Common Account definition

Common Account means the account by that name established in the Debt Service Reserve Fund pursuant to the Second Resolution.

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Common Account means the account established and continued under section 39A(1).

Common Account means, as the context indicates, the Common Account established in the Debt Service Reserve Fund or the Subordinated Debt Service Reserve Fund pursuant to Section 502(b) hereof.

Examples of Common Account in a sentence

Tenancy in Common Account – This account is owned by the named parties as tenants in common.
On January 31, 2007, the Company shall pay you a one-time, lump-sum cash payment equal to the value of your Common Account on such date, calculated as described in the preceding paragraph, even if your employment is terminated earlier.
Such portion of your Account is referred to herein as the “Common Account.” After the date of this letter, the Common Account shall be denominated in U.S. dollars rather than in Common Stock or any other form of real or phantom equity, and, until January 31, 2007, the value of the Common Account shall be updated as if interest was credited on the value of the Common Account, and compounded at December 31, 2006, at a rate equal to the applicable federal rate for short-term loans.
Tenancy in Common Account - This account or certificate is owned by the named parties as tenants in common.
The Borrower hereby instructs the Company to retain, on the Expiration Date, from the Price paid by the Purchaser to the Common Account, an amount equal to any sum due by the Borrower to the Company in accordance with this paragraph 6.

More Definitions of Common Account

Common Account means an account linked to a specific Common. The Common Account is used by the Common to manage the funds of the Common and the use thereof. The Common Account is an information and management tool which allows the members of the Common to view the balance of the funds available to the Common and the transactions made by the Common, including the Funding received by the Common Members and the payments made by the Common. The Common Account also includes (i) the Protocol of the Common; (ii) list of the Common Members and their details; (iii) the communications of the Common Members through the Platform; (iv) Agenda Proposals, votes and decisions of the Common, through the Platform. The term “Common Account” does not relate to any bank account, payment account or any other type of financial account

Common Account means an account held with a credit, financial and, or payment institution licensed in a Member State of the European Union or the European Economic Area;

Common Account means a Qualified Customer who was also a customer of Purchaser during the twelve month period immediately preceding the Closing Date, provided that the total gross revenues received by Purchaser was at least 30% of the combined gross revenues received by Purchaser and Seller from such customer during such twelve month period. It is hereby acknowledged that Metalor U.S.A. shall not be considered a "Common Account" for the purposes of this Agreement. In addition, if the total gross revenues received by Seller from a Common Account during such twelve month period is less than 30% of the combined gross revenues received by Purchaser and Seller from such customer during such period, then Purchaser shall not be entitled to receive any additional payment with respect to such customer pursuant to this Section 3.4. Seller may audit appropriate records of Purchaser during Purchaser's regular business hours, on reasonable advance written notice to Purchaser to verify that additional payments are being properly computed and paid.

Common Account means the books of account of the Common Operation kept by the Manager for the Co-Owners in accordance with accounting procedures approved by the Management Committee in conformity with generally accepted accounting principles in Canada;

Common Account means the Common Account established in the Debt Service Reserve Fund pursuant to Section 502(b) hereof.

Common Account means the account established

Common Account has the meaning given to such term in the Common Terms Agreement.