Common use of Account Structure Clause in Contracts

Account Structure. ① Each Source Account must have a Header Account. ② A Header Account may have its own Header Account in relation to which it will be a Source Account. ③ If a Header Account does not have its own Header Account, it will be an Ultimate Header Account. ④ The relationship among the Source Account, Header Account and Ultimate Header Account is set forth in the account structure set out in Schedule 1. ⑤ The Company shall designate the Zero / Target Balancing Services accounts listed in Schedule 2 as a Source Account or Header Account.

Account Structure. ① Each Source Account must have a Header Account. ② A Header Account may have its own Header Account in relation to which it will be a Source Account. ③ If a Header Account does not have its own Header Account, it will be an Ultimate Header Account. ④ The relationship among between the Source Account, Header Account and Ultimate Header Account is set forth in the account same as the structure set out in Schedule 1. ⑤ The Company Participant shall designate the Zero / Target Balancing Services accounts listed in Schedule 2 as a Source Account or Header Account.