Admission of Financial Participants Sample Clauses

Admission of Financial Participants. After the initial execution of this Financial Addendum, any Participant of the Agreement may execute this Financial Addendum and become a Financial Participant, provided that such Participant: (i) reimburses existing Financial Participants for a proportionate share of the applicable costs identified during NCPA’s Annual Budget process Exhibit C and any GPP Costs incurred to establish and administer this Financial Addendum, as determined by the existing Financial Participants, and (ii) satisfies all Security Account requirements under the Agreement and this Financial Addendum. A new Financial Participant shall not be entitled to participate in any Financial Transactions consummated prior to the date it becomes a Financial Participant unless one or more of the existing Financial Participants (each, an “Allocating Financial Participant”) elect to assign all or a portion of their Financial Transaction Subscription Percentage in one or more such Financial Transactions to such new Financial Participant. Upon an agreement thereof and affirmative vote thereon by all other Financial Participants, NCPA shall prepare and distribute to each Financial Participant (i) the applicable agreements between the new Financial Participant and the Allocating Financial Participant(s) regarding such assignment, (ii) a counterpart of this Financial Addendum executed by the new Financial Participant and (iii) a report from NCPA’s Deal Capture System reflecting the new allocation of Financial Transaction Subscription Percentages. Any fees relating to such assignment shall be settled exclusively between each Allocating Financial Participant and the new Financial Participant. In connection with each such assignment, any reduction in an Allocating Financial Participant’s Security Account requirements shall be credited back to the Allocating Participant in accordance with Section 5.3.2 of the Exhibit C Agreement and Section 5 of this Financial Addendum and the new Financial Participant shall immediately be required to satisfy such requirements by funding its own Security Account.
Sample 1
AutoNDA by SimpleDocs

Related to Admission of Financial Participants

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • Financial Participation Prohibited Under Section 2155.004, Texas Government Code (relating to financial participation in preparing solicitations), Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive this Contract and acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.

  • Disclosure Statement for Xxxxxxxxx Education Savings Accounts 1. Who is Eligible for a Xxxxxxxxx Education Savings Account? Anyone may contribute to a Xxxxxxxxx Education Savings Account regardless of his or her relationship to the beneficiary. The beneficiary of a Xxxxxxxxx Education Savings Account

  • Certain Savings Accounts 1. An account established and maintained in the Slovak Republic that satisfies any of the following:

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Individual Accounts An individual account is an account owned by one depositor including any individual, corporation, partnership, trust, or other organization qualified for Credit Union membership. If the account is an individual account, the interest of a deceased individual owner will pass, subject to applicable law, to the decedent’s estate or payable on death (“POD”) beneficiary, if applicable.

  • Deduction of Rollovers and Transfers A deduction is not allowed for rollover or transfer contributions.

  • Closing Your PayPal Account You can close your account at any time. See the PayPal Help Center for how to do this. We may close your account at our convenience by providing you with two months’ prior notice. We may also close your account at any time if:

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

Time is Money Join Law Insider Premium to draft better contracts faster.