Clearing Account definition

Clearing Account means the account so designated and established by Section 5.04(1) hereof.
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Clearing Account has the meaning set forth in Section 2.7.1 hereof.
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Clearing Account shall have the meaning set forth in Section 6.1.
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Examples of Clearing Account in a sentence

  • Master Servicing Payment Clearing Account Account Number: 066-611059 Beneficiary: Aurora Loan Services Inc.

  • The funds held by the ISO in the ISO Clearing Account shall not be commingled with funds held by the ISO in any other ISO accounts.

  • The ISO will establish one or more accounts (the “ISO Clearing Account”) at a bank or other financial institution, and Transmission Customers shall make payments to the ISO or receive payments from the ISO through the ISO Clearing Account in accordance with their settlement information provided by the ISO as described in Section 2.7.3 of this ISO OATT.

  • PJM shall make payments to the NYISO’s Clearing Account consistent with Sections 7.2.3.3 (Payment by the Customer) and 7.2.5 (Method of Payment) of the NYISO Services Tariff or any successor NYISO Services Tariff provision(s).

  • Except as provided in Section 7.1.4 of this ISO Services Tariff, the ISO shall also ensure that monies owed to Customers in accordance with this ISO Services Tariff and the ISO OATT are paid through the ISO Clearing Account in a timely manner.


More Definitions of Clearing Account

Clearing Account means Account No. 4159359173 in the name of the Seller maintained at Wellx Xxxgo Bank, N.A.
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Clearing Account shall have the meaning set forth in Section 10.1(a) hereof.
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Clearing Account shall have the meaning ascribed to such term in the Cash Management Agreement.
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Clearing Account means the “Clearing Account” as defined in the Clearing Account Agreement.
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Clearing Account means Account No. 4159359173 in the name of the Seller maintained at Xxxxx Fargo Bank, N.A.
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Clearing Account means the depositary account identified as such on Exhibit E into which Collections are collected or deposited.
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Clearing Account means a checking account that is used to manage check deposits and withdrawals. In this case the checks are being credited and debited electronically.
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