Group Account definition

Group Account means the bank account established by the Group solely for the benefit of the Group and into which Administrator shall deposit the residual amounts to which the Group is entitled following the application of the priority of payments set forth in Section 7.6 below.
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Group Account means the accounts of condominiums, housing cooperatives, school savings associations and building societies;
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Group Account means the account, identified by an account number, established for two or more employers whose application to become liable for payments in lieu of contributions and for sharing the cost of benefits paid by them, has been approved by the department in accordance with Subsection E of Section 51-1-13 NMSA 1978.
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Examples of Group Account in a sentence

  • Each Participant maintaining a Group Account on the CDS shall ensure that the Book-entry Securities owned by its clients are entered exclusively in the Group Account of the Participant.

  • Where more than one Main Account have been established by CDC in the name of a Participant pursuant to Regulation 6.1.1, CDC shall establish one Group Account for such Participant under each Main Account established by CDC on his behalf.

  • The referee shall be a retired California Superior Court Judge selected by agreement of the parties or if they fail to agree by the Superior Court of the State of California, Contra Costa County upon application of either party with 24 hours notice in writing or by telefax to the other party.

  • CDC shall establish, forthwith after a Participant is admitted to the CDS, a Group Account in the name of the Participant.

  • In the case concerning the Factory at Chorzow, the PCIJ stated that when restitution is not possible, there should be a payment of a sum corresponding to the value which restitution in kind would bear.58 This form of reparation is usually known as compensation, and it is ordered when there are damages that cannot be redressed by restitution alone.


More Definitions of Group Account

Group Account means, with respect to any Group, the account or accounts established pursuant to the related Group Supplement for the benefit of a Group of Notes.
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Group Account means your Group store of value, being the record maintained by the Bank of the amount of E-Money from time to time held by a Group micro enterprise in the Mobile Money System.
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Group Account means the bank account in the name of JM Flying Services at Lloyds Bank plc with sort code 30 94 51 and account number 00000000.
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Group Account means and includes the accounts described as such in the intimation given by the "Borrower" to the "Lender"from time to time and accepted by the "Lender".
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Group Account means the Atlantic Group Account or the Liberty Street Group Account.
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Group Account means the Blue Ridge Group Account, the Atlantic Group Account or the Jupiter Group Account.
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Group Account means the bank account established by Group solely for the benefit of Group and into which PIP shall deposit the monthly amounts pursuant to Section 6.1 below.
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