Anchor Account definition

Anchor Account means the record of money and assets held by the Trustee for an individual Participant, Surviving Spouse or Beneficiary pursuant to the provisions of the Plan, derived from the account balances of the accounts held under the Anchor Plan as of December 31, 1988. The Anchor Account shall consist of sub-accounts corresponding to the various sub-accounts maintained under the Anchor Plan.
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Anchor Account means a deposit account in the name of the Company over which the Lender shall have sole signature authority, established at a depositary institution approved by the Lender and pledged to the Lender as additional security for the Obligations.
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Anchor Account means a virtual account which Sunway has set up, maintained for and granted to the Profile Owner after registration with Sunway as an anchor via the Platform or other means notified by Sunway from time to time that is activated by such authorised person of the Profile Owner in accordance with the Instructions of Sunway and thereafter verified by Sunway, for its Maker,
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Examples of Anchor Account in a sentence

  • If the Anchor Account is established as an interest-bearing account, then all interest earned on the funds deposited therein from time to time shall be reported as interest earned by the Company, and the Company shall be responsible for providing the depositary institution with its federal employer identification number and any other information or documents necessary to earn interest on the deposited funds.

  • If a Participant is reemployed before he incurs a Break in Service of at least five years, the forfeited portion of his Anchor Account and Matching Contribution Account will be reinstated and he will continue to vest in such Accounts.

  • If requested by the Lender, the Company shall execute a blocked account agreement, a lockbox agreement, an account assignment agreement and/or such other documentation as the Lender may require to evidence and perfect its lien, security interest and control over the Anchor Account.

  • The Company shall establish a restricted deposit account in the name of the Company at a depositary institution approved by the Lender, to be known as the "Anchor Account," which shall be assigned to the Lender and for which the Lender alone shall have the authority to withdraw funds.

  • Initial here for Management/Wrap Fee Schedule Anchor Account Strategy  Client agrees to pay two percent (2%) of all assets under management annually devoted to the Anchor Account Strategy, taken monthly on a pro-rata basis.

  • All Loans shall be funded first from the monies then on deposit in the Anchor Account, and to the extent that the collected balance in the Anchor Account is insufficient to cover any Loan that the Lender is otherwise required to advance under this Agreement, then the Lender shall credit or deposit sufficient monies to the Anchor Account to fund the Loan completely.

  • All of Client’s account(s) managed by Adviser subject to the Anchor Account Strategy shall be included in making such a calculation.

  • The Company shall have no authority to withdraw or disburse funds from the Anchor Account without the signature of the Lender.

  • As collateral security for the Obligations, the Company hereby grants the Lender a lien upon and a security interest in the Anchor Account and all funds held therein from time to time.

  • If any such payments are nevertheless received by the Company, the Company shall hold the same in trust for the Lender and shall deposit such payments in the Anchor Account, in the same form received and together with any necessary endorsements, on the same business day on which such payments are received by the Company.