Shareholders' Accounts Sample Clauses

Shareholders' Accounts. Any amounts owed by Shareholders to the Company, as set forth on Schedule 2.1.19, shall have been paid to the Company, and any amounts owed by the Company to its shareholders, as set forth in Schedule 2.1.19, shall have been canceled, and there shall be no other amounts receivable from or payable to the Shareholders by the Company, other than for compensation for the current pay period coming due in the ordinary course of business.
Sample 1
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Shareholders' Accounts. The Authorized Members shall maintain separate capital and distribution accounts for each Managing Member. Each Managing Member’s capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-l(b)(2)(iv) and shall consist of his initial capital contribution increased by:
Sample 1
Shareholders' Accounts. On the Closing Date, NECG shall purchase from each Seller, at the Loan Purchase Price, the Shareholder's Account (if any) that each such Seller has extended to the Company, in accordance with the loan purchase agreement substantially in the form attached as Exhibit 2.1(c) (the "Loan Purchase Agreement").
Sample 1
Shareholders' Accounts. Any amounts owed by Shareholders to the Company, as set forth on Schedule 2.1.19, shall have been paid to the --------------- Company, and any amounts owed by the Company to its shareholders, as set forth in Schedule 2.1.19, shall have been canceled, and there shall be no other --------------- amounts receivable from or payable to the Shareholders by the Company, other than for compensation for the current pay period coming due in the ordinary course of business; provided, however, that (i) the $28,412 payable to the Company from Xxxx Xxxxxxxx and the $14,674 payable to the Company from Xxxx Xxxxxxxx arising from the Company's payment of the premium on life insurance owned by each such Individual Shareholder on the life of the other Individual Shareholder need not be repaid to the Company; and (ii) Buyer shall have no obligation to make any further premium payments on such insurance policies or to make any payments to the Individual Shareholders in respect of the federal income tax payable by the Individual Shareholders arising from such premium payments by the Company.
Sample 1

Related to Shareholders' Accounts

  • Shareholder Accounts In connection with the establishment of Shareholder accounts, JHSS shall:

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Omnibus Accounts The Custodian may hold Foreign Securities and related Proceeds with one or more Foreign Sub-custodians or Eligible Securities Depositories in each case in a single account with such Sub-custodian or Securities Depository that is identified as belonging to the Custodian for the benefit of its customers; provided however, that the records of the Custodian with respect to Securities and related Proceeds that are property of the Company maintained in such account(s) shall identify by book-entry those Securities and other property as belonging to the Company.

  • 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.

  • Management Accounts The Management Accounts:

  • Shareholder Account The Transfer Agent shall cause each Sub-transfer Agent to apply the foregoing rule to each Sub-shareholder Account based on the records maintained by such Sub-transfer Agent; provided, that until the Sub-transfer Agent in respect of the ML Omnibus Account develops the data processing capability to conform to the foregoing requirements, such Sub-transfer Agent shall apply the foregoing rules to each Sub-shareholder Account with respect to the Date of Original Purchase of any Commission Share as though each such date were a separate Month of Original Purchase.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • 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;

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