assignment account definition

assignment account means a ledger sub-account of the Federal Consolidated Fund or Public Account and includes sub-accounts, revolving fund accounts, required for donor aided projects or otherwise;
assignment account means Assignment Account as prescribed in Asaan Assignment Account Procedure (local Currency), 2020 as amended from time to time;
assignment account means the current account to be notified to the Borrower by the Bank in the event that the Bank makes an assignment of rights. The amounts corresponding to the installments, including any taxes, fees, and any other amount to be paid by the Borrower, up to an amount equal to the percentage of the Agreement subject matter of the Assignment of Rights made, shall be transferred to this account. For these purposes, the Parties agree that, for each assignment of rights made, new assignment account shall be opened for the relevant transferee of such rights to collect the amounts due to them by the Borrower (from the of the Notice of Assignment).

More Definitions of assignment account

assignment account means a ledger sub-account of the Federal Consolidated Fund or the Public Account and includes Assan Assignment Account, Special Assignment Account, Revolving Fund Account and their sub-accounts.