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 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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Group Account means the accounts of condominiums, housing cooperatives, school savings associations and building societies;
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Examples of Group Account in a sentence

  • Any amounts which remain following the payment of the items set forth in subparagraphs (a) through (d) above shall be deposited into the Group Account on the fifteenth (15th) day following the end of each calendar month (or the first preceding day if the 15th day is not a business day).

  • Newco shall cooperate by providing access to data and personnel, as reasonably required by SCO to prepare the Closing Group Account.

  • The Closing Group Account shall be prepared in the same manner as the 2000 Group Balance Sheet and in compliance with the representations and warranties contained in Section 2.4(c) hereof.

  • In order to establish a new account in the VVIF Portfolios, the Agent will submit account registration information to Vanguard on the Vanguard Institutional Investments Group Account Registration Form.

  • Medical Group covenants that it will not permit any funds to be withdrawn from the Medical Group Account except as authorized by PQC in accordance with the terms of this Agreement.


More Definitions of Group Account

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, 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 the Atlantic Group Account or the Liberty Street Group Account.
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Group Account means a "deposit account" (as defined in Article 9 of the UCC) of a Managed Practice.
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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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Group Account means a customer account for solid waste collection services that provides for collection of waste from multiple residential customers regardless of the method by which such services are contracted or arranged. An account for solid waste collection services arranged by a single property owner for collection of waste from multiple locations owned by that property owner shall not constitute a “group account” for the purposes of this chapter.
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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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