Required Account definition

Required Account means the contributions remitted by a Member in accordance with Subsection 18.1, plus any amount so specified in an Appendix to the Plan. Required Account shall also include Investment Income accumulated from at least the first day of the month following the date the contribution was remitted to the Plan to at least the first day of the month prior to the date of transfer from the Plan due to termination of employment, death or retirement.
Sample 1
Required Account means the account opening and other Client specific documentation and Opening Documentation” Client related information set out in Schedule 1; Introduction The Terms & Conditions of this Agreement apply to all products and services provided by Broker Solutions (the Firm) to its appointed Financial Brokers.
Sample 1
Required Account means (A) all deposit accounts or securities accounts of the Domestic Note Parties and the Canadian Note Parties, excluding any Foreign Subsidiary (other than any Subsidiaries incorporated, formed or otherwise organized under the laws of Canada or a province or territory thereof), other than (i) accounts having a de minimis balance; provided that the aggregate balance in all accounts excluded by this de minimis threshold shall not exceed $2,500,000 at any time,
Sample 1

Examples of Required Account in a sentence

  • Beginning Account Balance (II(N)) $2,177,772.00 (B) Draw Due to Insufficient Funds (A(M) $0.00 (C) Required Account Balance $2,177,772.00 (D) Account Deposit/(Release) $0.00 (E) Ending Account Balance (E(A-B+D)) $2,177,772.00 USA GROUP SECONDARY MARKET SERVICES, INC.

  • D e p o s i t o r y - n o n - P h y s i c a l s : D T C N u m b e r 9 0 8 Required: Account Name/Fund Number Information Classification: Limited Access **Unpublished valid BIC in accordance with S.W.I.F.T. guidelines.

  • The Account Party will provide security over a portfolio of Acceptable Financial Assets in an amount equal to the Required Account Value (as defined in the Pledge Agreement).

  • RECONCILIATION OF RESERVE ACCOUNT (A) Beginning Account Balance (II(N)) $2,177,772.00 (B) Draw Due to Insufficient Funds (A(M) $0.00 (C) Required Account Balance $2,177,772.00 (D) Account Deposit/(Release) $0.00 (E) Ending Account Balance (E(A-B+D)) $2,177,772.00 USA GROUP SECONDARY MARKET SERVICES, INC.

  • Pledgor may substitute any financial asset for any financial asset credited to the Account provided that (i) the financial assets credited to the Account immediately after such substitution meet the Required Account Value as provided in this Section 3 and (ii) the financial asset received in such substitution is not subject to any lien, security interest, charge or claim in regard to settlement or otherwise.

  • The Required Account Value incorporates a margin on the Acceptable Financial Assets as follows: Less than 10 years to Maturity: A) Required Percentage shall be 0% B) Required Percentage shall be 8.5%.

  • All funds on deposit in each Required Account shall be additional cash collateral for the Loan, and may be applied, following the acceleration of the Obligations in accordance to Section 8.2(b), by Bank against the outstanding principal balance of the Note.

  • Reconciliations shall be prepared on a monthly basis for each Required Account.

  • The parties acknowledge and agree that each Required Account constitutes a “deposit account” within the meaning of Section 4-9-102 of the UCC.

  • Any financial asset that cannot be valued as provided herein and any financial asset subject to Bank's lien specified in Section 4 shall have no value in determining if the financial assets to remain in the Account are sufficient for purposes of meeting the Required Account Value.


More Definitions of Required Account

Required Account means (A) all deposit accounts or securities accounts of the Domestic Note Parties and the Canadian Note Parties, excluding any Foreign Subsidiary (other than any Subsidiaries incorporated, formed or otherwise organized under the laws of Canada or a province or territory thereof), other than (i) accounts having a de minimis balance; provided that the aggregate balance in all accounts excluded by this de minimis threshold shall not exceed $2,500,000 at any time, (ii) payroll, disbursement and other fiduciary accounts, (iii) zero balance disbursement account, (iv) other trust, escrow, customs and fiduciary accounts, (v) cash collateral accounts solely holding cash collateral upon which Liens permitted by Section 4.10 exist and (vi) tax accounts, including, without limitation, sales tax accounts and (B) all deposit accounts and securities accounts that are subject to control agreements in favor of the ABL Collateral Agent. #96393093v27
Sample 1
Required Account means (A) all deposit accounts or securities accounts of the Domestic Note Parties and the Canadian Note Parties, excluding any Foreign Subsidiary (other than any Subsidiaries incorporated, formed or otherwise organized under the laws of Canada or a province or #96405991v19 territory thereof), other than (i) accounts having a de minimis balance; provided that the aggregate balance in all accounts excluded by this de minimis threshold shall not exceed $2,500,000 at any time, (ii) payroll, disbursement and other fiduciary accounts, (iii) zero balance disbursement account, (iv) other trust, escrow, customs and fiduciary accounts, (v) cash collateral accounts solely holding cash collateral upon which Liens permitted by Section 4.10 exist and (vi) tax accounts, including, without limitation, sales tax accounts and (B) all deposit accounts and securities accounts that are subject to control agreements in favor of the ABL Collateral Agent.
Sample 1
Required Account means the Jamexxx Xxxs, Inc. Account to be established and maintained with the Bank, pursuant to Section 5.1.1(q) and 8.14 hereof.
Sample 1
Required Account. LEVEL: On each Distribution Date, $50,000.
Sample 1

Related to Required Account

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Required Amount shall have the meaning set forth in Section 4.8.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Investment Account As defined in Section 3.12(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • 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.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Controlled Account has the meaning specified therefor in Section 7(k).

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Note Account As defined in the Indenture.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.