US Operating Account definition

US Operating Account means the account so designated in Schedule 6 (Accounts).
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US Operating Account means an account denominated in US dollars opened in Nevada and designated "USD Operating Account" prior to the date of this Agreement;
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Examples of US Operating Account in a sentence

  • There are three bargaining units representing the majority of employee classifications within the District: United Professors of Marin (UPM), California School Employees Association (CSEA) and Service Employees International Union (SEIU).

  • Such funds areautomatically transferred back to the U.S. Operating Account each morning.

  • Finally, the Debtors transfer funds from the U.S. Operating Account to certain investment accounts in accordance with the terms of their Investment Policy (as defined below).

  • Counts I, III, and V [sic] fail to state claims for which relief can be granted.

  • Finally, the Debtors also transfer funds from the U.S. Operating Account to a “Revenue ACH Account,” which is used to make royalty payments to domesticroyalty owners, working interest holders, and joint interest owners that have elected to receive payment through automatic clearing house transfers (“ACH Transfers”).

  • The U.S. Operating Account, which is maintained at JPMorgan Chase Bank, N.A., is the account into which all funds generated by the Debtors’ domestic operations, including product sales, hedge settlements, joint interest billings, and other sources of funds, including, but not limited to, tax refunds and asset sale proceeds are deposited.

  • As discussed in further detail below, the Debtors transfer funds from the U.S. Operating Account to their domestic Payroll and Medical Accounts (each as defined below) to cover employee payroll obligations and medical benefits and to three (3) disbursement accounts from which the Debtors pay domestic vendors, royalty holders, and certain other parties.

  • Funds in the U.S. Operating Account in excess of $250,000 are automatically swept into the Investment Sweep Account nightly and returned to the U.S. Operating Account each morning.

  • In particular, all funds in excess of $250,000 are automatically swept out of the U.S. Operating Account to the Investment Sweep Account (as defined below) on a nightly basis.

  • Funds are transferred from the U.S. Operating Account to the Payroll and Medical Accounts and the disbursement accounts described below.

Related to US Operating Account

  • 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.

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

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

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

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

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

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

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Holding Account means an account:

  • 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.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • 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.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.