Disbursements Account definition

Disbursements Account means any Deposit Account maintained by Borrower with Bank for the purpose of depositing the proceeds of Loans made pursuant hereto.
Sample 1Sample 2Sample 3
Disbursements Account has the meaning given to that term in the Opco Finance Documents;
Sample 1Sample 2
Disbursements Account means an account where all amounts received from every bulk consumer and distribution company in respect of balancing charges are lodged;
Sample 1Sample 2

Examples of Disbursements Account in a sentence

  • The Transporter shall establish an account (" Disbursements Account") which shall be operated in accordance with this Section 1.4.

  • At the time of calculating the Annual Disbursements Account Receipts and Annual Disbursements Account Payments for a Gas Year, the Transporter shall calculate the amount of any Annual Disbursements Account Excess in accordance with Section 1.4.9 and the amount of any Annual Disbursements Account Deficit in accordance with Section 1.4.10.

  • System Imbalance Charges shall be debited from or credited to the Disbursements Account in accordance with Section 1.4.

  • If the amount of the Annual Disbursements Account Receipts for a Gas Year exceeds the Annual Disbursements Account Payments for a Gas Year (" Annual Disbursements Account Excess") then the Transporter shall notify each Shipper of its share of the amount of such excess.

  • If the amount of Monthly Disbursements Account Receipts for a Month is less than the Monthly Disbursements Account Payments for that Month (" Monthly Disbursements Account Deficit") then each Shipper shall reimburse the Transporter for its share of the amount of such deficit ("Monthly Disbursements Liability") and the Transporter shall include such amount in the next Monthly Invoice to the Shipper in accordance with Part I (Legal and General) Section 11 (Invoicing and Payment).

  • Nylon Operations The following table sets forth the segment operating profit (loss) components for the nylon segment for fiscal year 2008 and fiscal year 2007.

  • If the amount of Monthly Disbursements Account Receipts for a Month exceeds the Monthly Disbursements Account Payments for a Month (" Monthly Disbursements Account Excess") then the Transporter shall notify each Shipper of its share of the amount of such excess ("Monthly Disbursements Credit").

  • The Transporter shall, based on such reconciliation, impose additional or lesser charges upon Shippers for such Gas Year in proportion to their respective Final Entry Allocations, Final Exit Allocations, Final IP CSEP Offtake Allocations at the IP CSEP, Final IP VEntry Allocations and/or Final IP VExit Allocations and, where relevant, Final Supply Point Allocations for that Gas Year (as applicable) and such amounts shall be treated as an Annual Disbursements Account Payment.

  • The TSO takes a residual balancing role similar to that envisaged by the Balancing Code and administers a neutrality account – the Disbursements Account.

  • If the market is functioning then we would expect the reduction in tolerances and the consequent improvement in shipper balancing to reduce the amount of imbalances that are cleared through the Disbursements Account.


More Definitions of Disbursements Account

Disbursements Account means an account in the name of DFL held with RBS with account number
Sample 1

Related to Disbursements Account

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Agent’s Account means the Deposit Account of Agent identified on Schedule A-1.

  • Other Investments Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund, other than Company Stock.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Agent Account means an account in the name of the Agent designated by the Agent to the Borrower from time to time into which the Borrower shall make all payments to the Agent, for the account of the Agent or the Lenders, as the case may be, under this Agreement.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

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

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Disbursement is defined in Section 2.6.2.

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

  • Investment Account As defined in Section 3.12(a).

  • Lender’s Account means the account identified in Schedule L-1.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.