Alternative Account definition

Alternative Account means a deposit account, an investment account, a money market account or another type account, in the name of the Borrower, subject to a Control Agreement and designated by the Borrower to the Administrative Agent as the “Alternative Account”.
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Alternative Account means a bank account opened in the name of the Mortgages Trustee (other than the Mortgages Trustee GIC Account), subject to the terms set out in CLAUSE 7.3 of the Bank Account Agreement;
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Alternative Account means an account arising from an Alternative ------------------- Program.
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Examples of Alternative Account in a sentence

  • Notwithstanding anything to the contrary in this Agreement or any Loan Document, and for the avoidance of doubt, (I) any applicable Alternative Premium shall be a lump sum payment and shall not accrue as a percentage of the Term Loans or Obligations like interest, and (II) no Alternative Account Holding Without Use Fee shall be applicable, owed, due, payable or paid by the Borrower or any of its Subsidiaries when an Alternative Premium is applicable, owed, due, payable or paid.

  • The Alternative Account Formula is (A + B) ÷ 120, where A = the Participant’s Alternative Points times 1% of his Final Average Compensation up to $48,000; and B = the Participant’s Alternative-PLUS Points times 1% of his Final Average Compensation in excess of $48,000.

  • If the assignment, transfer and conveyance of the Receivables in Eligible Alternative Account is determined to be a sale of general intangibles, then, assuming the applicability of Massachusetts law the Assignment is effective to transfer the Transferor's interest in the Receivables in Eligible Alternative Accounts.

  • Upon receipt of Proper Instruction, in its role as Primary Account Representative, the Custodian shall participate in transfers on the CITSS system by (i) when the Fund is the transferring entity, approving on CITSS a proposed transfer request within two days of a proposal initiated by an Alternative Account Representative on behalf of the Fund; and (ii) when the Fund is the receiving entity, accepting on CITSS a transfer within three days of a proposal initiated by a counterparty.

  • As the Alternative Account Executive, ▇▇▇▇▇▇ will serve to bring all of DMS’ questions or concerns to a positive resolution.

  • If you do not affirmatively object to the transfer of the funds underlying your Account to the Alternative Account within the Notice Period, you will be deemed to have consented and directed Broker (or its assignee) to direct Deposit Bank to facilitate the transfer.