Examples of Blocked Account in a sentence

Such shares shall be deposited in a Blocked Account with a depository company and their deposit shall be certified by the depository company.
Provided that charges of opening and operating of the said Blocked Account with the depository company shall be borne by the holder of such shares.
A separate "Order To Deposit Money Into Blocked Account" (MC-355) if a blocked account is to be used.
If the petition seeks to have settlement proceeds deposited into a blocked account, the petitioner must also file a completed Judicial Council Form MC-355, Order to Deposit Money Into Blocked Account.
Requests for withdrawal of funds deposited into a blocked account must be made using Judicial Council Form MC-357, Petition For Withdrawal of Funds From Blocked Account.

More Definitions of Blocked Account

Blocked Account has the meaning set forth in Section 4.1.

Blocked Account has the meaning provided in SECTION 2.18(c).

Blocked Account means a deposit account maintained by the Debtor with a Blocked Account Bank which account is the subject of an effective Blocked Account Letter, and includes all monies on deposit therein and all certificates and instruments, if any, representing or evidencing such Blocked Account;

Blocked Account. Any DDA into which the contents of any other DDA is transferred.

Blocked Account has the meaning set forth in Section 2.10(c) hereof.

Blocked Account shall have the meaning set forth in Section 3.01(b) hereof.

Blocked Account means any deposit account in which any funds of any of the Loan Parties from one or more DDAs (other than any Excluded DDA) are concentrated and with respect to which a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.