Pool Account definition
Examples of Pool Account in a sentence
The Chief Executive will direct the disbursement of both State and Commonwealth funding from the State Pool Account, the State Managed Fund and the Department of Health Expenditure account to the HHS.
ProPay has the right to use your funds in the Merchant Pool Account or funds otherwise owed to you to establish, increase, or maintain funds in reserve.
Subject to clause 9.3, when the Packed Fruit is entered into T&G Pipfruit’s Inventory, an advance payment will be made of part of the Supplier Return, for each relevant Pool Account it.
If, on that date, all Fruit allocated to any Pool Account has not been sold and settled, T&G Pipfruit may require T&G to purchase any unsold Fruit and amounts due, at a prudent net realisable value, to complete reconciliation of the Pool Accounts and determine the Supplier Return.
For the avoidance of doubt, no Loss Pool Account will be reduced to less than zero at any time.