Operation Account definition

Operation Account means the separate account maintained by the Administrator for the payment of Company-Owned Litigation Administrative Expenses and from which distributions to Members will be made in accordance with Article IV and the Plan.
Sample 1
Operation Account means the Albany Water Board Operation Account established by, and held in the custody of, the Board pursuant to Section 4.2(A)(2) of the Financing Agreement.
Sample 1

Examples of Operation Account in a sentence

  • If all or any portion of the Common Area is taken for any public or quasi-public use under any statute, by right of eminent domain or by purchase in lieu of eminent domain, the entire award shall be deposited into the Current Operation Account until distributed.

  • All other costs properly payable by the Association shall be paid from the Current Operation Account.

  • The Board shall deposit those portions of the assessments collected for current maintenance and operation into the Current Operation Account and shall deposit those portions of the assessments collected as reserves for replacement and deferred maintenance of major components which the Association is obligated to repair, restore, replace or maintain into the Reserve Account.

  • Assessments collected by the Association shall be deposited into at least two (2) separate accounts with a responsible financial institution, which accounts shall be clearly designated as (i) the Current Operation Account and (ii) the Reserve Account.

  • Maintenance and Operation Account, consisting of the Operating Sub-Account and the Operating Reserve Sub-Account, to be held by the Authority, 2.

  • Child responses showed a lot of variation though, and since the original MAIN scoring protocol (Gagarina et al.

  • Special Assessments may be levied in addition to Regular Assessments for (i) constructing capital Improvements, (ii) correcting an inadequacy in the Current Operation Account, (iii) defraying, in whole or in part, the cost of any construction, reconstruction, unexpected repair or replacement of Improvements in the Common Area, or (iv) paying for such other matters as the Board may deem appropriate for the Project.

  • Techniques on how to efficiently compute this distance are presented in [10].Defining a Distance Threshold.

  • Government should ensure that the 10% retention should only be the collection efforts of the Board itself (i.e. excluding Revenue from MDAs, National Drivers License from Federal Road Safety Commission and PAYE of Civil Servants).c) It was equally queried that the sum of N66,406,258.15 was paid to TAMAS (Tax Auditors) from the Pool Account whereas the sum of N85,611,124.07 has already been paid to the same TAMAS from the Board’s Operation Account.

  • Authorize the Chief Financial Officer to make a supplemental appropriation of$81,000 from Unallocated Wastewater Reserve (Fund 528) to fund Wastewater Treatment Operation Account No. 8120-62701 (Professional Services)Councilmember Maan seconded the motion that passed with a unanimous vote.

Related to Operation Account

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Administration Account As defined in Section 7.02.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • 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.

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Accounts As defined in Section 3.10(a).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

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

  • 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.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • Note Account As defined in the Indenture.

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Completion Accounts means the consolidated balance sheet of the Target Group as at the close of business on the date of Completion and a consolidated profit and loss account of the Target Group for the period from the Last Accounts Date up to and including the date of Completion, which shall be prepared in accordance with Schedule 5.

  • Principal Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • Direct Account : means any Account which is not an ISA Account.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).