Opening Account Clause Samples

The "Opening Account" clause defines the terms and conditions under which a party may establish an account with another party, typically a financial institution or service provider. It outlines the necessary steps, such as submitting required documentation, meeting eligibility criteria, and agreeing to the institution’s policies. This clause ensures that both parties understand the prerequisites and procedures for account creation, thereby reducing misunderstandings and establishing a clear foundation for the business relationship.
Opening Account. We shall open and maintain the Account. The Account shall comprise: (a) an Allocated Account in respect of Gold which you ask us to hold for you on an allocated basis; and (b) an Unallocated Account in respect of Gold which you ask us to hold for you on an unallocated basis, which together shall be treated as a single account for all purposes of this Agreement unless the context requires otherwise.
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Opening Account. The purpose of this Participation Agreement is to establish an Account for the Federal Qualified Higher Education Expenses of the Beneficiary named in the Enrollment Form.
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Opening Account. 2.1. To open an account Client must fill in registration form on Company Website: ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇. 2.2. Client accepts conditions of the Agreement, Regulation and Notice of risk.
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Opening Account. Custodian shall open and maintain the Account for the beneficial interests in the Shares beneficially held by Investor.
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Opening Account. The purpose of this Participation Agreement is to establish an account for the Qualified Disability Expenses of the Account Owner named in the Enrollment Form.
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Opening Account. The Record Owner shall open and maintain the Account for the beneficial interests in the Sharesbeneficially held by Investor.
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Opening Account. Pursuant to Section 6 of that certain Investor Agreement, agreed to by Investor concurrently with this Agreement and available at ▇▇▇▇▇://▇▇▇▇▇▇▇▇.▇▇▇/terms#investor (“Investor Agreement”), Investor has assigned Investor’s legal interest in the Securities to Custodian, in Custodian's capacity as a securities intermediary. Contemporaneously with ▇▇▇▇▇▇▇▇▇'s receipt of the legal interests in the Securities corresponding to the Investor's beneficial ownership of the Securities, Custodian shall open and maintain the Account.
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Opening Account. Once Customer has completed the Enrollment Process, they will be issued a Tiphaus ETA Business Account. The purpose of the Tiphaus ETA Business Account is a commercial bank account used to fund the ETA TM Program. A commercial checking account will be opened on behalf of the Customer. There is no minimum balance requirement for opening or maintaining the Tiphaus ETA Business Account. We allow “DBA” Business Accounts for businesses where the business is conducted and presented to the public via a name that is not the legal entity name of the business.
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Opening Account. 1. The Company opens the current overdraft specific account as prescribed above for the purpose of the current account overdraft transaction under this agreement. 2. The current overdraft specific account prescribed above shall be operated only for the use of current overdraft from the Bank and shall not be operated for drawing or accepting checks or for automatic payments of public charges.
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Related to Opening Account

  • Opening an Account Stripe may use information that you provide to Stripe and its Affiliates about a Connected Account to (a) determine the Connected Account’s eligibility to be a Stripe Issuing Accountholder; (b) administer the Stripe Issuing Program; and (c) monitor each Stripe Issuing Accountholder’s Principal Owners, Stripe Issuing Administrators, Card Authorised Users, representatives, and individuals with significant responsibility for management, including executives and senior managers, for the purpose of meeting Stripe’s obligations under Law. Stripe may reject any Connected Account application for, and terminate any Stripe Issuing Accountholder’s access to, the Stripe Issuing Services immediately if any Connected Account, Stripe Issuing Accountholder, Principal Owner, Stripe Issuing Administrator, Card Authorised User, representative, or individual with significant responsibility for management is or becomes a High-Risk Person or uses the Stripe Issuing Program for a Card Unauthorised Purpose.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”). 12.2 Any transfers by the Borrower to an account held by the Lender within SEPA shall not be subject to any fees.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Concentration Account Concentration Account" has the meaning set forth in Section 2.3.