pooling account definition

pooling account means the bank account into which the proceeds of a pool are deposited;
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pooling account means the account opened at the Pooling Branch for the purpose of pooling the collections and/or to receive the payment proceeds of the Instruments collected under the Facility and/or from where the pay-outs shall be made by the Bank to the Client.
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pooling account means account of MPSeDC with Branch of Bank. It is a Nodal account
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Examples of pooling account in a sentence

  • If verification is successful, the fund will get credited to the respective Pooling Account of the State Government / PSU/Autonomous Body/Local Body/ PRIs etc.

  • In case the EMD Deposit on submission of bid is forfeited, the e-Procurement portal will direct the Bank to transfer the EMD value from the Pooling Account of SPC to the registered account of the Tender Inviting Authority, i.e. OMC.

  • The following Account bearing No. 000605030134 opened at IClCI Bank, 22, RN Mukherjee Road Branch, Kolkata should be treated as the Pooling Account of the Performance Bank Guarantee with the following Account details : a.

  • In case the Earnest Money Deposit on submission of bid is forfeited, the e-Procurement portal will direct the Bank to transfer the EMD value from the Pooling Account of SPC to the registered account of the tender inviting authority.

  • The following Account bearing No. 000605030134 opened at IClCI Bank, 22, R.N. Mukherjee Road Branch, Kolkata should be treated as the Pooling Account of the Performance Bank Guarantee with the following Account details : a.

  • Mentioning of West Bengal Government Pooling Account for Performance Bank Guarantee No. 000605030134 IFS Code ICIC0000006 MICR 70229002 at ICICI Bank, RN Mukherjee Road Branch, Kolkata on the body of Performance Bank Guarantee is made mandatory vide Finance Department GO No. 2691-F(Y) dated 02/05/2017.

  • EMD should be deposited online in the Pooling Account of Government of West Bengal maintained at ICICI Bank, RN Mukherjee Road Branch in the manner as prescribed in Government Order no.

  • In case of forfeiture of Earnest Money Deposit on submission of bids, the e-Procurement portal will direct the Bank to transfer the EMD value from the Pooling Account of SPC to the registered account of the tender inviting authority within two working days of receipt of instruction from TIA.State PSUs Statutory Corporations, Autonomous Bodies and Local Bodies.I. In case of State PSUs, Statutory corporations, Autonomous Bodies and Local Bodies etc.

  • In case of forfeiture of Earnest Money deposit on submission of bids, the e-Procurement portal will direct the Bank to transfer the EMD value from the Pooling Account of SPC to the registered account of the tender inviting authority within two working days of receipt of instruction from TIA.

  • In case the Earnest Money Deposit on submission of bid is forfeited, the e- Procurement portal will direct the Bank to transfer the EMD value from the Pooling Account of SPC to the registered account of the tender inviting authority.

Related to pooling account

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

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

  • 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).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Interest Collection Account A Securities 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 prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.