Xxxxx Accounts Sample Clauses

Xxxxx Accounts. A. Has the subscribing entity been formed for the specific purpose of investing in the Shares? YES |_| NO |_| If your answer to question A is "No" CHECK whichever of the following statements (1-3) is applicable to the subscribing entity. If your answer to question A is "Yes" the subscribing entity must be able to certify to the statement (3) below in order to qualify as an "accredited investor". The undersigned trustee certifies that the trust is an "accredited investor" because: _______1) the trust has total assets in excess of $5,000,000 and the investment decision has been made by a "sophisticated person"; OR _______2) the trustee making the investment decision on its behalf is a bank (as defined in Section 3(a)(2) of the Act), a saving and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act, acting in its fiduciary capacity; OR _______3) the undersigned trustee certifies that the trust is an accredited investor because the grantor(s) of the trust may revoke the trust at any time and regain title to the trust assets and has (have) retained sole investment control over the assets of the trust and the (each) grantor(s) meets at least one of the following conditions described above under INDIVIDUAL ACCREDITED INVESTOR STATUS. Please also CHECK the appropriate space in that section. _______4) the undersigned trustee certifies that the trust is an accredited investor because all of the beneficial owners of the trust are accredited investors (NOTE: FOR EACH GRANTOR AN INCOME STATEMENT MUST BE COMPLETED)
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Xxxxx Accounts. With respect to Deposits that are Xxxxx Accounts created by a trust for the benefit of employees and that comply with the provisions of section 401 of the Code (“Xxxxx Accounts”), Seller will use reasonable efforts and cooperate with Buyer to invite depositors thereof to direct a transfer of each such depositor’s Xxxxx Account and the related Deposit to Buyer, as custodian thereof, and to adopt Buyer’s Branch Purchase and Assumption Agreement form of Xxxxx master plan as a successor to Seller’s Xxxxx master plan. Buyer will assume no Deposits that are Xxxxx Accounts unless Buyer has received the documents necessary for such assumption or transfer at or before the Closing. With respect to any Depositors who do not transfer such Xxxxx Accounts to Buyer’s form of Xxxxx master plan, Seller will use reasonable efforts in order to enable Buyer to retain such Xxxxx Accounts at the Branch.
Xxxxx Accounts. We may require any account established by a minor to be a multiple party account (joint account) with an account owner who has reached the age of majority under Michigan law and who shall be jointly and severally liable to us for any unauthorized usage or fraudulent acts, returned items, overdrafts, fees or other unpaid charges, losses, obligations or amounts on such account. We may pay funds directly to a minor without regard to his or her minority. Unless a guardian, parent, or other individual is an account owner, the guardian, parent, or other individual shall not have any account access rights. We have no duty to inquire about the use or purpose of any transaction. We will not change the account status when the minor reaches the age of majority, unless authorized in writing by all account owners and such notice shall not become effective until ten (10) days after it is received by the Credit Union, and will have no effect on transactions prior to the date that the notice is effective.
Xxxxx Accounts. If client is a plan subject to the Employee Retirement Income Security Act of 1974 (“ERISA”), Primerica Advisors acknowledges that it is a “fiduciary” as that term is defined under ERISA with respect to those assets in the Program Account of client with respect to which Primerica Advisors acts as “fiduciary” as that term is defined under ERISA, and client acknowledges such status of Primerica. If client is a retirement plan subject to ERISA, client agrees to add a clause to the fidelity bond required by law that provides coverage for agents employed by it. This clause shall cover Primerica Advisors, and any of its officers, directors, employees and investment adviser representatives. If a Program Account is subject to ERISA, you represent that: (1) you are a “named fiduciary” within the meaning of ERISA with respect to the control or management of the assets of the Program Account and have authority to appoint other parties as fiduciaries with respect to the Program Account (as applicable); and (2) if the assets in the Program Account represent a portion of the assets of an employee benefit plan as defined in Section 3(3) of ERISA (“Plan”), you will remain responsible for determining an appropriate overall investment policy and diversification and liquidity policy for the assets of such Plan. If the Program Account is a Plan, you represent and warrant that you will deliver to Primerica upon request an accurate and complete copy of all documents governing the administration of the Plan and the investment of Plan assets (“Plan Documents”) and that overall investment strategy, specific Portfolio objectives and investment restrictions (as applicable), which you hereby approve, accurately and completely set forth any limitations or restrictions with respect to Plan investments which are contained in the Plan Documents.
Xxxxx Accounts. 47 SECTION 8.03.[Reserved].........................................................................................48 SECTION 8.04.General Provisions Regarding Accounts..............................................................48 SECTION 8.05.Release of Trust Estate............................................................................49 SECTION 8.06.
Xxxxx Accounts. 46 SECTION 8.03.[Reserved]...............................................................................46 SECTION 8.04.
Xxxxx Accounts. 47 Section 8.03.Officer's Certificate..................................47 Section 8.04.Termination Upon Distribution to Noteholders...........48 Section 8.05.Release of Trust Estate................................48 Section 8.06.Surrender of Notes Upon Final Payment..................48 ARTICLE IX
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Xxxxx Accounts. With respect to Deposits that are Xxxxx Accounts created by a trust for the benefit of employees and that comply with the provisions of section 401 of the Code (“Xxxxx Accounts”), Seller will use reasonable efforts and cooperate with Purchaser to invite depositors thereof to direct a transfer of each such depositor’s Xxxxx Account and the related Deposit to Purchaser, as custodian thereof, and to adopt Purchaser’s form of Xxxxx master plan as a successor to Seller’s Xxxxx master plan. Purchaser will assume no Deposits that are Xxxxx Accounts unless Purchaser has received the documents necessary for such assumption or transfer at or before the Closing. With respect to any depositors who do not transfer such Xxxxx Accounts to Purchaser’s form of Xxxxx master plan, Seller will use reasonable efforts in order to enable Purchaser to retain such Xxxxx Accounts at the Eagle Pass Branch.
Xxxxx Accounts. (a) On or before the issuance of the Certificates, Xxxxxx Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee that shall collectively be the Lower Tier Trust Account and one or more trust accounts in the name of the Trustee that shall collectively be the Upper Tier Trust Account, (ii) for so long as the Trustee shall be Xxxxxx Xxx, in lieu of maintaining any such account or accounts, maintain each of the Lower Tier Trust Account and the Upper Tier Trust Account by means of appropriate entries on its books and records, designating all amounts credited to the Lower Tier Trust Account in respect of the Mortgage Loans and all other assets held by the Lower Tier REMIC and all amounts credited to the Trust in respect of the Lower Tier Regular Interests held by the Trust, in each case, in its capacity as Trustee for the benefit of the Holders of the Certificates or

Related to Xxxxx Accounts

  • Deposits to Lock-Box Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Pool Receivables.

  • 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).

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

  • 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.

  • 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.

  • User Accounts End User shall ensure that only Authorized Users can access the Services. User accounts may not be shared among individuals or used to provide access to the Services to individuals who are not the individual associated with the corresponding user account.

  • Checking Accounts The Credit Union may refuse any check or other item drawn against your account or used to withdraw funds from your account if it is not on a form approved by us. We also reserve the right to refuse any check or other item drawn against your account or used to withdraw funds from your account if made in a manner not specifically authorized for your account, if made more frequently or in a greater number than specifically permitted for your account, or if made in an amount less than the minimum withdrawal or transfer specifically permitted for your account. If we accept a check or other item not on a form approved by us, you will be responsible for any loss by us in handling the item. We may pay checks or other items drawn upon your account in any order determined by us, even if paying a particular check or item results in an insufficient balance in your account to pay one or more other items that otherwise could have been paid out of your account. Because of the nature of the Credit Union check program, neither the Credit Union nor any other processing entities shall be responsible for the authenticity of the checks with regard to the signature or alterations; and checks, when presented, shall be paid without verification. We may disregard all information on or any writing or memorandum attached to any check or item except for your signature, the amount and the information that is magnetically encoded. You agree that we do not fail to use ordinary care because our procedures do not provide for sight examination. You will notify us immediately if you learn or have reason to know that any of your checks have been lost or stolen. If you are negligent in safeguarding your checks or if there is a processing problem due to your use of a check printer we do not approve, we will not have any liability or responsibility for any losses you incur as a result if we act in good faith pursuant to standard commercial practices.

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.

  • Operating Accounts (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

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