Parallel Account definition
Parallel Account means any other account, trust or entity (including the Sarissa Funds) that is directly or indirectly advised or managed by the Investment Manager or any of its Affiliates pursuant to an investment strategy similar to that of the Partnership.
Examples of Parallel Account in a sentence
If the Primary Account Holder neglects this liability, the Parallel Account Holder is jointly liable for all transactions made with a card linked to the account and for all related fees set in the Tariff.
If the Primary Account Holder has not paid an invoice by its due date or by the due date of a reminder of the delay of the payment with possible default interest, Nordea has the right to send a reminder of the failure to pay to the Parallel Account Holder who, subject to the agreement, is jointly liable with the Primary Account Holder for paying the invoice.