Conversion Account definition

Conversion Account means the sum of all of the shares of IR Stock credited to a Participant pursuant to Section 5.6.
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Conversion Account means the account established by the company to record the balance after conversion available to pay the health or long−term care insurance premiums of the insured who has elected conversion.
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Conversion Account means the account established by the company to record the balance after conversion available to
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Examples of Conversion Account in a sentence

  • Distributions from the In-Plan ▇▇▇▇ Conversion Account will be permitted at the same time as permitted for ▇▇▇▇ Deferrals, as set forth under AA §10-1, unless designated otherwise under this subsection (6).

  • The City computerized payroll system is the official record for Flexible Time Off, Extended Medical Benefit, and Personal Conversion Account balances.

  • In the absence of a Conversion Election, the Available Holder Amount shall not be transferred to the Aircraft Conversion Account and shall be applied in accordance with the payment priorities set forth in Section 3.08(a) hereof.

  • The Administrative Agent shall notify the Security Trustee and the Cash Manager of the satisfaction or waiver (specifying which) of all conditions for the payment of any ACS Group Conversion Payment, and no amounts may be withdrawn or transferred from the Aircraft Conversion Account until receipt of such notice as to such ACS Group Conversion Payment.

  • In the case of (x) a Closing Date for any Class E Securities issued to finance any ACS Group Aircraft Conversion or (y) any contribution made by the Holder of a Class E Security or any Shareholder pursuant to Section 3.12, the Administrative Agent shall cause the Operating Bank to transfer from the Collections Account to the Aircraft Conversion Account such amounts so received in connection with such issuance or contribution.

  • In the event that a Conversion Election is in effect and there are insufficient amounts in the Aircraft Conversion Account to discharge all obligations then due and payable in respect of such ACS Group Aircraft Conversion, then the Borrower or Guarantor may, out of funds provided to it by a Holder of a Class E Security or a Shareholder, deposit in the Aircraft Conversion Account up to an amount that would enable the Borrower or Guarantor, as applicable, to discharge such obligations.

  • The amount so deposited will be held in the Aircraft Conversion Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.08 hereof and upon payment of all ACS Group Conversion Payments required for such Aircraft Conversion, any remaining amounts in the Aircraft Conversion Account shall be promptly transferred to the Collections Account.

  • If A.10a is "Yes" (Contributions to fund a Premium Conversion Account are permitted), provide for automatic enrollment for the Premium Conversion Account: [ X ] Yes [ ] No NOTE: If C.1a is "Yes", a Participant shall be deemed to elect to contribute the entire amount of any premiums payable by the Participant for the benefit plans described in A.10b.

  • Annual Custodial Maintenance Fee 1 $40.00 Per Account 2 ▇▇▇▇ Conversion Fee 3 $25.00 Per Conversion Account Termination Fee 4 $95.00 Per Account 5 Alternative Investment Fees 6 Subscription Fee $50.00 Per Purchase Redemption Fee $50.00 Per Position Re-registration Fee $50.00 Per Position Annual Special Product Fee $35.00 Per Position UBTI Filing Fee $100.00 Brokerage commissions are considered a cost of the security and are not billed separately.

  • Effective , a Participant may elect to convert all or any portion of his/her non- ▇▇▇▇ vested Account Balance to an In-Plan ▇▇▇▇ Conversion Account.


More Definitions of Conversion Account

Conversion Account means an Account which has arisen out of the Borrower's Healthcare Services Business and has resulted from the conversion of the billing arrangement for such Account from a contingent fee billing basis to a fee for services billed basis.
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Related to Conversion Account

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).