Additional Accounts Clause Samples
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Additional Accounts. Lincoln Life may from time to time designate (i) one or more additional investment companies or separate accounts to constitute Funds or Separate Accounts, as the case may be, for all purposes of this Agreement, or (ii) one or more newly established sub-accounts of any Separate Account. Such designation shall be:
(a) subject to Delaware's consent, which shall not be unreasonably withheld; provided, that such consent shall be considered to be unreasonably withheld if Delaware does not make reasonable efforts to accept such new investment companies, separate accounts and sub-accounts, which efforts shall include, but not be limited to, reasonable consideration of the expansion of Delaware's infrastructure to handle such new investment companies, separate accounts and sub-accounts; and
(b) evidenced by a writing executed by Lincoln Life, Delaware and, if applicable, each such investment company, setting forth the name of such investment company, separate account or new sub-account, the applicable rate under the Fee Schedule that shall apply to the Accounting Services for such investment company, separate account or new sub-account, the effective date of the designation thereof as a Fund, Separate Account or new sub-account, and any other matters the parties wish to include. Notwithstanding clause (b) of the preceding sentence, if Delaware's performance of the Accounting Services for such additional Funds, Separate Accounts, or sub- accounts of such Separate Accounts would, in Delaware's reasonable opinion, result in higher costs than the costs Delaware incurs for providing the Accounting Services to the current Accounts, then the affected parties hereto shall negotiate in good faith an addendum to the Fee Schedule for such additional Funds, Separate Accounts and sub-accounts and Delaware shall not be deemed to have unreason ably withheld its consent under clause (b) of this Section 5.1 until such addendum has been agreed to. Except as otherwise specified in such writing, from and after such effective date, Delaware shall provide to such Fund, or to Lincoln Life with respect to a Separate Account or new sub-account, the same Accounting Services as are specified in the Cutover Schedule with respect to the other Funds, Separate Accounts or sub-account of a Separate Account, as the case may be.
Additional Accounts. I/We may open more than one MGIA provided that each separate MGIA is distinctly identifiable in the manner as the Bank shall require. The Agreement shall be binding on me/us and applicable to all MGIA or MGIAs now or at any time hereafter from time to time to be opened by me/us with you.
Additional Accounts. (a) If the Purchaser becomes obligated to designate Supplemental Accounts pursuant to Section 2.09(a)(i) of the Transfer and Servicing Agreement, then the Purchaser may, at its option, give the Seller written notice thereof on or before the tenth Business Day (each, an “Addition Notice Date”) prior to the Addition Date therefor, and upon receipt of such notice the Seller shall on or before the Addition Date, designate sufficient Eligible Accounts to be included as Supplemental Accounts so that after the inclusion thereof the Purchaser will be in compliance with the requirements of Section 2.09(a)(i) of the Transfer and Servicing Agreement. Additionally, subject to Sections 2.09(b) and (c) of the Transfer and Servicing Agreement and Section 2.02(b) hereof, the Seller may from time to time designate Eligible Accounts to be included as Supplemental Accounts, upon the mutual agreement of the Purchaser and the Seller. In either event, the Seller shall have sole responsibility for selecting such Supplemental Accounts.
(b) On the Addition Date with respect to any designation by the Seller of Eligible Accounts to be Supplemental Accounts pursuant to Section 2.02(a), the Purchaser shall purchase the Seller’s right, title and interest in, to and under the Receivables in such Supplemental Accounts (and such Receivables shall be deemed to be Receivables) and the related Purchased Assets, subject to the satisfaction of the following conditions on such Addition Date:
(i) all such Supplemental Accounts shall be Eligible Accounts as of the Addition Cut-Off Date;
(ii) the Seller shall have delivered to the Purchaser copies of UCC-1 financing statements covering such Supplemental Accounts, if necessary to perfect the Purchaser’s interest in the Receivables arising therein and the related Purchased Assets;
(iii) to the extent required of the Purchaser by Section 2.09(c) of the Transfer and Servicing Agreement, the Seller shall have transferred to the Servicer for deposit in the Collection Account all Collections with respect to such Supplemental Accounts since the Addition Cut-Off Date;
(iv) as of each of the Addition Cut-Off Date and the Addition Date, no Insolvency Event with respect to the Seller shall have occurred nor shall the transfer of the Receivables arising in the Supplemental Accounts to the Purchaser have been made in contemplation of the occurrence thereof;
(v) the Rating Agency Condition shall have been satisfied with respect to such Additional Account;
(vi) t...
Additional Accounts. Schwab has the right to open additional Accounts from time to time to accommodate other investment options and features, and to consolidate existing accounts if and when appropriate to meet the needs of the MFMP. In the event that it is necessary for Schwab to open an account with a Fund for the payment of distributions in cash, the term “Account” shall mean both the account for the reinvestment of capital gains and dividend distributions and the account for the payment of distributions in cash. Fund Company agrees that it will not establish additional accounts for Schwab without ▇▇▇▇▇▇’▇ prior written instruction.
Additional Accounts. In the event that the Insurance Company desires to have State Street render investment accounting and recordkeeping services for additional accounts under the terms hereof, it shall so notify State Street in writing, and if State Street agrees to provide such services, each such account shall become an Account hereunder. Under no circumstances will the rights, liabilities, obligations or remedies with respect to a particular Insurance Company constitute a right, liability, obligation or remedy applicable to any other Insurance Company. The use of this single document to memorialize the separate agreement as to each Insurance Company is understood to be for clerical convenience only and will not constitute any basis for joining any other Insurance Company for any reason. Unless the context otherwise requires, with respect to every transaction covered hereby, every reference herein to the Account is deemed to relate solely to the particular Account to which such transaction relates.
Additional Accounts. Citibank and the Additional Sellers shall at all times ensure that they retain the ownership of the Receivables arising in, and the right to transfer to the Trust the Receivables arising in, Eligible Accounts which include Principal Receivables sufficient to enable Citibank and the Additional Sellers to meet the Sellers’ obligation to designate Additional Accounts in accordance with Section 2.09(a). In furtherance of the foregoing, Citibank agrees not to transfer, assign, exchange or otherwise pledge or convey any “VISA,” “MasterCard” or “American Express” revolving credit card account or the Receivables therein (other than any transfer, assignment, exchange, pledge or conveyance of Receivables to the Trust pursuant to this Agreement) if as a result of such pledge or conveyance, the principal receivables owned by the Sellers in such “VISA,” “MasterCard” or “American Express” revolving credit card accounts at such time would be reduced to less than $50,000,000.
Additional Accounts. The Company may maintain additional accounts for each Person owning a Membership Interest having Financial Rights to reflect the equity shown on the Company’s financial statements, to record such Person’s basis for income tax purposes, or for any other purpose.
Additional Accounts. In addition to the Holding Account, the General Account, the Distribution Account and the VAT Account, the Trustee may open and maintain other Trust Accounts (each an “Additional Account”) in Pesos or Dollars, as may be instructed in writing by the Manager from time to time.
Additional Accounts. Borrowers shall not, directly or indirectly, open, establish or maintain any deposit account, investment account, credit card or check processing account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Agent and subject to such conditions thereto as Agent may establish and (b) as to any accounts used by Borrowers to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Agent.
Additional Accounts. 10.1 Additional Accounts may be opened in the name/s of individual/s as nominated and authorised by you. These individuals are called additional accountholders and will be issued with cards in their name/s.
10.2 The additional account will be allocated its own credit limit.
10.3 We will send the additional accountholder monthly statements in respect of the additional account.
10.4 Transactions made by the additional accountholder with the card, and interest and fees and charges relating to the additional card, will be debited to the additional accountholder's account.
10.5 Both you and the additional accountholder will be jointly and individually liable as co-principal debtors for all amounts owed on the additional account. This means that we may recover the full amount owed to us on the additional account from you and/or the additional accountholder.