Holding Account. (a) Prior to the Delivery Date, Seller shall (i) register with the Executive Officer in accordance with the Cap-and-Trade Regulations, (ii) obtain Executive Officer approval of such registration, and (iii) obtain a Holding Account (“Seller’s Holding Account”) from and into which the Product may be transferred, which account Seller shall maintain until the end of the Delivery Term for all Transactions.
Holding Account. (a) Upon the instructions of the Manager, the Trustee shall establish and maintain a segregated Trust Account in the name of the Trustee designated as the “Holding Account”.
Holding Account. 16.8. A Holding Account will be opened for you if you have a Fixed Rate Deposit Account that has matured and you have not provided us with maturity instructions to withdraw or reinvest the funds in your Fixed Rate Deposit Account.
Holding Account. All funds allocated by the Parties for Phase II of the Program will be deposited in a segregated holding account (the “Account”), which UTA created pursuant to the Phase I Agreement and will manage solely for the purposes of the Program pursuant to this Agreement and any further agreement of the Parties. The Account will be interest-bearing with all interest accruing to the Account to be used solely for payment of Program-related expenses. The Account may receive funds from the Parties and third party contributors, as approved by the Executive Board, and in accordance with UTA policies. UTA shall pay Program expenditures first from the funds appropriated by the State of Utah. Once the State of Utah funds are expended, UTA shall pay Program expenditures from the commingled funds contributed by the remaining Parties and any third party contributors. UTA shall provide financial information to the Program Manager to issue a quarterly statement of contributions received, interest earned, invoices paid and current balance of the Account for Party and public review. UTA agrees to make all financial records associated with the Account available to any Party or third party contributor upon request. The Account may be audited at the request of any Party or third party contributor at the requestor’s own expense.
Holding Account. The Holding Account is part of our General Account and is credited interest daily at an effective annual rate not less than the Guaranteed Minimum Holding Account Interest Rate shown on the Contract Schedule. The Holding Account is not an Allocation Option that you can allocate your Purchase Payment or Account Value into. The Holding Account is limited to Account Value transfers as defined in the Addition or Discontinuance of a Shield Option or available by any applicable rider. The Company reserves the right to change the Holding Account Interest Rate, but it can never be lower than the Guaranteed Minimum Holding Account Interest Rate shown on the Contract Schedule. Any amounts transferred by us into the Holding Account will be transferred to Shield Option(s) and/or any other Allocation Options included by rider as directed by you on the next Contract Anniversary. Any amounts in the Holding Account will be included in your Account Value.
Holding Account. Metis maintains a non-interest bearing Holding Account to hold monies temporarily where it is not possible to invest new Contributions and switch proceeds immediately into the target Asset Choice, due to dealing frequency or time lag between Asset Switching. We will use reasonable endeavors to allocate the relevant Units to the Plan Account as soon as possible. The Holding Account is under custody by our custodian Bank.
Holding Account. (a) In this Clause 7.8, Clause 7.9 (Prepayment Account) and Clause 7.10 (Application of Proceeds):
Holding Account. (a) On or before the first Drawdown Date, the Borrowers shall cause to be established in the name of the Borrowers for the benefit of the Lender an account and lock box (the "Holding Account" and the "Lock Box") at the Houston, Texas office of The Frost National Bank pursuant to the Holding Account Agreement. The Borrowers shall instruct all of their customers and account debtors to make all payments to the Lock Box or the Holding Account of all accounts receivable of the Borrowers, including but not limited to Earnings as defined in the Security Agreement. Any payments received directly by the Borrowers from their customers or account debtors will be deposited immediately in the Holding Account. Until an Event of Default shall have occurred, the Borrowers shall have the right to transfer from the Holding Account any amounts in the Holding Account. After an Event of Default shall have occurred all amounts in the Holding Account may be applied by the Lender in payment of any amounts due and outstanding under this Agreement or the Note.
Holding Account. An account that holds each Purchase Payment or transfer amount pending investment in a Risk Control Account(s). The Holding Account cannot be elected as an Investment Option. The Holding Account is part of our Variable Separate Account money market Fund option. Index, Indices. The Index used to determine the rate of return as part of the Accumulation Credit Factor calculation for a Risk Control Account. The applicable Index for each Risk Control Account available on the Contract Issue Date is shown in Section 1.04.
Holding Account. If Delivered Transfer Water Storage Component has been credited as Component 4 Water under Section 7.2.4 or Section 7.3 of this exhibit, and if DWR has not committed to pay for some or all of the credited Component 4 Water under the option provisions of this Agreement, then the uncommitted portion of Component 4 Water will be addressed in the following manner:
