Dda Account
Each applicable BANK is authorized to charge the applicable DDA Account in accordance with the Reverse Wire provisions of this Agreement.REVERSE WIRE BANK is authorized to charge the DDA ACCOUNT in accordance with the ACH provisions of this Agreement.
What Is A Dda Deposit
A demand deposit account, or DDA Account, is another term used for checking account. The Developmental Disabilities Administration is transforming lives by providing support and fostering partnerships that empower people to live the lives they want. The 2021-2023 Strategic Plan describes our work and expected outcomes to accomplish the mission. Dec 13, 2020 The term DDA is used in banking, and financial institution stands for “ Demand Deposit Account.” This checking account is for those who deposit or withdraw funds often. In a DDA account, you get facilitate to transfer money or withdraw funds anytime without even visiting your bank.
DDA Account means Borrower's Demand Deposit Account into which Bank shall deposit the Advances for the purpose of (i) paying, by means of ACH transfer, Approved Invoices arising from purchases of Merchandise from a supplier, including any freight charges to the extent Aaron consents thereto and (ii) paying, to Borrower's own account upon the consent of Aaron, state use taxes associated therewith. The Developmental Disabilities Administration (DDA) has gathered resources and developed guidance to assist with the delivery of community-based services in response to.
By 5:00 PM (Eastern Time) of the business day following the business day the Escrow Agent has deposited a particular Conforming Payment into the Consolidated DDA Account on behalf of a person who is not eligible under Federal banking laws and Regulation D to hold a NOW account, the Escrow Agent shall transfer amounts corresponding to such Conforming Payment into the Escrow (Non-Eligible) Account.
On each Check Presentation Date, Disbursement Agent will disburse funds in the Disbursement Account to the DDA Account by 5:15 p.m. New York time, provided that (A) Disbursement Agent shall have performed the procedures set forth in Section 11(c) and all conditions to disbursement set forth therein shall have been satisfied; and (B) sufficient funds exist in the Disbursement Account (taking into account amounts required to be transferred from the related Wire-out Account pursuant to Section 11 (a)(ii)).
Investors with respect to whom the Escrow Agent has deposited one or more Conforming Payments into the Consolidated DDA Account are referred to herein as “Purchasers”.
Dda Accounting Term
By 5:00 PM (Eastern Time) of the business day following the business day the Escrow Agent receives a Conforming Instrument or Conforming Wire Payment (collectively, “ Conforming Payments”) the Escrow Agent shall deposit the Conforming Payment into the Consolidated DDA Account.