TRA Bank definition
Examples of TRA Bank in a sentence
The PE further declares that all the legal right, title and interest in and to the trust, the Receivables, the TRA Account, the monies therein and the Authorised Investments including any document of title in relation thereto made from the TRA Account shall be vested in the TRA Bank and held for the benefit of the Beneficial Parties in accordance with the terms of this Agreement and their respective interests are provided for herein.
The PE hereby settles in trust with the TRA Bank a sum of Rs. (Rupees ) for the benefit of the Beneficial Parties.
Statutory Dues Account The Statutory Dues Account shall be established by the TRA Bank at U.T of Chandigarh in the name of the PE.
Withdrawals from the Statutory Dues Account On the deposit of any amounts in the Statutory Dues Account in accordance with Section 3.2(B)(ii), the TRA Bank shall withdraw amounts from the Statutory Dues Account as are required by the PE to make payments of Statutory Dues.
The TRA Bank shall not make any transfer or withdrawal other than in accordance with this Agreement, unless the TRA Bank has received evidence of the prior written consent of the Beneficial Parties authorising such use.
Withdrawals from the Market Fee Account On the deposit of any amounts in the Market Fee Account in accordance with Section 3.2(B)(i), the TRA Bank shall withdraw amounts from the Market Fee Account as are required by the PE to make payments of Market Fee as required under Applicable Law.
Withdrawals from the Surplus Account The TRA Bank shall pay, from time to time, to the PE, within seven (7) days of receiving directions in this regard from the PE, such amounts from the Surplus Account as the PE may direct.
Save as provided in Section 6, the PE and the TRA Bank, shall not assign or transfer any part of their respective rights or obligations under this Agreement without the prior consent of SAMB.
Market Fee Account The Market Fee Account shall be established by the TRA Bank at U.T of Chandigarh Branch in the name of the PE.
Within seven (7) days following the end of each calendar Month, the TRA Bank shall notify the SAMB of the respective balances in the TRA Account (including balances in each of the sub-accounts thereunder) as on the last Business Day (of the Month) and a statement of balances in TRA Account on the first Business Day of each Month.