Payment Subaccount definition

Payment Subaccount means any subaccounts held on behalf of the School Districts by the Trustee in the Note Participation Payment Fund.
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Payment Subaccount means any subaccounts held on behalf of the Local Educational Agencies by the Trustee in the Note Participation Payment Fund.
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Payment Subaccount means any subaccounts held on behalf of the Local Agencies by the Trustee in the Note Participation Payment Fund.
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Examples of Payment Subaccount in a sentence

  • In addition, prior to the allocation of any investment income pursuant to subparagraph 3.2.3, the Trustee shall deduct an amount equal to the estimated taxes owed on such earnings and deposit that sum into the Tax Payment Subaccount.

  • Prior to the Maturity Date, moneys in the District’s Payment Account and/or Payment Subaccount shall not be used to make such payments.

  • The amounts in this Tax Payment Subaccount shall be used for the express purpose of paying all applicable taxes with respect to the State Trust in a manner consistent with Paragraph 6.7. If at any time the funds on deposit in this Tax Payment Subaccount are insufficient to pay all Taxes then due and owing, the Trustee shall seek to resolve any dispute pursuant to the dispute resolution procedures of Paragraph 6.2.

  • The amounts in this Tax Payment Subaccount shall be used for the express purpose of paying all applicable taxes with respect to the Indian Tribe Mitigation Trust in a manner consistent with Paragraph 6.7. If at any time the funds on deposit in this Tax Payment Subaccount are insufficient to pay all Taxes then due and owing, the Trustee shall seek to resolve any dispute pursuant to the dispute resolution procedures of Paragraph 6.2.

  • Within the School Facilities Account, a Project Subaccount and an Incremental Payment Subaccount were created.

  • Prior to the Maturity Date, moneys in the Local Agency’s Payment Account and/or Payment Subaccount shall not be used to make such payments.

  • If money in the Collection Fund on a Payment Date is not sufficient to pay all amounts described in the second preceding sentence that are then due and payable, the Paying Agent shall disburse funds in the Rental Payment Subaccount to Lessor to pay such amounts as directed by Lessor.

  • The Lessor shall have exclusive control over transfers, withdrawals, and other dispositions of funds from the Collection Fund and the Rental Payment Subaccount (but not the Administrative Fee Subaccount, the Annual Maintenance Subaccount or the Re-lamping Reserve Subaccount) pursuant to the terms and conditions of the Lease and the Related Agreements.

  • The Note Payment Account shall contain an Interest Payment Sub-account and a Principal Payment Sub-account and is to be maintained at the Bank for the payment of the Commercial Paper Notes and the repayment of "Advances" and "Loans" due under the Credit Agreement.

  • If money in the Collection Fund on a Payment Date is sufficient to pay all amounts described in the preceding sentence that are then due and payable, the Paying Agent shalldisburse funds in the Rental Payment Subaccount to the Lessor as and when due to Lessor pursuant to Annex I hereto, the Lease and the Related Agreement.


More Definitions of Payment Subaccount

Payment Subaccount means (i) the portion of a Participant’s Pre-Tax Account that is attributable to all pre-tax contributions for a Plan Year beginning on or after January 1, 2012, and (ii) the portion of a Participant’s Pre-Tax Account that is attributable to all pre-tax contributions under the Plan for Plan Years beginning before January 1, 2012, in each case including any Pre- Tax Base Deferrals, Pre-Tax Bonus Deferrals (for the Bonus Compensation earned during such Plan Year), Discretionary Contributions, Matching Contributions with respect to all such Pre-Tax Deferrals and any After-Tax Contributions earned during such Plan Year, and earnings thereon.
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Payment Subaccount has the meaning specified in Section 7.2(b).
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Payment Subaccount means the portion of a Participant’s Account that is attributable to all Deferral Contributions for a Plan Year (as adjusted for earnings and losses).
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Related to Payment Subaccount

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Regular account means the account established for each active and inactive member un-

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Subaccount means any subaccount designated and established hereunder.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).