Suspense Accounts definition

Suspense Accounts has the meaning set forth in Section 11.4.
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Suspense Accounts means collectively, each account of a royalty interest owner in a Class Well operated by Chaparral as of the Petition Date that is not in pay status in the last available revenue transaction report for the Class Well that the Debtors provide to Settlement Class Counsel.
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Suspense Accounts shall have the meaning given that term in Section 10.06.
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Examples of Suspense Accounts in a sentence

  • Such transactions shall be accounted for by the treasuries in the State Section of Treasury accounts under the head "PAO Suspense - Transactions adjustable by PAO Ministry/ Department of ' below themajor head '8658 - Suspense Accounts' for necessary cash settlement by the State Accountant General with the concerned Pay and Accounts Office.

  • A downward adjustment to the Base Purchase Price will be made at Closing to reflect the Suspense Accounts as of the Closing Date and the Suspense Accounts shall be further adjusted, if necessary, in the Post-Closing Statement.

  • See also “equity method of accounting.” Suspense Accounts: Suspense accounts are temporary holding accounts in which items are carried until they can be identified and their disposition to the proper account can be made.

  • Subject to the other provisions hereof, Buyer shall assume full and complete responsibility and liability for proper payment of the funds comprising the Suspense Accounts as set forth on the “Post-Closing Suspense Account Statement,” which shall be provided by Seller to Buyer with the Post-Closing Statement required in Section 11.3, (including any liability under any unclaimed property law or escheat statute).

  • PDEx shall make available a Suspense Report providing details of all credits to Suspense Accounts.

  • A downward adjustment to the Base Purchase Price will be made at Closing to reflect the Suspense Accounts as of the Closing Date and the Suspense Accounts shall be further adjusted, if necessary, in the Post Closing Statement.

  • Subject to the other provisions hereof, Buyer shall assume full and complete responsibility and liability for proper payment of the funds comprising the Suspense Accounts as set forth on the “Post Closing Suspense Account Statement,” which shall be provided by Seller to Buyer with the Post Closing Statement required in Section 11.3, (including any liability under any unclaimed property law or escheat statute).

  • The law authorizing the School and University Minerals Lease Suspense Accounts was repealed on July 1, 2003, and all revenue in the suspense accounts was transferred to the permanent funds.Table 8.

  • All revenue in the Suspense Accounts from FY03 was transferred to the permanent funds.

  • Distribution of revenue from state iron ore and taconite leases to the School and University Minerals Suspense Accounts, FY 2002-2003.‌ (*) In FY2002 and FY2003,100% was initially deposited in interest-bearing School Minerals Lease and University Trust Minerals Lease Suspense Accounts.


More Definitions of Suspense Accounts

Suspense Accounts means suspense accounts maintained by Seller holding monies payable to royalty owners, mineral owners and other persons with an interest in production of Hydrocarbons attributable to the Assets prior to the Closing Date that Seller has been unable to pay because of title defects, or because such Persons cannot be located or their identity is unknown or any other causes.
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Suspense Accounts. Any amount received or recovered by the Trustee (otherwise than as a result of a payment by the Issuer to the Trustee in accordance with Clause 2) in respect of any sum payable by the Issuer under this Trust Deed, the Notes or the Coupons may be placed in a suspense account and kept there for so long as the Trustee thinks fit.
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Suspense Accounts and "Funds W/H - Group Medical" as set forth in the Estimated Business Statement of Assets and Liabilities or Final Business Statement of Assets and Liabilities, as appropriate, (iii) an amount equal to an additional 20% of the reserves for incurred but not reported claims and in course of settlement claims related to the American Long Term Care Reinsurance Group pool; and (iv) the Other Assumed Liabilities.
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Suspense Accounts means those Accounts deemed questionable as to collectability by any of the Borrowers.
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Suspense Accounts. Any amount received or recovered by any Senior Finance Party (otherwise than as a result of a payment by a Borrower to the Facility Agent) in respect of any sum due and payable by any Borrower under this Agreement may be placed in a suspense account and kept there for so long as the recipient thinks fit. Amounts deposited in any such account shall accrue interest at the Facility Agent's usual rate for deposits of a similar amount and nature from time to time and interest accrued shall be credited to such account.
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Suspense Accounts. Any amount received or recovered by the Collateral Agent, any Receiver or any Delegate in exercise of its rights under any Transaction Document may be credited to an 13 being credited to that account) until the Collateral Agent is satisfied that all the Liabilities have been discharged in full and that all facilities which might give rise to Liabilities have terminated.
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Related to Suspense Accounts

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Separate Accounts means the accounts which are to be prepared for each

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

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

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s). 1.2 Interpretation 1.2.1 References to Lenders’ Representative shall, unless repugnant to the context or meaning thereof, mean references to the Lenders’ Representative, acting for and on behalf of Senior Lenders. 1.2.2 The words and expressions beginning with capital letters and defined in this Agreement shall have the meaning ascribed thereto herein, and the words and expressions used in this Agreement and not defined herein but defined in the Development Agreement shall, unless repugnant to the context, have the meaning ascribed thereto in the Development Agreement. 1.2.3 References to Clauses are, unless stated otherwise, references to Clauses of this Agreement. 1.2.4 The rules of interpretation stated in Clauses 1.2, 1.3 and 1.4 of the Development Agreement shall apply, mutatis mutandis, to this Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Completion Accounts means the consolidated balance sheet of the Target Group as at the close of business on the date of Completion and a consolidated profit and loss account of the Target Group for the period from the Last Accounts Date up to and including the date of Completion, which shall be prepared in accordance with Schedule 5.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

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

  • 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.

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • 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.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

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

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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.