Designated Administrative Account definition

Designated Administrative Account means a bank account of the Ceding Company at a bank reasonably acceptable to the Reinsurer to be used by the Ceding Company to pay General Account Liabilities.
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Designated Administrative Account means the Bank Account at the bank and with the account number listed in Exhibit B, as such Exhibit B may be amended by the Ceding Company and the Reinsurer from time to time.
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Designated Administrative Account means a sub-account of the Trust Account to be used by the Reinsurer to pay Net Settlements owed to the Ceding Company at the Ceding Company’s option in accordance with Section 3.3 and by the Ceding Company to withdraw such Net Settlements in satisfaction of such payments. [***]
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Examples of Designated Administrative Account in a sentence

  • The latest EPOA for Lebanon makes reference to SGBV and ‘intimate partner violence’ but includes no strategies to address it.

  • The funds in the Designated Administrative Account may be used by the Ceding Company at any time to pay General Account Liabilities.

  • Adjoining niches can be reserved for family members if niches are available.

  • The Grantor shall not deliver a Designated Administrative Account Transfer Notice except as expressly permitted by this Section 2(c).

  • In accordance with the provisions set forth in Section 5.7, the Ceding Company may request the Reinsurer to withdraw cash and cash equivalents maintained in the Trust Account on a monthly basis in an amount determined by the Ceding Company up to the Monthly Funding Limit, and transfer such cash and cash equivalents to the Designated Administrative Account.

Related to Designated Administrative Account

  • Active Account means an individual investment account in the Plan with a balance greater than $0.

  • 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).

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

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Administration Account As defined in Section 7.02.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Nominated Account means any of the accounts nominated by you from time to time for use with phone banking, internet banking or Credit External payments.

  • Inactive Account means a trader’s Account which had Client-Initiated activity and subsequently it remained inactive for a period of 90 days.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).