Examples of Holding Account in a sentence
Seller shall pay all taxes imposed by any Governmental Authority (“Governmental Charges”) with respect to Products transferred in a Transaction that arise before Buyer receives such Products in Buyer’s Holding Account.
The Buyer irrevocably undertakes, in favour of the Seller, upon being notified by the Escrow Bank of the opening of the Holdback Account by the Escrow Bank, to procure the transfer of £1,000,000 from the Holding Account to the Holdback Account.
Recalling that the Directing Council had authorized expenditure from the Holding Account for project 3.D of up to $10 million, he added that once the project was included in the implementation summary, then the total for the column “Authorized from Holding Account” would be $25.290 million (i.e. the total amount originally placed in the account), from which would be subtracted all the amounts in the “Implemented” column.
Payment for the Notes must be made online @ TheFingerPrintExperts.com: Name of Offering All funds received from subscribers will be placed in a segregated Holding Account of the Company.
It had also heard an overview of the Financial Report of the Director for 2010 and received updates on PAHO’s implementation of the International Public Sector Accounting Standards and on the status of projects funded from the PAHO Holding Account and the Master Capital Investment Fund.