Holding Account definition

Holding Account means an interest-bearing deposit account belonging to the Agent for the benefit of the Lenders into which the Borrower may be required to make cash deposits pursuant to the provisions of this Agreement, such account to be under the sole dominion and control of the Agent and not subject to withdrawal by the Borrower, with any amounts therein to be held for application toward payment of any outstanding Letters of Credit when drawn upon.

Holding Account means an account:

Holding Account shall have the meaning set forth in Section 3.1.1.

Examples of Holding Account in a sentence

• Any portion of the Initial Purchase Payment we receive outside the Initial Purchase Payment Windows described in the Contract Schedule allocated to the strategy will be applied to the Holding Account and added to this strategy on the first Contract Anniversary.

• The Director had identified the internal sources of that additional funding as $100,000 from the unspent balance of approved projects from the Holding Account and $2.1 million from the unappropriated balance of the IPSAS surplus.

• Fenton Ferguson (Representative of the Subcommittee on Program, Budget, and Administration) reported that the Subcommittee had heard an update on the status of projects approved by the 48th Directing Council for funding from the Holding Account and had reviewed a proposal to transfer the balances remaining from two completed projects, totaling approximately $100,000, to the project for modernization of the PASB Management Information System.

• Opening of a Personal Account/Person Holding Account The application to request the opening of a personal account/person holding account shall be addressed to the national administrator (FOEN for Switzerland).

• Daniel Walter (Director, Department of Planning and Budget, PASB) noted that of the original 14 projects approved by the Directing Council for funding through the Holding Account, six had been completed by the end of 2013, and as at the end of April 2014, 79% of all Holding Account funds, some $20 million, had been spent.

More Definitions of Holding Account

Holding Account means the account established and maintained as such pursuant to Section 5.01.

Holding Account means the “Holding Account” and various sub-accounts to the Holding Account established pursuant to the Loan Agreement (Mortgage) as in effect on the date hereof.

Holding Account refers to the account that holds funds eligible and awaiting investment into a Risk Control Account in accordance with the terms of the Policies, which account shall be part of the Company’s General Account. The assets in the account accrue interest at a rate declared by the Company subject to a guaranteed minimum rate.

Holding Account or “General Holding Account” means an account created for each covered entity, opt-in covered entity, or voluntarily associated entity to hold compliance instruments.

Holding Account means the form of record maintained by and in the relevant Registry to record the allocation (if applicable), Transfer and holding of Allowances;

Holding Account means the account number 0000000, sort code 30-00-02 entitled "Bluewater Energy N.V. Uisge Gorm/Glas Dowr/Bleo Xxxx/Haewene Brim Account" opened or to be opened by Bluewater Energy with the Deposit Bank, the operation of which is to be governed by the Holding Account Deed; and all references in the Second Deposit Deed to the "Holding Account" shall, with effect from the date of this Deed, be deemed to be references to the "Holding Account" defined above;

Holding Account. The account created and maintained pursuant to the Holding Account Agreement.