Allocation Account definition

Allocation Account has the meaning set forth in SECTION 2.7(b).

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Allocation Account means the deposit accounts or other accounts designated by the Authority from time to time and controlled by the Allocation Agent, into which all payments from or on behalf of Customers are to be deposited and from which transfers of estimated Charge Collections and Remittance Shortfalls are to be made to the Collection Account and transfers of Estimated Other Payments are to be made to appropriate accounts of the Authority. Initially, the Allocation Account shall refer to the clearing account(s) that have been established by the Authority with ▇.▇. ▇▇▇▇▇▇ Chase Bank.

Allocation Account has the meaning set forth in Section 2.7(b).

Examples of Allocation Account in a sentence

• To the extent that the yield on any Maine CDs is less than the yield on the money market securities in which the assets of the Cash Allocation Account would otherwise be invested, the yield of Portfolios investing in the Cash Allocation Account will be reduced.

• For purposes of determining the Management Fee for any month, Net Assets shall not be reduced to reflect any Management Fee for such month and any accrued Incentive Allocation (as defined in Section 4.05(b)), including any Incentive Allocation that is allocated to the Managing Member's Incentive Allocation Account as of such date, provided that Net Assets shall be reduced for any amounts which have been previously allocated to the Managing Member's Incentive Allocation Account.

• If a Deposit cannot be applied as received, we will credit the Deposit to the Pending Allocation Account until we receive all necessary information.

• If the Deposit cannot be applied as received, we will notify you and credit the Deposit to the Pending Allocation Account until we receive all necessary information.

• Deposits directed to the Pending Allocation Account will not be afforded the same rights as other Deposits under this Contract.

• By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account.

• Except as set forth in clause (c) below, the Servicer further agrees not to make any claim to reduce its obligation to remit or cause to be remitted all Charge Collections collected by it or deposited in the Allocation Account.

• The Servicer shall make or cause payments to the Collection Account or the Allocation Account in accordance with Sections 3.03 and 5.11 and this Annex 2 of the Servicing Agreement.

• If a Remittance Shortfall exists, the Servicer shall cause the Allocation Agent to make a supplemental remittance from the Allocation Account to the Collection Account within two (2) Business Days after such calculation.

• No later than the second Business Day following receipt, the Servicer shall cause all payments by or on behalf of Customers, including all Charge Collections (from whatever source), to be deposited into the Allocation Account.

More Definitions of Allocation Account

Allocation Account means the administrative allocation account for the program, as described in Section 17;

Allocation Account means the deposit accounts or other accounts designated by the Authority from time to time and controlled by the Allocation Agent, into which all payments from or on behalf of Customers are to be deposited and from which transfers of estimated Charge Collections and Remittance Shortfalls are to be made to the Collection Account and transfers of Estimated Other Payments are to be made to appropriate accounts of the Authority. Initially, the Allocation Account shall refer to the clearing account[s] that have been established by the Authority with J.P. Morgan Chase Bank.

Allocation Account has the meaning given to it in the Term Sheet; "Authorisation" means:

Allocation Account means the account maintained by the underwriter in respect of member contributions, together with that portion of the Employer contributions made in terms of the rules applying to retirement benefits.

Allocation Account means: (a) an account with the reference number set out in Item 3 of Schedule 1; or‌ (b) a Consolidated Water Allocation Account, maintained by the Company which records:‌ (c) the crediting, acquiring, debiting and withdrawal of Water Allocation; (d) the crediting, acquiring, debiting and withdrawal of Carryover Units;‌ (e) the usage of Delivery Entitlements for ordering Water Allocation; and (f) Internal Annual Transfers of Delivery Entitlements;‌

Allocation Account see Section 2.14(b).