Distributions Account definition

Distributions Account means the account:

Distributions Account has the meaning given in the Accounts Agreement;

Distributions Account the Distributions Account established and maintained pursuant to the Security Deposit Agreement.

Examples of Distributions Account in a sentence

• All or any amount of Cash received by the Trustee-Manager from the Group for the purpose of making Distributions to the Unitholders shall be deposited in the Distributions Account pending the relevant Distribution to Unitholders.

• Save where the Trustee-Manager is fraudulent, in wilful default or negligent, the Trustee-Manager shall not incur any liability to the Unitholders in respect of or be responsible for losses incurred through the insolvency of, or any act or omission of, any of the licensed banks in Hong Kong with which the Distributions Account, the Custody Account and/or the Subscriptions Account is opened.

• The Distributions Account shall be a segregated account and amounts standing to the credit of the Distributions Account shall be held on trust for the Registered Holders of Units upon and subject to the terms and conditions of this Deed.

• The Distributions Account shall be operated by joint authorised signatories, at least one of whom shall be designated by the Trustee-Manager and at least one of whom shall be designated by the Company.

• The problem statement is a statement that elaborates on the issue or problem that led to the conducting of this research study.

More Definitions of Distributions Account

Distributions Account means the account so designated opened and maintained in accordance with the Accounts Agreement, in the name of the Issuer, with the Lead Account Bank;

Distributions Account has the meaning given to that term in the Trust Deed;

Distributions Account means the bank account to be opened and operated in accordance with Clause 18.2;

Distributions Account has the meaning set forth in Section 5(a).

Distributions Account means the account held and maintained by the Borrower pursuant to Clause 9.

Distributions Account means the account opened and maintained by ProjectCo with the Account Bank in accordance with clause 13 of the Accounts Agreement;

Distributions Account means the dollar account in London so designated, in the name of the Company and held with the Account Bank;