FCT Account definition

FCT Account means the segregated EUR denominated bank account opened on behalf of the FCT with the FCT Custodian, the details of which are set out in clause 24.1 of the FCT Regulations.
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FCT Account means the segregated EUR denominated bank account opened with the FCT Account Bank in the name of the FCT, the details of which are set out in Sub-Clause 4.2 (Opening and Identification of the FCT Account) of the FCT Account Bank Agreement.
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FCT Account means any of the following accounts:
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Examples of FCT Account in a sentence

  • If no successor has been appointed by the Management Company within 90 days from the resignation of the FCT Account Bank, the FCT Account Bank shall be entitled to propose a substitute account bank to be appointed by the Management Company with the consent of the Custodian, provided that the Management Company and the Custodian shall not unreasonably withhold their consent to appoint the successor so selected by the FCT Account Bank.

  • The FCT Account Bank is under no obligation to inform any other Person (except the Management Company and the Custodian including, but not limited to, any Person that is to receive the payment) if there are insufficient cleared funds credited to any FCT Account to make a payment in accordance with a Payment Instruction in respect of such FCT Account.

  • Any reference to the FCT Account and Cash Management Agreement in any Transaction Document shall be construed as a reference to the Amended and Restated FCT Account and Cash Management Agreement.

  • Until the FCT Account Bank is able to contact the Management Company and the Custodian, and receive instructions, the FCT Account Bank shall make no payment in accordance with a Payment Instruction.

  • The Principal ▇▇▇▇▇▇ ▇▇▇▇▇▇ standing at the credit of the FCT Account after investments shall remain sufficient to purchase new Receivables.

  • Fees and expenses to attract a subsequent FCT Account Bank shall be paid by the FCT.

  • The Management Company and the Custodian hereby agree that with effect on the 2022 Amendment Effective Date, the Custodian shall cease to be a party to the FCT Regulations, the Servicing Agreement, the Master Receivables Purchase Agreement, the Paying Agency Agreement, the Class B Loan Agreement, the General Reserve Agreement and the FCT Account and Cash Management Agreement.

  • The Management Company, the Custodian, the FCT Account Bank and the FCT Cash Manager hereby agree and acknowledge that, with effect from the 2022 Amendment Effective Date, the FCT Account and Cash Management Agreement shall be amended and restated so as to be in the form set out in Schedule 8 (the Amended and Restated FCT Account and Cash Management Agreement) and the same shall thereafter be read and construed for all purposes accordingly.

  • Account and Cash Management Agreement means the agreement entered into on or before the Signing Date between the Management Company, the Custodian, the FCT Account Bank and the FCT Cash Manager, as amended from time to time.

  • The Management Company shall not be liable for any failure in the proper implementation of the Priority of Payments if it results from the failure of the FCT Account Bank to perform its obligations.

Related to FCT Account

  • Direct Account : means any Account which is not an ISA Account.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

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

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;