Account Current definition

Account Current means an account or accounts maintained by the Mortgagee, in accordance with its usual practice, evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. Such account or accounts shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Owner to the Mortgagee under the Security Documents and any certificate from the Mortgagee as to the amount owing by the Owner under the Security Documents shall be conclusive in the absence of manifest error, and the sum specified in any such certificate shall be the certain and liquidated sum owing by the Owner to the Mortgagee; and
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Account Current means an account or accounts maintained by the Security Agent, in accordance with its usual practice, evidencing the amounts from time to time lent by, owing to and paid to it under the Finance Documents. Such account or accounts shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Owner to the Security Agent and/or the Finance Parties under the Finance Documents and any certificate from the Security Agent as to the amount owing by the Owner under the Finance Documents shall be conclusive in the absence of manifest error, and the sum specified in any such certificate shall be the certain and liquidated sum owing by the Owner to the Security Agent; and
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Account Current means, as used in this Deed and in the Mortgage, an account which shall be kept by the Owner with the Mortgagee and to which the Mortgagee, shall (without demand or notice) debit the whole of the Secured indebtedness) and shall be deemed to include any and all accounts whatsoever now or from time to time kept by the Owner with the Mortgagee;
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Examples of Account Current in a sentence

  • The Individual Account Current Value is calculated as of the date the partial withdrawal request is received in good order at Aetna's Home Office.

  • Any outstanding loans from the Individual Account are excluded when calculating the Individual Account Current Value.

  • See “Total Disbursements from Payroll Account Current Period” ** It has been determined that prior year tax liabilities have been applied to tax receivable due from the State of Delaware.

  • All work in connection with the compilation of the monthly Revenue and Capital accounts current of the Railway Board’s Office, including receipt and issue of lists of transfer transactions, their reconciliation with the Railways/Units and the compilation of monthly Approximate Account Current.

  • A minimum Individual Account Current Value may be required to elect an SDO.

  • See “Total Disbursements from Payroll Account Current Period” ** The State of Delaware is requesting additional information from the Debtor as the Debtor changed its methodology from the authorized share method to the capital method (using gross assets).

  • With the Systematic Withdrawal Option (SWO) a portion of the Individual Account Current Value is automatically distributed each year without incurring a Withdrawal Fee.

  • Estate Conservation Option (ECO) Under ECO, a portion of the Individual Account Current Value is automatically withdrawn and paid to the Participant.

  • With the Estate Conservation Option (ECO) a portion of the Individual Account Current Value is automatically surrendered and distributed each year without incurring a Withdrawal Fee.

  • On 5 September 2007, following initial consultation on the application, the County Council requested additional information in support of the application under Regulation 19 (1), (2) and (10) of the EIA Regulations.


More Definitions of Account Current

Account Current shall contain the information shown on the attached sample Account Current (Schedule IV). The weekly data transmission shall contain the information specified on Schedule V for each such policy. In the event circumstances outside of PA's control result in the delayed issuance of a material number of Program renewal policies and thereby result in the inclusion of such premiums in the Account Current of PA for a month subsequent to the effective month, PA shall notify AHI of such event and request the consent of AHI for the payment of such premiums along with the payment of the Account Current in which such premiums are included. AHI shall not unreasonably withhold such consent.
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Related to Account Current

  • Payment Currency has the meaning given in Clause 21.4;

  • Agreement Currency has the meaning specified in Section 10.19.

  • Settlement Currency means Pounds sterling ("GBP").

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • Judgment Currency has the meaning specified in Section 10.19.

  • Net Current Assets means for any date of determination the net current assets of such Person at such date of determination calculated as set forth on Exhibit H attached hereto.

  • First Currency has the meaning specified in Section 1.15.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Second Currency has the meaning specified in Section 14.19.

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Other Currency has the meaning specified in Section 1.15.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Termination Currency means United States Dollars.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Threshold Event Cure shall have the meaning assigned to such term in Section 5(g).

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Required Currency has the meaning specified in Section 1.16.

  • Established place of business means the place actually occupied either continuously or at regular periods by a dealer or manufacturer where the books and records are kept and the dealer’s or manufacturer’s business is primarily transacted.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Applicable Creditor has the meaning assigned to such term in Section 9.14(b).