115 Account definition

115 Account means a 115 account “capital contribution without issue of shares” of the Luxembourg Standard Chart of Accounts.
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Examples of 115 Account in a sentence

  • The Borrower intends to pay approximately 15% of the Settlement Price (i.e. USD 63,500,000.00) in cash, which amount shall be financed by a contribution to the Company’s 115 Account (the 115 Contribution) from the Aerodrome Shareholders (as defined herein) in proportion to their ownership interest in the Company, and will finance approximately 85% of the Settlement Price (i.e. USD 352,105,666.38) (such amount, the FIL Receivable), through a loan from the affiliated company Fintech Investments Ltd.

Related to 115 Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.