Scheme Bank Account definition

Scheme Bank Account means the non-interest bearing pooled Scheme account to which the Scheme shall hold funds designated to the Member;
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Scheme Bank Account means the designated trust bank account maintained by the Custodian through which payments in and out of the Scheme will be made;
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Scheme Bank Account means such bank account or accounts as may be established by or on behalf of the Scheme Supervisors to hold and disburse the Scheme Creditor Settlement Amount pursuant to the Scheme (and including payment of the Scheme Costs);
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Examples of Scheme Bank Account in a sentence

  • The account shall be entitled "Retirement Scheme Bank Account" in the case of a Scheme or “Retirement Fund Bank Account” in the case of a Retirement Fund and shall bear the name of the Scheme or Retirement Fund (as applicable) or in the case of a Scheme or Retirement Fund established as a trust or in contractual form, the name of the account shall evidence the existence of the Scheme or Retirement Fund (as applicable).

  • The Head of Planning has advised that the Council maintains what is a called a ‘local list’.

  • It will be my responsibility to ensure that there are sufficient cleared funds in the Scheme Bank Account to pay my benefits as they fall due.

  • No other costs shall be paid for from the revenues attributable to the NI Network Incentive Scheme Bank Account and there shall be no cross subsidy of costs or revenues between the IPs.

  • In the event that the OS Scheme is activated at both IPs at the same time, the Transporter shall ensure that the funds relating to each IP are accounted for separately within the NI Network Incentive Scheme Bank Account.

  • The Transporter shall identify the revenues payable for IP Entry Capacity which are attributable to the allocation of Oversubscription Capacity at each IP (including where such Oversubscription Capacity was provided by the release of Non-IP Entry Capacity at the Moffat Non-IP Entry Point), and ensure these revenues are attributed to the NI Network Incentive Scheme Bank Account in accordance with the NI Network Code.

  • Cash payments to your Penfold Pension will be held in the Scheme Bank Account maintained by the Custodian with an approved bank on behalf of the Scheme.

  • The Scheme Bank Account is a pooled account so that in the event of a bank’s failure your claim will be for a share of the cash held in the Scheme Bank Account.

  • Where in accordance with this OS Scheme there is a requirement to purchase buy back capacity in relation to South North Entry Point, it shall be paid for with funds attributable to the BGE (NI) Postalised Network Incentive Scheme Bank Account, up to the level of the Buyback Cap described in 5.4.6 above.

  • Under the FRP, DOD has delegated its responsibility for ESF Number 3, Public Works and Engineering, to USACE.

Related to Scheme Bank Account

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

  • L/C Bank means the Acceptable Bank providing a letter of credit pursuant to Section 5.3 of the Facility Lease.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Class Member Address Search means the Administrator’s investigation and search for current Class Member mailing addresses using all reasonably available sources, methods and means including, but not limited to, the National Change of Address database, skip traces, and direct contact by the Administrator with Class Members.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Bangladesh Bank means the bank established under Article 3 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) for the purpose of carrying on the business of central banking and also includes its successors;

  • Head Office means such office of the Company as the Directors may from time to time determine to be the principal office of the Company;

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Close financial association means an association in which the person filing shares significant financial involvement with an individual and the filer would reasonably be expected to be aware of the individual's business activities and would have access to the necessary records either directly or through the individual. "Close financial association" does not mean an association based on (i) the receipt of retirement benefits or deferred compensation from a business by which the person filing this statement is no longer employed, or (ii) the receipt of compensation for work performed by the person filing as an independent contractor of a business that represents an entity before any state governmental agency when the person filing has no communications with the state governmental agency.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.