performance of the Borrower’s obligations to its landlord at the Borrower’s Phillipsburg, New Jersey premises.
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Wachovia Account means account no. 2070482789126, account name: Leverage Finance – NC, at Wachovia Bank, National Association, ABA No. 000000000, Reference: Ferro (1FE01), or any other account or accounts as the Agent may indicate from time to time.
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Wachovia Account has the meaning set forth in Section 1.4.
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Examples of Wachovia Account in a sentence

  • Borrower shall not transfer or withdraw the Purchased Stock from Wachovia Account #4143-6667 without the prior written consent of Lender.

  • Borrower shall not, either directly or indirectly, create, assume, incur or suffer or permit to exist any security interest or charge of any kind or character upon the Purchased Stock held in Wachovia Account #4143-6667 except for the security interest granted herein to the Lender.

  • Upon purchase, the Purchased Stock shall be deposited to Wachovia Account #4143-6667.

  • As soon as available, and in any event, within thirty (30) days following the end of each calendar month, Borrower shall furnish to Lender a copy of the brokerage statements for Wachovia Account #4143-6667.

  • Any amounts on deposit in the U.S. Lockbox Accounts, the Wachovia Clearing Accounts and the Wachovia Account and any replacement or successor accounts relating thereto, as applicable, shall be applied by the Agent in accordance with the terms of the Credit Agreement and the Lockbox Agreement relating thereto.

  • On or before the date hereof and from time to time thereafter, Borrower shall transfer to an account maintained with Agent all sums in the Wachovia Account identified on Schedule 7.16 as the "Evergreen Investments" account (the "Evergreen Account") so that sums on deposit in the Evergreen Account shall not exceed the amount from time to time reasonably necessary to effectuate a commercially reasonable transition of the Wachovia Accounts to Agent.

  • An eligible employee is limited to a combined total of twenty-­‐six (26) work weeks of leave for any FMLA-­‐qualifying reason during a single twelve (12) month period.

  • On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Scotiabank Account and the Wachovia Account, as applicable, each of the Conduit’s and Wachovia’s respective Percentage of the amounts set aside during the preceding Settlement Period that have not been subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) to reduce the Obligations.

  • All amounts on deposit in the U.S. Lockbox Accounts, the Wachovia Clearing Account and the Wachovia Account and any replacement or successor accounts relating thereto shall be subject to the Lien of the Agent hereunder.

  • My County of Residence: Xxxx Xxxx Wachovia Securities Financial Network 0000 Xxxxxxxxx Xxxxx Indianapolis, IN 46278 Dear Xxxx: I have granted a first priority security interest in all of the securities held in Wachovia Account #4143-6667 (the “Account”) to Xxxxxx X.


More Definitions of Wachovia Account

Wachovia Account means the internal Wachovia concentration account into which funds transferred from the Wachovia Clearing Account will be deposited and applied to the Obligations, established and maintained in the name of the Administrative Agent at Wachovia.
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Wachovia Account has the meaning set forth in clause (x) of Exhibit IV.
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Related to Wachovia Account

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

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • 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.

  • 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.

  • Administration Account As defined in Section 7.02.

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

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

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

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

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Direct Account : means any Account which is not an ISA Account.

  • Credit Account is modified to read “Grant Account”.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

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

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

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

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