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.