Commingled Account definition
Commingled Account means the Portfolio Protected Buyout Separate Account, an insurance company separate account the assets of which are owned by Prudential. The assets of this separate account will be held by Prudential in one or more custody accounts at entities independent of Prudential that only hold assets allocated to this separate account. Following consummation of a small account conversion in accordance with Section 1.10 (“Small Account Conversion”), this commingled separate account shall hold assets supporting the payment obligations of Prudential under this Contract. Such separate account also supports Prudential's payment obligations under other group annuity contracts issued by Prudential. Each such contract obligates Prudential to make payments to the contract-holder and/or to individual covered lives, contingent covered lives and beneficiaries in amounts measured and adjusted by the life-span of such covered lives, by any lump sum amounts due and/or by the remaining portion of any period certain annuities.
Commingled Account means the Non-Participating Group Annuity Separate Account of Prudential. Such separate account also supports Prudential’s payment obligations under other group annuity contracts issued by Prudential. Each such contract obligates Prudential to make payments to the contract-holder and/or to individual covered lives, contingent lives and beneficiaries in amounts measured by the life-span of such covered lives, by any lump sum amounts due, by the remaining portion of any period certain annuities, and/or by any contract surrender amounts due.
Commingled Account means any Deposit Account or Securities Account of any Credit Party into which Collections owned by any Credit Party are commingled with Collections beneficially owned by any Special Purpose Subsidiary (each such Special Purpose Subsidiary, a “Commingled Account Beneficial Owner”).
Examples of Commingled Account in a sentence
The Credit Parties shall not grant any Person a Lien on any Commingled Account or any property therein (other than any Commingled Account Control Agreement and other Permitted Liens that arise as a matter of law).
The Credit Parties shall not maintain any Commingled Accounts other than (i) Commingled Accounts existing on the date hereof (and, with the consent of the Administrative Agent, any Commingled Accounts that replace any such existing Commingled Accounts), (ii) Commingled Accounts that are subject to the Commingled Account Intercreditor Arrangement and (iii) Zero Balance Accounts.
More Definitions of Commingled Account
Commingled Account means a separate account of Athene that may hold assets supporting the payment obligations of Athene under this Contract following a Small Account Conversion in accordance with Section 1.11. Such separate account may also support Athene’s payment obligations under other separate account group annuity contracts issued by Athene.]