Support Account definition

Support Account means the account of the Payee listed on Schedule 1 to this Agreement, into which the proceeds of all Payments made under this Agreement shall be deposited, or such other account designated in writing by the Payee to the Payor from time to time.

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Support Account means that certain account held at a domestic office by the Administrative Agent or any one of the Lenders (as so designated by the Borrower) containing cash and Cash Equivalents of not less than $19,752,000, which account shall collateralize the obligations of the Borrower under the 2007 Convertible Notes on terms acceptable to the Administrative Agent; provided that in no event shall such account be deemed subject to a Lien in favor of the holders of the 2007 Convertible Notes or the trustee with respect thereto.

Support Account has the meaning set forth in Section 3.04(a). --------------- ---------------

Examples of Support Account in a sentence

If the Director determines to close the account, the State shall transfer any balance in the account to the SWRDS Support Account.
The Indenture Trustee agrees to follow such written instructions relating to the establishment of, the administration of, and transfers from, the Collateral Support Account as may be delivered by the Servicer or the Administrator.
If required under the Swap Agreement, the Servicer or the Administrator shall, in accordance with the provisions of the Swap Agreement, establish and maintain in the name of the Indenture Trustee at an Eligible Institution (which shall initially be the Indenture Trustee) a segregated trust account designated as the Collateral Support Account (the “Collateral Support Account”) to hold such collateral.
On each Payment Date, any shortfall in the Interest Reserve Amount for the Interest Accrual Period commencing on such Payment Date shall be deposited from funds in the Collateral Proceeds Account, pursuant to Section 3.03(c) or from funds in the Interest Support Account, pursuant to Section 3.10.
Notwithstanding anything set forth in Section 3.04 to the contrary, the Trustee shall deposit in the Interest Support Account (pursuant to an Issuer Order) the proceeds from the earnings on any sale of Eligible Investments.
Access to and use of Microsoft Support Account Management and Problem Resolution Support (Premium Support services) under the Enterprise Services Work Order issued under Microsoft Business and Services ▇▇▇▇▇▇▇▇▇ #▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇ Service available through June 29, 2016 and not extendable.
All funds deposited from time to time in the Interest Support Account pursuant to this Indenture shall be held by the Trustee as part of the Trust Estate on behalf of the Bondholders and the Trustee as provided herein.
The Interest Support Account shall be maintained at the Corporate Trust Office as a segregated account clearly labeled as such.
On September 20, 2003, the Trustee shall deposit in the Collateral Proceeds Account any remaining funds on deposit in the Interest Support Account.
Thereafter, if there is a shortfall in the payment of interest on the Bonds or in the Interest Reserve Amount on any Payment Date, after application of funds in the Collateral Proceeds Account pursuant to Section 3.03(c) on such Payment Date, the Trustee shall withdraw the amount of such shortfall from funds in the Interest Support Account, if any, and deposit such amount in the Collateral Proceeds Account or the Reserve Fund, as applicable.

More Definitions of Support Account

Support Account means a segregated trust account, in the name of the Purchaser and referencing the name of the Deal Agent, maintained at an Eligible Account Bank chosen by the Purchaser.

Support Account means the current account specified by the Subscriber from which the Bank withdraws the use monthly fee. The typology of bank accounts that can be defined as a Support Account is established by the Bank and communicated to the Subscriber at the time of accessing the service.

Support Account has the meaning specified in the Support Account Agreement.

Support Account means an account that holds support time (usually purchased in blocks of 5 or 10 hours), for the Client to use to request design, development and IT Support.