Unrestricted Account definition

Unrestricted Account means the Account maintained by the Trustee for an Accountholder pursuant to section 8(a)(ii) hereof.
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Unrestricted Account means a bank account, if any, maintained by the Issuer in Brazil in which no funds may be deposited except for the proceeds of Restricted Payments the realization of which is permitted under this Deed and the CTA, the details of which must be provided to the Inter-Creditors Agent by the Issuer in writing prior to or concurrently with the opening of such account, but, in any event, at least five (5) Business Days before such account receives any transfer or deposit.
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Unrestricted Account means an IIM account where the Indian account holder may determine the timing of and amount of disbursements from the trust account;
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Examples of Unrestricted Account in a sentence

  • Once the Holding Period has been satisfied, the Common Stock will be automatically transferred into the Unrestricted Subaccount and the participant will be free to sell or otherwise dispose of the Common Stock, subject to any applicable transaction fees (although the participant will not be permitted to transfer the Common Stock from his or her Unrestricted Account to another broker for such period, if any, following the end of the Holding Period as may be established by the Committee from time to time).

  • On the Closing Date, each Tranche A Lender shall deposit into the Tranche A Unrestricted Account an amount equal to an amount equal to the Tranche A-1 Receivables Formula Amount or the Tranche A-2 Receivables Formula Amount, as applicable.

  • Core Contributions and 401(k) Matching Contributions allocated to a Participant who has attained age 50 and has five years of Vesting Service shall be allocated 50% to the Restricted Account and 50% to the Unrestricted Account.

  • On or prior to the end of each fiscal quarter of the Company, the Board (defined below) will determine the amount of funds necessary for the ongoing operation of the Company that will be transferred from the Joint Account to the Unrestricted Account, such determination to be made based on the business results of the current quarter and the budget and business plan for the following quarter.

  • Each Participant that is not a Canadian resident shall, through a secure, on-line, interactive data link which shall be established by the Committee for the Participant with the Recordkeeper, have access to information on the value of the Participant’s Account, as determined by the Recordkeeper (with respect to the Unrestricted Account) on a daily basis.

  • Upon the advance of such Loan upon the request of Borrowers, such amount deposited into the Unrestricted Account or the Restricted Account, as the case may be, shall be deemed a “Sales Distribution” under this Agreement.

  • Deferral Account Value means, as of any date, an amount equal to the sum of: (a) the Unrestricted Account Value as of such date; and (b) an amount equal to the aggregate number of Restricted Units allocated to the Participant’s Deferral Account as of such date, multiplied by the Fair Market Value of one Share of Common Stock.

  • Schedule G Rental Income Information Not applicable to General Business Cases Schedule H Recapitulation of Funds Held at End of Month Account 1 --------- Bank Bank of Kentucky Account Type Unrestricted Account No. 141283 Account Purpose General Balance, End of Month $405,598 Total Funds on Hand for all Accounts $405,598 Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report.

  • However, each Participant who attains age 50 and has five years of Vesting Service shall have his or her account equally divided into a "Restricted Account" and an "Unrestricted Account" as soon as practicable following the close of the Plan Year in which such age and service conditions are satisfied.

  • If a Controlled Unrestricted Account is not maintained with Bank, Agent may, during any Cash Dominion Trigger Period, require immediate transfer of all funds in such account to Agent for immediate application to repayment of the Loans in accordance with the priorities set forth in the Agreement Among Lenders.


More Definitions of Unrestricted Account

Unrestricted Account shall have the meaning set forth in Section 5.11(a).
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Unrestricted Account means an account established by the Partnership which shall be funded with amounts withdrawn from the Partnership Distribution Fund and otherwise available to the Partnership.
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Unrestricted Account means an account of either of the Borrowers maintained outside of Mexico that is not an Account, and does not constitute Collateral and is not otherwise subject to the provisions applicable to Accounts under the Loan Documents as notified by the Borrowers to the Lender from time to time.
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Unrestricted Account means the Account so designated, which is created and established in the Surplus Fund of the General Bond Resolution.
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Unrestricted Account means an account of the Issuer with an Acceptable Bank which may only be funded with Distributable Cash, within twenty days of the Debt Service Payment Date on which such Distributable Cash could have been, but was not, distributed as a Restricted Payment pursuant to Section 10.6 of the NPA.
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Related to Unrestricted Account

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Unrestricted Cash means all cash and cash equivalents other than restricted cash.

  • Qualified Account means an Account of Borrower generated in the ordinary course of Borrower's business from the rendition of Healthcare Services pursuant to a Customer Contract which Lender, in its sole credit judgment, deems to be a Qualified Account. Without limiting the generality of the foregoing, no Account shall be a Qualified Account if: (a) the Account or any portion of the Account is payable by an individual beneficiary, recipient or subscriber individually and not directly to Borrower by an Account Debtor acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than one hundred and twenty (120) calendar days past the claim or invoice date (but in no event more than one hundred and thirty five (135) calendar days after the applicable Healthcare Services have been rendered); (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) any part of any goods the sale of which has given rise to the Account has been returned, rejected, lost, or damaged; (e) if the Account arises from the sale of goods by Borrower, the sale was not an absolute sale, or the sale was made on consignment or on approval or on a sale-or-return basis, or the sale was made subject to any other repurchase or return agreement, or the goods have not been shipped to the Account Debtor or its designee; (f) if the Account arises from the performance of Healthcare Services, where the Healthcare Services have not been actually been performed or the Healthcare Services were undertaken in violation of any law; (g) the Account is subject to a lien other than a Permitted Lien; (h) Borrower knows or should have known of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (i) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (j) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (k) the Account Debtor is an Affiliate or Subsidiary of Borrower; (l) more than twenty percent (20%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred and twenty (120) calendar days past their invoice date; (m) fifty percent (50%) or more of the aggregate unpaid Accounts from any single Account Debtor are not deemed Qualified Accounts under this Agreement; (n) the total unpaid Accounts of any single Account Debtor exceed twenty percent (20%) of the net amount of all Qualified Accounts; (o) any covenant, representation or warranty contained in the Loan Documents with respect to such Account has been breached; (p) any Account which is based on a contract which is invoiced and/or paid based on a percentage of completion basis; (q) any Account which is based on a contract in which Borrower is paid for services and which services have not yet been fully provided by Borrower; (r) any license fee (other than fees which are paid on a month-to-month basis and are otherwise eligible hereunder); or (s) the Account fails to meet such other specifications and requirements which may from time to time be established

  • 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.

  • 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.

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

  • Unrestricted Global Security means a Global Security that is not a Restricted Security.

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

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

  • Unrestricted Global Note means a permanent Global Note, substantially in the form of Exhibit A attached hereto, that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes that do not bear the Private Placement Legend.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

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

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • 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.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

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

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

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “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.

  • Collection Accounts As defined in Section 3.10(a).