Independent Account definition

Independent Account means each deposit account with a Depository Bank that you open and maintain directly or through an intermediary (such as a deposit broker) and not established pursuant to the Program.
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Independent Account means an independent certified public accountant or firm of independent certified public accountants at the time employed by the Issuer for the purpose of carrying out the duties imposed on the Independent Accountant by this Bond Resolution.
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Independent Account. The Independent Account (as defined in the Settlement Agreement) for the Real Property Collateral.
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Examples of Independent Account in a sentence

  • The Compliance Officer is authorized to make inquiry into any particular individual's situation and determine that a Family Member Independent Account shall be treated as a Personal Account for purposes of this Code and Statement.

  • DWSIPM has concluded that an individual does not have beneficial ownership of an account of such individual's spouse, minor child or other person sharing the same household as such individual (a "Family Member Independent Account") if such individual does not have any investment discretion or control of the account and does not share in the profits of the account.

  • The Independent Account will act as an expert subject to the terms of this Section 2.4 and not an arbitrator, and shall resolve the Disputed Amounts only and make any adjustments to the Closing Balance Sheet, Closing Net Book Value, and Post-Closing Adjustment in accordance with the Accounting Standards.

  • This may cause all or part of your funds in an Independent Account and all or part of your Transferred Funds in the same Depository Bank to exceed FDIC limits and uninsured.

  • Go to flashing light at Wagner Rd (approximately 1/2 mile), and turn left.

  • Each party may submit a “position paper” to the Independent Accountant setting forth the position of such party with respect to such Item of Dispute, and the parties may discuss such matters with the Independent Accountant; provided that no party shall have ex parte discussions with the Independent Account.

  • Your funds on deposit in the Independent Account will not consist of Transferred Funds, and we will have no knowledge of any funds in the Independent Account.

  • In general, the Depository Bank will combine Independent Account deposits you maintain with Transferred Funds you maintain in the same insurable capacity at that Depository Bank for purposes of FDIC insurance coverage.

  • It is crucial for it the moment of crediting on its Independent Account and then for the purposes of the identification payments, Citfin is governed solely and exclusively by the notice of an incoming Payment Transaction.

  • The same strategy is applied to the funds that the Client transferred to Citfin’s Independent Account and which are not a Deposit as per Article 5.22, nor are they designated for the settlement of the obligations of the Client towards Citfin nor were they transferred for the purpose of the settlement of the trade.


More Definitions of Independent Account

Independent Account shall have the meaning set forth in Section 3.4(e).
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Related to Independent Account

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

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • 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.

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

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

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

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • 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.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

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

  • 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.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Expense Account The account established pursuant to Section 10.3(c).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • 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.

  • Member Account means the regular account and the variable account.

  • Independent Assets or Operations means, with respect to any such parent company, that such parent company’s total assets, revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Issuer and the Restricted Subsidiaries), determined in accordance with GAAP and as shown on the most recent balance sheet of such parent company, is more than 3.0% of such parent company’s corresponding consolidated amount.

  • Management Accounts Date means 30 September 2017;

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

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.