Unallocated Account definition

Unallocated Account means the loco London unallocated Bullion account, number [ ], or loco Zurich the unallocated Bullion, account number [ ], each established in the name of the Trustee with the Custodian pursuant to the Unallocated Account Agreement;
Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.
Unallocated Account means the account maintained by us in your name on an Unallocated Basis pursuant to this agreement.

Examples of Unallocated Account in a sentence

  • The Trustee acknowledges that the process of allocation of Bullion to the Allocated Account from the Unallocated Account may involve minimal adjustments to the weights of Bullion to be allocated to adjust such weight to the number of whole bars available.

  • The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Bullion into and from the Unallocated Account, and in doing so the Custodian will consider the Trustee’s needs to communicate any such change to Authorized Participants and others.

  • Transfer of Gold Bullion to the Unallocated Account of the Clearing House, must be done in accordance with the provisions of the LBMA and LPMCL.

  • Gold Bullion in the Unallocated Account will be unidentifiable, and present the contractual obligations from the custodian to the Clearing House.

  • Reports of a transfer of Bullion which we debit from your Allocated Account for credit to your Unallocated Account on a Business Day and a transfer of Bullion which we debit from your Unallocated Account for credit to a Third Party Unallocated Account on that Business Day and of the balances in your Allocated Account and Unallocated Account for that Business Day shall be prepared overnight as at the close of our business on that Business Day.


More Definitions of Unallocated Account

Unallocated Account means, in relation to a Precious Metal, the account(s) maintained by us in your name recording the amount of that Precious Metal which we have a contractual obligation to transfer to you (or, in the case of a negative balance, if so permitted by us, which you have a contractual obligation to transfer to us).
Unallocated Account means the sub-account maintained by us in your name recording the amount of Gold which either we or you, as the case may be, have a right to call upon the other party to deliver to it.
Unallocated Account means the unallocated Bullion account number [ ] established in the name of the Trustee with the Custodian pursuant to the Unallocated Account Agreement;
Unallocated Account means the account maintained by us in your name on an Unallocated Basis pursuant to the Unallocated Bullion Account Agreement.
Unallocated Account means the unallocated Bullion account numbers 47403 UA for gold, 14535 UA for silver, 30581 UA for platinum and 20556 UA for palladium opened in the name of the Trustee with the Custodian pursuant to the Unallocated Accounts Agreement;
Unallocated Account means, in respect of a Series of Securities, the Unallocated Account (Custodian) and each Unallocated Account (Sub-Custodian) (if any) in respect of such Series.
Unallocated Account means, in relation to Precious Metal, the account maintained by us in your name recording the amount of Precious Metal held on an Unallocated Basis pursuant to the Unallocated Bullion Account Agreement that, in the case of a positive balance, we have a contractual obligation to transfer to you and that, in the case of a negative balance, if so permitted by us, you have a contractual obligation to transfer to us.