Independent Account definition

Independent Account means each deposit account with a Depository Bank that you open and maintain directly or through an intermediary (such as a deposit broker) and not established pursuant to the Program.
Sample 1Sample 2Sample 3
Independent Account means an independent certified public accountant or firm of independent certified public accountants at the time employed by the Issuer for the purpose of carrying out the duties imposed on the Independent Accountant by this Bond Resolution.
Sample 1
Independent Account shall have the meaning set forth in Section 3.4(e).
Sample 1

Examples of Independent Account in a sentence

  • DWSIPM has concluded that an individual does not have beneficial ownership of an account of such individual's spouse, minor child or other person sharing the same household as such individual (a "Family Member Independent Account") if such individual does not have any investment discretion or control of the account and does not share in the profits of the account.

  • The Compliance Officer is authorized to make inquiry into any particular individual's situation and determine that a Family Member Independent Account shall be treated as a Personal Account for purposes of this Code and Statement.

  • This may cause all or part of your funds in an Independent Account and all or part of your Transferred Funds in the same Depository Bank to exceed FDIC limits and uninsured.

  • The Independent Account will act as an expert subject to the terms of this Section 2.4 and not an arbitrator, and shall resolve the Disputed Amounts only and make any adjustments to the Closing Balance Sheet, Closing Net Book Value, and Post-Closing Adjustment in accordance with the Accounting Standards.

  • Your funds on deposit in the Independent Account will not consist of Transferred Funds, and we will have no knowledge of any funds in the Independent Account.

  • This may result in lower availability of pork for EU and the UK market and open opportunity for substitution, mislabelling, and other fraudulent activity, if demand for pork meat and bacon is higher the supply.

  • In general, the Depository Bank will combine Independent Account deposits you maintain with Transferred Funds you maintain in the same insurable capacity at that Depository Bank for purposes of FDIC insurance coverage.

  • Identified Payment Transactions are credited to the CPA by the next business day from the receipt on the Independent Account of Citfin.

  • Independent Account Controller Exemption We commend the Commission’s inclusion of an IAC exemption that allows asset management companies to disaggregate the positions of customer accounts controlled by an IAC.

  • If it is impossible to duly carry out the identification of the collection credited to the Independent Account of Citfin, the latter will proceed with due diligence to additionally identify the collection.


More Definitions of Independent Account

Independent Account. The Independent Account (as defined in the Settlement Agreement) for the Real Property Collateral.
Sample 1

Related to Independent Account

  • Investment Account As defined in Section 3.12(a).

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Agent Account means an account in the name of the Agent designated by the Agent to the Borrower from time to time into which the Borrower shall make all payments to the Agent, for the account of the Agent or the Lenders, as the case may be, under this Agreement.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Separate Accounts means the accounts which are to be prepared for each

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Expense Account has the meaning given to such term in Section 3.01(a) hereof.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Member Account means the regular account and the variable account.

  • Independent Assets or Operations means, with respect to any such parent company, that such parent company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Issuer and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such parent company, is more than 3.0% of such parent company’s corresponding consolidated amount.

  • Management Accounts Date means 30 September 2023;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.