Client Trust Accounts definition

Client Trust Accounts means deposit accounts maintained exclusively to hold Borrower’s and its Subsidiaries’ client deposits including prefunds and any other amounts provided by such clients relating to Borrower’s and its Subsidiaries’ administration of such clients’ benefits.
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Client Trust Accounts means all of Target Entities' right, title and interest in and to the client trust funds held by the Target Entities on behalf of the clients served by the Company Operations.
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Client Trust Accounts shall have the meaning set forth in Section 5.18 hereof.
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Examples of Client Trust Accounts in a sentence

  • We are required to keep all customer deposits in Client Trust Accounts and may only use the funds once the trip has begun or to make a deposit to an operator on behalf of the client.

  • Our Client Trust Accounts are sub- ject to audit by a CPA on an annual basis and regularly inspected by TICO auditors.

  • The Wyoming State Bar gratefully acknowledges the pioneering work done in this area by the staff auditors in the Office of Disciplinary Counsel of the Washington State Bar Associa- tion, and the Washington State Bar Association’s generous permission to use its publica- tion, Managing Client Trust Accounts, as the basis for this handbook.

  • Interest earned on client trust accounts is treated as follows: • Pooled Client Trust Accounts: Kentucky lawyers, unless otherwise exempt, are required to participate in the Interest On Lawyers’ Trust Accounts (IOLTA) program established by the recently amended SCR 3.830.

  • In addition, the ADO receives a copy of each Overdraft Notice (ODN) that banking institutions send to attorneys or firms holding Client Trust Accounts, and a copy of lawsuits that are filed against attorneys.

  • Client Trust Accounts Most attorneys will have one or more trust accounts under their control (see Chapter 1 on "Bank Accounts" for a discussion of trust accounts).

  • Rule 1.14 (a); also see Sallen & Miller, Client Trust Accounts, at 907.

  • Every non-exempt lawyer admitted to practice in Montana, and/or every law firm composed of any such lawyers, which receives client funds, shall establish and maintain an interest-bearing trust account for pooled client funds, termed an "IOLTA Trust Account." Each lawyer/firm shall also establish separate interest-bearing trust accounts for individual clients, termed "Client Trust Accounts," when appropriate pursuant to this Rule.

  • In addition, the ADO receives a copy of each Overdraft Notice (ODN) that banks send to attorneys or firms holding Client Trust Accounts, and a copy of lawsuits that are filed against attorneys.

  • Respond to the requests from DCF concerning the Client Trust Accounts.

Related to Client Trust Accounts

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Collection Accounts As defined in Section 3.10(a).

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.