Authority Account definition

Authority Account means the account so designated in the Purchase and Remarketing Fund.
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Authority Account means the Authority PSL-Sourced Proceeds Account.
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Authority Account means the account set up by the Operator under Article 7, and “for the Authority Account" means for the benefit and risk and at the expense of the Parties in accordance with their respective Proportionate Interests;
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Examples of Authority Account in a sentence

  • All amounts held in the Authority Account by the applicable Depositary Bank shall, until disbursed in accordance with the terms of this Agreement, constitute the property of the Authority, subject to the provisions of Article III hereof and the Sale Documents.

  • It is acknowledged by the Parties hereto that all interest and other investment income earned on amounts on deposit in both the Authority Account and the Trust Account for Federal, state and local income tax purposes shall be attributed to the Authority.

  • It is acknowledged by the Parties hereto that all interest and other investment income earned on amounts on deposit in the Authority Account for Federal, state and local income tax purposes shall be attributed to the Authority.

  • Prior to the receipt by any Depositary Bank of written notice of a Default or an Event of Default, any amounts held by any Depositary Bank in the Authority Account shall be invested from time to time, at the risk and expense of the Authority, solely as instructed in writing on Schedule I by the Authority or its respective designated representative in a specific money market or bank deposit investment vehicle listed on Schedule I.

  • Any interest, investment income or gain realized as a result of any investments pursuant to Section 5.1 held in the Authority Account (net of the expenses incurred in connection with making such investments) shall be deposited, as soon as practicable (and reinvested as provided herein), shall be retained in the Authority Account on which such amount was realized.

  • Cash and securities on deposit from time to time in the Authority Account shall be valued at the face amount thereof.

  • The Authority, or its respective designated representative, as the case may be, shall select investments having such maturities as shall cause the Authority Account to have a sufficient cash balance as of any day to cover the transfers necessary to be made from such Authority Account on such day in accordance with this Agreement.

  • In the event that a money market fund is designated herein as an initial investment for the Authority Account, the party or parties designating the investment acknowledge receipt of the prospectus for such fund at the time of execution of this Agreement.

  • In the absence of investment instructions in the form of an executed Schedule I, amounts held in the Authority Account shall be held as Cash.

  • Except as otherwise provided in this Agreement, the Operator initially shall pay and discharge all costs and expenses incurred for the Authority Account.


More Definitions of Authority Account

Authority Account means the Account by that name established in the General
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Authority Account shall have the meaning set forth in Section 3 of this Trust Agreement.
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Authority Account means the designated account of the Authority at a Deposit Bank, namely the account 012-899-1-003883-3 at Bank of China or the account 004-048-3-037990 at the HSBC;
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Authority Account means, as applicable, the 2020 Series A Authority Account or the 2020 Series B Authority Account, within the 2020 Bonds Purchase Fund established pursuant to Section 17.01(c).
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Authority Account means the designated account of the Authority at a Deposit Bank;
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Related to Authority Account

  • Security Account “Software”, and “Supporting Obligations”.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Credit Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

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

  • Company Account means the bank or/and electronic Account of the Company, and the Company Account in the Processing Center.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.