Inter-Company Account Sample Clauses

Inter-Company Account. Any Account from any Account Debtor with Borrower in any manner including, without limitation, as owner, member, partner, shareholder, officer, director, employee, agent, or which is an affiliate of Borrower.
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Inter-Company Account. WWC shall maintain on its books and records an account (the "Inter-Company Account") in which shall be recorded all transfers of funds to and from the Concentration Account, and all Advances and Credits hereunder, the interest rate applicable thereto and all payments made with respect to such Advances. WWC shall, on each day when funds are transferred to the Concentration Account or Advances are made, credit to each Party on the books of the Inter-Company Account, all WPCS Required Funds or WWC Required Funds which constitute good funds received on behalf of such Party and its Subsidiaries on such day, debit to such Party the aggregate amount of all Advances and Expenditures paid out on such day on behalf of such Party and its Subsidiaries, and make all necessary banking corrections and other adjustments, resulting from errors or otherwise. The date and amount of each Advance made by WWC on behalf of WPCS and its Subsidiaries, each payment made (or credited in accordance with Section 3(b)(iii)) on account of any Obligation, each Credit, as well as all transfers to and from the Concentration Account, shall be recorded promptly by WWC on the Inter-Company Account. It is understood and agreed that the failure by WWC to make, or any error in making, any such record shall not affect (i) WPCS's or its Subsidiaries' liability hereunder in respect of any of the Obligations, or (ii) the discharge of WPCS and its Subsidiaries for any payment actually made by WPCS and its Subsidiaries on account of any of the Obligations, or (iii) WWC's liability hereunder in respect of any Credits owing to WPCS or its Subsidiaries following the Termination Date.
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Inter-Company Account. With the exception of Blue Cross/Blue Shield and its family of companies, any Account from any Account Debtor with Borrowers in any manner including, without limitation, as owner, member, partner, shareholder, officer, director, employee, agent, or which is an affiliate of Borrowers.
Sample 1

Related to Inter-Company Account

  • Intercompany Accounts 6 Section 3.05.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Primary Accounts Borrower will maintain its primary depository and operating accounts with Bank.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • Special Account For the purposes of this Schedule:

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

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