Contract Account definition

Contract Account means the Separate Account Liabilities as shall from time to time relate to the Contracts as determined pursuant to Section 5.02(a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Contract Account shall have the meaning set forth in Section ---------------- 4.2 of the Custodial Agreement.

Contract Account means any line item of the local agency budget annexed to the local agency contract.

Examples of Contract Account in a sentence

• The SWAP REMIC shall consist of all of the assets of the Trust Fund, other than (i) amounts distributable to the Class P Certificates pursuant to Section 4.04(b)(i) hereof, (ii) the interests issued by the SWAP REMIC and the interests issued by the Lower Tier REMIC, (iii) the grantor trusts described in Section 2.07 hereof, (iv) each Cap Contract and the Cap Contract Account and (v) the Swap Agreement and the Supplemental Interest Trust.

• The Corridor Contract Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement and, if the Trust Fund is terminated pursuant to the Pooling and Servicing Agreement prior to the termination of this Agreement, the Corridor Contract Account shall be an account that would otherwise qualify as an "Eligible Account" under the Pooling and Servicing Agreement had the termination of the Trust Fund not occurred.

• The Trust Fund for federal income tax purposes will consist of (i) three real estate mortgage investment conduits, (ii) the right to receive payments distributable to the Class P Certificates pursuant to Section 4.04(b)(i) hereof, (iii) each Cap Contract and the Cap Contract Account, (iv) the grantor trusts described in Section 2.07 hereof and (v) the Supplemental Interest Trust, which in turn will hold the Swap Agreement.

• The Corridor Contract Administrator shall give at least 30 days' advance notice to CHL and the Trustee of any proposed change of location of the Corridor Contract Account prior to any change thereof.

• All funds deposited in the Corridor Contract Account shall be held for the benefit of CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3.

• The Corridor Contract Administrator shall establish and maintain a Corridor Contract Account into which the Corridor Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under the Corridor Contract.

• All funds deposited in the Cap Contract Account shall be held for the benefit of CHL and for the Indenture Trustee for the benefit of the Holders of the Benefited Notes until withdrawn in accordance with Section 4.

• The Cap Contract Administrator shall establish and maintain a Cap Contract Account into which the Cap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, all amounts payable by the Counterparty under the Cap Contract.

• The Cap Contract Account shall be an "Eligible Account" as defined in the Indenture and, if the Indenture is satisfied and discharged in accordance with its terms prior to the termination of this Agreement, the Cap Contract Account shall be an account that would otherwise qualify as an "Eligible Account" under the Indenture had such satisfaction and discharge not occurred.

• The Lower Tier REMIC shall consist of all of the assets of the Trust Fund, other than (i) amounts distributable to the Class P Certificates pursuant to Section 4.04(b)(i) hereof, (ii) the interests issued by the Lower Tier REMIC, (iii) the grantor trusts described in Section 2.07 hereof and (iv) each Cap Contract and the Cap Contract Account.

More Definitions of Contract Account

Contract Account. An account established pursuant to Section 4.2 ---------------- hereof.

Contract Account means an airline certificated by the FAA or the California Public Utilities Commission to provide airline service, a major manufacturer of Aircraft with a Maximum Gross Landing Weight in excess of 60,000 pounds used by major air carriers, an air travel club which operates turboprop or turbojet transport category Aircraft with a Maximum Gross Landing Weight in excess of 70,000 pounds or a person conducting air taxi operations in large Aircraft under federal authority, and which airline, manufacturer, air travel club or air taxi operator is the holder of a contract with an oil company authorized to make Aviation Fuel deliveries to the Airport providing for the purchase and delivery of Aviation Fuel.

Contract Account means one of the following entities which holds a contract with an oil company authorized to make Fuel deliveries to the Airport providing for the purchase and delivery of Fuel: (a) an airline certificated by the FAA or the Public Utilities Commission of the State of California to provide airline service; (b) a major manufacturer of Aircraft with a maximum gross landing weight in excess of 60,000 pounds used by major air carriers; (c) an air travel club which operates turboprop or turbojet category Aircraft with a maximum gross landing weight in excess of 70,000 pounds; or (d) a person conducting Air Taxi operations in large Aircraft under federal authority.

Contract Account means the commercial bank account established by the Contractor in accordance with the terms of this Contract.

Contract Account means any Accounts of Borrower or any Guarantor arising pursuant to services rendered by Borrower or such Guarantor to any person who is an eligible beneficiary under any agreement of Borrower or such Guarantor with a public or private, profit or non-profit agency, organization, partnership or other person that provides health care services to its members or participants (including any health maintenance organization or preferred provider organization).