Commingled Account definition

Commingled Account means the Portfolio Protected Buyout Separate Account, an insurance company separate account the assets of which are owned by Prudential. The assets of this separate account will be held by Prudential in one or more custody accounts at entities independent of Prudential that only hold assets allocated to this separate account. Following consummation of a small account conversion in accordance with Section 1.10 (“Small Account Conversion”), this commingled separate account shall hold assets supporting the payment obligations of Prudential under this Contract. Such separate account also supports Prudential's payment obligations under other group annuity contracts issued by Prudential. Each such contract obligates Prudential to make payments to the contract-holder and/or to individual covered lives, contingent covered lives and beneficiaries in amounts measured and adjusted by the life-span of such covered lives, by any lump sum amounts due and/or by the remaining portion of any period certain annuities.
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Commingled Account means the Non-Participating Group Annuity Separate Account of Prudential. Such separate account also supports Prudential’s payment obligations under other group annuity contracts issued by Prudential. Each such contract obligates Prudential to make payments to the contract-holder and/or to individual covered lives, contingent lives and beneficiaries in amounts measured by the life-span of such covered lives, by any lump sum amounts due, by the remaining portion of any period certain annuities, and/or by any contract surrender amounts due.
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Commingled Account means a separate account of Athene that may hold assets supporting the payment obligations of Athene under this Contract following a Small Account Conversion in accordance with Section 1.11. Such separate account may also support Athene’s payment obligations under other separate account group annuity contracts issued by Athene.]
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Examples of Commingled Account in a sentence

  • Par- ticipations in the Commingled Account are to be made available only on the premises of the Bank (including its branches), or to per- sons who are already customers of the Bank in other connections, or in response to unso- licited requests.

  • Therefore, the Trust will apply the separate Commingled Account Investment Policy adopted for the Employees’ Retirement System to commingled accounts and that policy will supersede all other Trust guidelines.

  • Par- 12 CFR Ch. II (1–1–21 Edition)ticipations in the Commingled Account are to be made available only on the premises of the Bank (including its branches), or to per- sons who are already customers of the Bank in other connections, or in response to unso- licited requests.

  • Therefore, the System has adopted a separate Commingled Account Investment Policy that supersedes all other System guidelines.

  • The questions in this section must be answered by the Entity irrespective of whether: the Entity is depositing its Clients’ assets with its Custodian(s) or also its Clients’ third-party client assets the assets are held in a Segregated, Omnibus or Commingled Account structure Annex 1: Explanatory Notes These explanatory notes are designed to assist in the completion of the ISSA questionnaire.

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  • Commingled Account: A securities account opened by the Account Holder with the Custodian in which securities are deposited on behalf of several Ultimate Assets Beneficial Owners, irrespective of whether the account is a Segregated Client Account or an Omnibus Client Account.

  • The limited funds in the Commingled Account were $10 million to $20 million less than would have been necessary to pay all of CLM’s obligations related to all of its loans.

  • Letter to Barbara Citizen of PNC Bank requesting the transfer of funds from the Commingled Account to the Administrative Account on or before June 28, 2013.

  • After consummation of a small account conversion in accordance with Section 1.10 (“Small Account Conversion”), the Commingled Account shall be the “Separate Account” supporting Annuity Payments hereunder.


More Definitions of Commingled Account

Commingled Account means the Non-Participating Group Annuity Separate Account of Prudential. This commingled separate account may hold assets supporting the payment obligations of Prudential under this Contract following a Small Account Conversion in accordance with Section 1.11. Such separate account also supports Prudential’s payment obligations under other separate account group annuity contracts issued by Prudential.
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Related to Commingled Account

  • Controlled Account has the meaning specified therefor in Section 7(k).

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Controlled Accounts means the Collection Account and the Unfunded Exposure Account.

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

  • Investment Account As defined in Section 3.12(a).

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Separate Accounts means the accounts which are to be prepared for each

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Direct Account : means any Account which is not an ISA Account.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • 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.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.