Liquidation Account definition

Liquidation Account means the account established by the Resulting Stock Holding Company representing the liquidation interests received by Eligible Account Holders and Supplemental Eligible Account Holders in exchange for their interest in the Mutual Holding Company in connection with the Conversion and Reorganization in accordance with Section 15 hereof.

Liquidation Account means that certain bank account numbered 000-000-0 maintained at BMO Xxxxxx Bank in Chicago, Illinois or such other account at such other bank approved by the Agent, with the Purchasers and their respective Purchaser Agents receiving notice that such account is maintained at such bank, in either case, which is in the name of “Liquidation Account, Bank of Montreal as Agent,” and pledged, on a first-priority basis, by the Seller to the Agent pursuant to Section 1.2(d).

Liquidation Account means the account established by the Bank representing the liquidation interests received by Eligible Account Holders and Supplemental Eligible Account Holders in exchange for their interests in the Bank immediately prior to the Conversion, as set forth in Section 15 hereof.

Examples of Liquidation Account in a sentence

• A person claiming to be entitled to any money paid into the Companies Liquidation Account may apply to the Board for an order for payment of the money claimed; which may, if satisfied that such person is entitled to the whole or any part of the money claimed, make an order for the payment to that person of the sum due to him, after taking such security from him as it may think fit.

• Any liquidator who retains any money which should have been paid by him into the Companies Liquidation Account under this Regulation shall pay interest on the amount retained at the rate of twelve per cent per annum, and also pay such penalty as may be determined by the Board.

• Before the order of dissolution is passed under section 54(2), the liquidator shall apply to the Adjudicating Authority for an order to pay into the Companies Liquidation Account in the Public Account of India any unclaimed proceeds of liquidation or undistributed assets or any other balance payable to the stakeholders in his hands on the date of the order of dissolution.

• A stakeholder, who claims to be entitled to any amount deposited into the Corporate Liquidation Account, may apply to the Board in Form J for an order for withdrawal of the amount: Provided that if any other person other than the stakeholder claims to be entitled to any amount deposited into the Corporate Liquidation Account, he shall submit evidence to satisfy the Board that he is so entitled.

• A liquidator shall submit to the authority with which the corporate debtor is registered and the Board, the evidence of deposit of the amount into the Corporate Liquidation Account under this regulation, and a statement in Form-I setting forth the nature of the amount deposited into the Corporate Liquidation Account, and the names and last known addresses of the stakeholders entitled to receive the unclaimed dividends or undistributed proceeds.

More Definitions of Liquidation Account

Liquidation Account means the Co-operative Societies Liquidation Account established by rule 49;

Liquidation Account means that certain bank account numbered [*] and pledged, on a first-priority basis, by the Seller to the Agent pursuant to SECTION 1.2(d).

Liquidation Account is defined in Section 6.1.

Liquidation Account means the account established pursuant to Section 14.1 of the Plan.

Liquidation Account means an account that represents the potential interest of

Liquidation Account means an Eligible Account maintained by the Collateral Agent which shall be held in the name of the Collateral Agent, and entitled the "GSLP Offshore Investment Fund A, L.P. Secured Parties Liquidation Account" established on the Issue Date until the Pledge Agreement shall terminate.

Liquidation Account means that certain bank account numbered 181-446-6 maintained at BMO Harris Bank in Chicago, Illinois or such other account at such other bank approved by the Agent, with the Purchasers and their respective Purchaser Agents receiving notice that such account is maintained at such bank, in either case, which is in the name of “Liquidation Account, Bank of Montreal as Agent,” and pledged, on a first-priority basis, by the Seller to the Agent pursuant to Section 1.2(d) .