Transition Account definition

Transition Account shall have the meaning given it in Section 5.2.
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Transition Account shall have the meaning given it in subparagraph 4(B).
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Transition Account. An account consisting of the sum of the sub-accounts of individual non-vested Account balances of Terminated Participants.
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Examples of Transition Account in a sentence

  • The books and records of Agent shall reflect that the Transition Account and all Cash Collateral on deposit therein are owned by NAI, subject to a pledge and security interest in favor of Agent for the benefit of BNPLC and Participants.

  • Pending deposit in the Accounts or other application as provided herein, all Cash Collateral received by Agent shall be credited to and held by Agent in an account (the "TRANSITION ACCOUNT") styled "NAI Collateral Account, held for the benefit of BNP Leasing Corporation and the Participants," separate and apart from all other property and funds of NAI or other Persons, and no other property or funds shall be deposited in the Transition Account.

  • The books and records of BNPPLC shall reflect that the Transition Account and all Cash Collateral on deposit therein are owned by LRC, subject to a pledge and security interest in favor of BNPPLC for the benefit of BNPPLC and Participants.

  • Pending deposit in the Deposit Accounts or other application as provided herein, all Cash Collateral received by BNPPLC shall be deposited directly into, and credited to and held by BNPPLC in, an account maintained by BNPPLC in its own name with BNPPLC’s Parent (the “Transition Account”), but held for the benefit of BNPPLC and the Participants separate and apart from all other property and funds of BNPPLC, LRC or other Persons, and no other property or funds shall be deposited in the Transition Account.

  • A Terminated Participant's non-vested Account balance shall be held in the Transition Account and invested in interest bearing deposits (which may include interest bearing deposits of the Trustee) and/or money market type assets or funds.

  • In accordance with Section 10.01 of the Standard Terms, the Trustee will make an election to treat all of the assets of the Trust (except the Pre-Funding Account, the Capitalized Interest Account, the Certificateholders' Interest Carryover Account, the Servicing Transition Account, and the Certificate Account), as three real estate mortgage investment conduits (each, a "REMIC" and, individually, the "Pooling REMIC," the "Intermediate REMIC" and the "Issuing REMIC") for federal income tax purposes.

  • On the Effective Date and each Business Day thereafter, including each Base Rent Date, LRC must deliver to BNPPLC for deposit directly into the Transition Account, or (if directed to do so by BNPPLC) deliver to Deposit Takers for deposit directly into the Deposit Accounts, in either case subject to the pledge and security interest created hereby, funds as Cash Collateral then needed (if any) to cause the Value of the Cash Collateral to be no less than the Minimum Collateral Value.

  • As soon as practicable following the Transition Date, ElderCare shall pay to Parent an amount equal to the amount set forth in the COBRA Transition Account.

  • Parent shall keep a separate account of the costs of such COBRA compliance administration that are incurred and paid for by Parent with respect to any ElderCare Individuals and their covered dependents at any time during the period from the Close of the Distribution Date through the Close of the Transition Date (the "COBRA Transition Account").

  • With regard to a Terminated Participant, such statements shall not include the portion, if any, of his or her non-vested Account balance maintained in the Transition Account.


More Definitions of Transition Account

Transition Account shall have the meaning given it in Section
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Transition Account means the account established and maintained under this Plan by the Committee to record a Participant’s interest under this Plan attributable to the portion of any Transition Contributions allocated to such Participant and forfeitures applied pursuant to Section 3.7 to reduce the amount of such contributions for such Participant.
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Transition Account and “Transition Accounts” are each defined in Section 5.9(a).
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Transition Account has the meaning set forth in the Administration Agreement.
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Transition Account means the account established under the Plan that reflects your interest under the Plan attributable to any Transition Contributions made for you.
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Related to Transition Account

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Collection Accounts As defined in Section 3.10(a).

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Administration Account As defined in Section 7.02.

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

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

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

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

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

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