Retained Account definition

Retained Account means a Subject Account inuring to the benefit of Buyer as a result of any of the following circumstances: (i) the consent on or prior to the Determination Date of such Subject Account to the assignment by Seller to Buyer of Seller’s rights and obligations arising under the Educational Institution Contract to which such Subject Account is a party; (ii) such Subject Account entering into a new Contract with Buyer, on or prior to the Determination Date, for substantially the same services contemplated to be provided under the Educational Institution Contract in effective as of the date hereof between Seller and such educational institution; or (iii) Buyer receiving Fee Revenue from such Subject Account, for substantially the same services contemplated to be provided under the Educational Institution Contract in effect as of the date hereof between Seller and such educational institution, during the period commencing on the Closing Date and ending on the Determination Date that is an amount not less than eighty five percent (85%) of Fee Revenue received by Seller from such Subject Account over the corresponding period in 2009.
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Retained Account is defined in Section 7.13.
Sample 1
Retained Account means an account bearing an employee’s basic personal information, investment income, balance of interests and other things when the employee resigns due to reasons set forth by applicable laws and regulations such as employment change, schooling, entry into army and unemployment, or when the Enterprise Annuity Plan is terminated and the employee does not participate in any enterprise annuity plans managed by other entrustees.
Sample 1

Examples of Retained Account in a sentence

  • Any Cash remaining in the U.K. Administration Reserve after all applicable distributions or other payments have been made from such Retained Account will be released as provided in the U.K. Implementation Agreement.

  • The Retained Account balance shall be compounded at the end of each calendar year by the annual rate of interest so determined.

  • Any Cash remaining in the U.K. Administration Reserve or held on account of the indemnification obligations owing under the U.K. Indemnification Agreement after all applicable distributions or other payments have been made from such Retained Account will be released as provided in the U.K. Implementation Agreement.

  • All amounts credited to the Retained Account and the Stock Account shall be the property solely of the Company.

  • Any Cash remaining in the Fee Claim Escrow Account, after all applicable distributions or other payments have been made from such Retained Account shall be released therefrom by the Disbursing Agent and revert to the Reorganized Debtors or their successors or assigns at such dates as may be determined by the Disbursing Agent, but in no event later than the date that is sixty (60) days after all applicable distributions or other payments have been made from such Retained Account.

  • The Retained Account shall accrue interest during each calendar year equal to the median yield of all non-convertible debt issues coming to market during the twelve-month period ending one month prior to the end of the month in which the election instructions are issued in the prior fiscal year from companies rated A (includes A- and A+), as reported by the Standard & Poor's Monthly Bond Guides in its calendar of new offerings.

  • The Participant may elect that deferrals be credited either to the "Retained Account" or the "Stock Account" as defined below.

  • Each Participant and beneficiary shall be solely an unsecured general creditor of the Company with respect to amounts credited to his or her Retained Account or Stock Account and shall have no special or prior right to any stock or assets for payment of any obligations hereunder.

  • To Sellers' knowledge, except for payment defaults there is no default, breach, violation, or event of acceleration existing under any Account or NBGL Retained Account and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration that would materially and adversely affect Household Bank's ability to collect any of the Accounts.

  • Notwithstanding anything to the contrary herein or in any Release Agreement, to the extent mutually agreed upon prior to the Effective Date by Fleet and the Peregrine Party(ies) from whom the Fleet Retained Accounts were purchased, the security interests and other interests of Fleet in and to each Fleet Retained Account shall continue in full force and effect.


More Definitions of Retained Account

Retained Account means each conditional sales contract, retail installment sales agreement or note relating to a marine or recreational vehicle loan, and each security agreement or preferred ship mortgage related thereto, retained by Chase on or after the Closing Date, other than (i) any such conditional sales contract, retail installment sales agreement or note relating to a marine or recreational vehicle loan, and each security agreement or preferred ship mortgage related thereto, transferred to CIT or CITNY pursuant to the Purchase Agreement on the Cut-Off Date Closing Date or (ii) any New Securitization Account.
Sample 1
Retained Account means all billed accounts receivable and trade accounts payable arising from the assets described on section 5(d) of the Disclosure Schedule, but retained by Target, but only to the extent such accounts are reflected on the Closing Net Asset Statement.
Sample 1
Retained Account means a non interest bearing account with the Retained Account Bank opened in the name of the Trustee in accordance with the Declaration of Trust, into which the Trustee shall deposit the Aggregate Retained Amount on the Issue Date;
Sample 1Sample 2
Retained Account means the account at the PX that contains the Retained Amount specified in Section 6.2 of the Settlement Agreement.
Sample 1
Retained Account means an account bearing an employee’s basic personal information, investment income, balance of interests and other things when the employee is transferred out of the China Life’s system due to reasons set forth by applicable laws and regulations such as employment change, schooling, entry into army and unemployment, or when the Enterprise Annuity Plan is terminated and the employee does not participate in any enterprise annuity plans managed by other entrustees.
Sample 1

Related to Retained Account

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Controlled Account has the meaning specified therefor in Section 7(k).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

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

  • Initial Account has the meaning specified in the Transfer Agreement.