Accumulation Account definition

Accumulation Account. The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.
Accumulation Account means each account designated as such, established and maintained pursuant to Section 2.3(j) of the Administration Agreement.
Accumulation Account means the separate account(s) established for each Participant. The current value of a Participant's Accumulation Account includes all Plan Contributions, less expense charges, and reflects credited investment experience.

Examples of Accumulation Account in a sentence

  • Amortization Period Only ** Revolving Period Only *** Includes amounts on deposit in the Accumulation Account immediately preceding the Distribution Date.

  • During the Controlled Accumulation Period, Available Principal Collections deposited to the0.00Principal Accumulation Account pursuant to Section 4.4(c)(i),(ii) iii.

  • Collections and Distributions Collections* Amortization Period Only ** Revolving Period Only *** Includes amounts on deposit in the Accumulation Account immediately preceding the Distribution Date.

  • Not later than 12:00 noon, New York City time, on such day Transferor shall deposit into the Distribution Account in immediately available funds the excess of the Redemption Amount over the amount, if any, on deposit in the Principal Accumulation Account.

  • Indenture Trustee at all times shall maintain accurate records reflecting each transaction in the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account.


More Definitions of Accumulation Account

Accumulation Account means the accumulation account held with the Accumulation Account Bank.
Accumulation Account. The account designated as such, established and maintained pursuant to Section 5.01(a)(iv) of the Servicing Agreement.] [Accumulation Amount: For any Distribution Date during the Revolving Period, the aggregate amount on deposit in the Accumulation Account.] Act: An Act as specified in Section 11.3(a) of the Indenture.
Accumulation Account means the account maintained under this contract comprising all Accumulation Units effected hereunder and any Net Deposit not yet applied to effect Accumulation Units.
Accumulation Account means the account maintained on the books of the Bank for each Participant with respect to the Plan. Each Participant’s Accumulation Amount shall consist of the following sub-Accounts: (i) a Stock Units Account, a sub-account that is credited with Stock Units; and (ii) such other sub-accounts as may be necessary to reflect allocations under the Plan and such further sub-Accounts as the Committee may deem necessary. The Stock Units Account (i) may not be diversified; (ii) must remain at all times credited with units that represent Company Common Stock; and (iii) must be distributed solely in the form of Company Common Stock. A Participant’s Accumulation Account shall be utilized solely as a device for the measurement and determination of any benefits payable to the Participant pursuant to this Plan. A Participant shall have no interest in his Accumulation Account, nor shall it constitute or be treated as a trust fund of any kind.