Account Pool definition

Account Pool means an agreed group of Accounts held in the same customer name.
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Examples of Account Pool in a sentence

  • However, any policy other than substandard rating of 300% and over may be placed in the Special Account Pool.

  • The costs associated with the report of independent auditors shall be a Pool Expense as contemplated in paragraph (c) of the definition of “Pool Expenses” in Section 1.1, responsibility for the payment of which, as among the Account Pool Owners, shall be determined in accordance with Section 3.8. The Servicer shall provide each Rating Agency with a copy of such report.

  • All parties hereto shall execute such further assurances from time to time as shall be necessary or advisable to vest in each Account Pool Owner the respective undivided co- ownership interests of each of them in the Account Assets.

  • Each payment made to the Custodian pursuant to Section 6.7(1) shall be considered to have been made by the Account Pool Owners from Collections and/or Transfer Deposits.

  • For greater certainty, Pool Expenses shall not be considered to be amounts relating to the servicing of the Receivables by the Servicer and therefore Account Pool Owners shall be allocated and be responsible for the respective portions of Pool Expenses set forth in Section 3.8.

  • It is understood and agreed by the Custodian, on the one hand, and the Account Pool Owners, on the other hand, that the relationship between them is that of agent/bailee and principal/▇▇▇▇▇▇ and that this Agreement does not create, and should not be construed as creating, any trust.

Related to Account Pool

  • 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;

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account has the meaning provided in Section 6.13(c).