Program Administration Account definition

Program Administration Account. Each Service Area will have a Program Administration Account. This account will be funded by a percentage of the Credit Fees collected in the Service Area. These funds will pay for program administration tasks, including but not limited to:
Sample 1

Examples of Program Administration Account in a sentence

  • The Statewide Program Administration Account may not exceed 15% of fees collected and interest earned.

  • Mitigation fees will fund the ILF Program Account and its constituent sub-accounts: Statewide Program Administration Account, Contingency Account, Long-Term Management Account, and Mitigation Account.

  • The Statewide ILF Mitigation Program Account will consist of: a Statewide Program Administration Account, a Mitigation Account, a Contingency Account and a Long-Term Management Account.

  • A maximum of 15% of interest earned from all accounts may be transferred to the Statewide Program Administration Account.

  • XXXX will establish a price per unit of wetland mitigation credit and stream mitigation credit that will be sufficient to fund all accounts described in the Funding Provisions section of this document, including: Statewide Program Administration Account, Contingency Account, Long-Term Management Account, and Mitigation Account.

  • I acknowledge that the booking deposit is non-refundable once this form is completed, signed and submitted.

  • Program Administration Account 15% Administration and management of the statewide ILF Program, including legal, accounting, and consulting fees.

  • The Trust’s objectives include the provision of benefits to directors and staff of the company and its subsidiary undertakings.

  • Periodically appropriate funds in NSP 1 Grant Fund No. 50T/43, upon receipts of future program income from loan repayment and other sources in the NSP 1 Program Operation Account and the NSP Program Administration Account.

  • Upon receipt of mitigation fees, the Sponsor shall be authorized to spend up to 50 percent of funds allocated to Program Administration Account according to the terms of the Program Instrument (see Appendix F, as amended).

Related to Program Administration Account

  • Administration Account As defined in Section 7.02.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

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

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

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

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

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

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

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

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

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Custodial Account for P&I The Custodial Account for principal and interest established and maintained by each Servicer pursuant to its Selling and Servicing Contract and caused by the Master Servicer to be established and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer such that the rights of the Master Servicer, the Trustee and the Certificateholders thereto shall be fully protected against the claims of any creditors of the applicable Servicer and of any creditors or depositors of the institution in which such account is maintained, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. In the event that a Custodial Account for P&I is established pursuant to clause (b) of the preceding sentence, amounts held in such Custodial Account for P&I shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Custodial Account for P&I may be established. Any amount that is at any time not protected or insured in accordance with the first sentence of this definition of "Custodial Account for P&I" shall promptly be withdrawn from such Custodial Account for P&I and be remitted to the Investment Account.

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

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • 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.

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

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

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.