Bank Accounts definition

Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).
Bank Accounts means those account(s) opened and maintained for the Fund and/ or the respective Allocation Plan(s) by the Trustee at the instruction of the Management Company at Banks, the beneficial ownerships in which the Unit Holder(s) shall invest in.

Examples of Bank Accounts in a sentence

  • Exchange Trade Settlement Bank Accounts refer to the Client's accounts selected by the Client in the Framework Agreement for the settlement of Exchange Trades.

  • The Bank shall be entitled to accept/reject the Power of Attorney\ letter of authority in accordance with rules governing the opening of Bank Accounts and general operational guidelines issued by Saudi Central Bank (SAMA).


More Definitions of Bank Accounts

Bank Accounts means the Issuer’s bank accounts operated and/or maintained by or on behalf of the Issuer from time to time.
Bank Accounts shall have the meaning set forth in Section 3.20.
Bank Accounts means those accounts in the name of the Trustee of the Fund, the beneficial ownership of which rests with the Unit Holders.
Bank Accounts is defined in Section 11.16(f).
Bank Accounts shall have the meaning set forth in Section 5.4.1.
Bank Accounts means those account(s) opened and maintained for the Scheme by the Trustee at Bank’s, the beneficial ownership in which shall vest in the Unit Holders.