Holding Account definition

Holding Account means an account:

Holding Account means the “Holding Account” and various sub-accounts to the Holding Account established pursuant to the Loan Agreement (Mortgage) as in effect on the date hereof.

Holding Account shall have the meaning set forth in Section 3.1.1.

Examples of Holding Account in a sentence

• The appropriations are paid partly in cash and partly as an asset (Holding Account receivable) that is accessible on the emergence of the cash funding requirement to cover items such as leave entitlements and asset replacement.

• All payments must be made into our Holding Account opened with a custodian bank.

• The entity may not transfer compliance instruments from the limited use holding account to any account other than the Auction Holding Account.

• If the Units are redeemed before or upon our sending to you the Closure Notice, the proceeds will be kept in the Holding Account.

• If the purchase of Units in one or more alternative Assets is not possible or is, in our opinion, disadvantageous to the Trust Fund, we will keep the proceeds from redemption in the Holding Account.

More Definitions of Holding Account

Holding Account means the account established and maintained as such pursuant to Section 5.01.

Holding Account refers to the account that holds funds eligible and awaiting investment into a Risk Control Account in accordance with the terms of the Policies, which account shall be part of the Company’s General Account. The assets in the account accrue interest at a rate declared by the Company subject to a guaranteed minimum rate.

Holding Account or “General Holding Account” means an account created for each covered entity, opt-in covered entity, or voluntarily associated entity to hold compliance instruments.

Holding Account means an interest-bearing deposit account belonging to the Agent for the benefit of the Lenders into which the Borrower may be required to make cash deposits pursuant to the provisions of this Agreement, such account to be under the sole dominion and control of the Agent and not subject to withdrawal by the Borrower, with any amounts therein to be held for application toward payment of any outstanding Letters of Credit when drawn upon.

Holding Account means the form of record maintained by and in the relevant Registry to record the allocation (if applicable), Transfer and holding of Allowances;

Holding Account. A deposit account belonging to the Agent for the benefit of the Banks into which the Borrower may be required to make deposits pursuant to the provisions of this Agreement, such account to be under the sole dominion and control of the Agent and not subject to withdrawal by the Borrower, with any amounts therein to be held for application toward payment of any outstanding Letters of Credit when drawn upon. The Holding Account shall be a money market savings account or substantial equivalent (or other appropriate investment medium as the Borrower may from time to time request and to which the Agent in its sole discretion shall have consented) and shall bear interest in accordance with the terms of similar accounts held by the Agent for its customers.

Holding Account means the account number 0000000, sort code 30-00-02 entitled "Bluewater Energy N.V. Uisge Gorm/Glas Dowr/Bleo Xxxx/Haewene Brim Account" opened or to be opened by Bluewater Energy with the Deposit Bank, the operation of which is to be governed by the Holding Account Deed; and all references in the Bleo Xxxx Topsides Head Lease to the "Holding Account" shall, with effect from the date of this Deed, be deemed to be references to the "Holding Account" defined above;