Commingled Accounts Sample Clauses

Commingled Accounts. The Security Provider's Eligible Collateral may be held by the Custodian in an omnibus account at a Depository, along with the securities of other customers of the Custodian and will be treated as fungible with all other securities of the same issue held in such account by the Custodian with such Depository. This means that the redelivery rights of the Security Provider in respect of the Eligible Collateral are not in respect of the Eligible Collateral actually deposited with the Custodian from time to time but rather in respect of Eligible Collateral of the same number, class, denomination and issue as the Eligible Collateral originally deposited with the Custodian in the GIC Collateral Custody Account from time to time. Such Depository may then hold the Security Provider’s Eligible Collateral in an omnibus account with a third party that it engages (“third party”). If the Depository defaulted, and held less securities than it should for the benefit of all of its custody clients, there may be a shortfall. Any shortfall may then have to be shared pro rata among all clients whose securities are held by that and the Security Provider may not receive its full entitlement. As a result, in the event of the default of such Depository, there is a risk that not all Eligible Collateral deposited by the Custodian with the Depository will be returned to the Custodian where there is a shortfall at the Depository. In addition, in certain markets, it may not be possible under national law for securities belonging to the Security Provider and held by a Depository or third party to be separately identifiable from the proprietary assets of that Depository or third party (or the Custodian, where the Custodian is a client of the relevant Depository or third
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Commingled Accounts. Custodian may permit a Sub-Custodian to commingle the Securities of Client with Securities of other sub-custodial accounts held by the Sub-Custodian for the account of Custodian and other customers of the Sub-Custodian; provided however, that under no circumstances shall any such sub-custodial account
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Commingled Accounts. Seller hereby agrees promptly upon receipt to transfer, or cause to be promptly transferred, to Buyer all amounts received by Seller or its affiliates which represent proceeds of Purchased Accounts Receivable. Such amounts shall be transferred by wire transfer in immediately available funds, free of any and all claims, liens and other encumbrances to an account designated by Buyer.
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Commingled Accounts. No Seller Entity will permit funds in any Collection Account to be subject to any Lien, attachment or encumbrance (other than Permitted Liens). If, notwithstanding the foregoing, any funds are deposited into any Collection Account that are subject to a Lien, attachment or encumbrance (other than Permitted Liens), the related Originator shall promptly (but in any event within one (1) Business Day after identification and deposit) remove such funds from the Collection Account.
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Commingled Accounts. The depository accounts of Century K or NSA into which proceeds of Commingled Receivables are deposited.
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Commingled Accounts. The valuation date of the Trust Fund will be the date or dates elected in the Adoption Agreement, which valuation dates shall be at least annually. As of each valuation date, the Plan Administrator will determine the value of the assets at their then current fair market value, subtract all liabilities and the cash value of any life insurance contracts purchased on behalf of Participants, if any, and add the value of contributions by the Employer and all Participants for the period. Earnings, losses, and changes in fair market value will be allocated to Participant Accounts in the ratio that the adjusted total dollar value of each Account bears to the aggregate adjusted dollar value of all Accounts as of the last previous valuation date. The value of any Account that becomes distributable will be the value of the Account as of the valuation date immediately preceding the distribution. The dollar value of each Account will be adjusted by taking into account any withdrawals by or distributions to the Participant, any premiums paid on individual insurance contracts during the period since the last valuation date, and the cash value of any insurance contracts. The Plan Administrator will be under no obligation to compute the value of any Participant's Accounts more often than as of each valuation date. If contributions made to the Plan prior to a valuation date are segregated from other Trust assets, each Participant will be credited with the Participant's proportional share of any earnings on such segregated contributions in the ratio that such segregated contributions made on the Participant's behalf bears to the total segregated contributions on behalf of all Participants.
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Related to Commingled Accounts

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Controlled Accounts Each of the parties hereto hereby agrees that (i) each Controlled Account is intended to be a “securities account” or “deposit account” within the meaning of the UCC and (ii) except as otherwise expressly provided herein and in the Collection Account Agreement or Unfunded Exposure Account Agreement, as applicable, prior to the delivery of a notice of exclusive control, the Borrower, the Servicer and the Trustee (acting at the direction of the Agent) shall be entitled to exercise the rights that comprise each Financial Asset held in each Controlled Account which is a securities account and have the right to direct the disposition of funds in any Controlled Account which is a deposit account; provided that after the delivery of a notice of exclusive control, such rights shall be exclusively held by the Trustee (acting at the direction of the Agent). Each of the parties hereto hereby agrees to cause the securities intermediary that holds any money or other property for the Borrower in a Controlled Account that is a securities account to agree with the parties hereto that (A) the cash and other property (subject to Section 6.04(f) below with respect to any property other than investment property, as defined in Section 9-102(a)(49) of the UCC) is to be treated as a Financial Asset under Article 8 of the UCC and (B) regardless of any provision in any other agreement, for purposes of the UCC, with respect to the Controlled Accounts, New York shall be deemed to be the Bank’s jurisdiction (within the meaning of Section 9-304 of the UCC) and the securities intermediary’s jurisdiction (within the meaning of Section 8-110 of the UCC). All securities or other property underlying any Financial Assets credited to the Controlled Accounts in the form of securities or instruments shall be registered in the name of the Bank or if in the name of the Borrower or the Trustee, Indorsed to the Bank, Indorsed in blank, or credited to another securities account maintained in the name of the Bank, and in no case will any Financial Asset credited to the Controlled Accounts be registered in the name of the Borrower, payable to the order of the Borrower or specially Indorsed to the Borrower, except to the extent the foregoing have been specially Indorsed to the Bank or Indorsed in blank.

  • Segregated Account The Custodian shall upon receipt of Proper Instructions from the Fund on behalf of each applicable Portfolio establish and maintain a segregated account or accounts for and on behalf of each such Portfolio, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by the Custodian pursuant to Section 2.10 hereof, (i) in accordance with the provisions of any agreement among the Fund on behalf of the Portfolio, the Custodian and a broker-dealer registered under the Exchange Act and a member of the NASD (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Portfolio, (ii) for purposes of segregating cash or government securities in connection with options purchased, sold or written by the Portfolio or commodity futures contracts or options thereon purchased or sold by the Portfolio, (iii) for the purposes of compliance by the Portfolio with the procedures required by Investment Company Act Release No. 10666, or any subsequent release or releases of the Securities and Exchange Commission relating to the maintenance of segregated accounts by registered investment companies and (iv) for other proper corporate purposes, BUT ONLY, in the case of clause (iv), upon receipt of, in addition to Proper Instructions from the Fund on behalf of the applicable Portfolio, a certified copy of a resolution of the Board of Trustees or of the Executive Committee signed by an officer of the Fund and certified by the Secretary or an Assistant Secretary, setting forth the purpose or purposes of such segregated account and declaring such purposes to be proper corporate purposes.

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Management Accounts The Management Accounts:

  • Operating Accounts (a) Maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates.

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

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