Temporary Account definition

Temporary Account means the Account opened for the Customer by the Bank for a certain period of time, intended for the accumulation of funds for the formation/increase of the share capital of the Legal Person (Customer) or for the accumulation of funds obtained in the course of placement of securities.
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Temporary Account has the meaning given in Section 2.1.
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Temporary Account is defined in Section 3.2(a).
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Examples of Temporary Account in a sentence

  • Both a temporary and permanent address must be provided, and a limit of three items at a time may be checked out using a Temporary Account, which is valid for three months.

  • The Bank shall be entitled to debit commissions from the Temporary Account in accordance with the Price List.

  • Terms and conditions of Account (Section 14 of the General Terms and Conditions) shall be applied for opening and servicing the Temporary Account, as far as they are not contrary to the provisions of this Clause 14.6.

  • Disposal of funds on the Temporary Account shall be prohibited before registration of the newly established capital company with the Register of Enterprises of the Republic of Latvia or the termination of incorporation without registration of the capital company.

  • In the case when incorporation of a capital company is terminated without registration, the money paid into the Temporary Account of the capital company shall be transferred by the Bank in accordance with instructions from founders of the capital company who have paid equity capital into the Temporary Account.

  • Capital company, which is incorporated in the Republic of Latvia, before registration with the Register of Enterprises of the Republic of Latvia can open a Temporary Account for the payment of equity capital set forth by the capital company's documents of incorporation.

  • To open the Temporary account, the Customer has to submit an application for Temporary Account opening and documents for account opening specified in the Conditions.

  • Temporary Account Agreement – If this option is selected, this is a temporary account agreement.

  • After registration of the company in the Commercial Register of the Register of Enterprises of the RL, the Temporary Account may be changed into a Current account in accordance with the requirements of these Conditions by submitting the necessary documents, or it may be closed by returning the deposited share capital amount on the basis of the Customer’s application or the Commercial Register decision.

  • Temporary Account Agreement If this option is selected, this is a temporary account agreement.


More Definitions of Temporary Account

Temporary Account means account number 2320839090 of Mountasia maintained with NationsBank, National Association (South), whose office is located at 000 Xxxxxxxxx Xxxxxx, X.X., Xxxxxxx, Xxxxxxx 00000.
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Temporary Account means the account established and maintained pursuant to Section 4.10(a) of the Sale and Servicing Agreement.
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Related to Temporary Account

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Proprietary Account means (1) a securities investment or trading account held in the name of an Employee or any of his or her Family Members, or of which that Employee or any of his or her Family Members has Beneficial Ownership, or (2) a proprietary investment or trading account maintained for the Firm or its Employees, except that the term “Proprietary Account” does not include any such account to which the Firm serves as investment adviser.

  • 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.

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

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

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

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

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Private Account means the portion of a portfolio of a private client or mutual fund client for which the Adviser serves as investment adviser or subadviser.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • 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;

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

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Company Account means the bank or/and electronic Account of the Company, and the Company Account in the Processing Center.

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • 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.

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

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.