Sub Account. An account listed under the account number (for example, a primary share, checking account, IRA account, share certificate, club, etc.)
Sub Account. 3.1 If the Client opens a sub-account with ZUNDIAO for managing and executing the transactions of the Client's customers, the Client must be properly registered or licensed and appointed and authorised by its customers. The Client’s registration/licensing status (if applicable) and its authorisation must be valid during the establishment and maintenance of the sub-account. The Client is solely responsible for the legality of operating the Sub-account in the relevant jurisdiction(s) and agree to indemnify ZUNDIAO against all actions, liabilities, losses, costs, expenses which may be brought against, suffered or incurred by the Client and any of the Client’s affiliates by reason of operation of Sub-account.
Sub Account. Separate Account assets are divided into Sub-Accounts. Each Sub-Account will invest its assets in shares of a single Eligible Fund or a single Portfolio of an Eligible Fund.
Sub Account. A separate division of the Variable Account.
Sub Account. The sub-account is used to offset the mutual claims arising from the deposit agreement between IBIE and the client and from the commission transactions settled through IBIE on behalf of the client and to determine the current amount of the client's credit balance on this basis. The calculation also takes into ac- count collateral (margins) that may have to be provided by the client for orders in derivative financial instruments. The margin amounts are blocked by IBIE on the client's sub-account. IBIE ensures that the client's credit balance is updated on a daily ba- sis. The client can view the sub-account in his name at IBIE. Through the data access to the sub-account, IBIE ensures that client or- ders for the purchase of financial instruments are covered by corresponding credit balances. FXFlat can also view the client's sub-account so that it is ensured that FXFlat as commission agent does not forward any orders of the client to IBIE for which there is no account coverage. Nevertheless, FXFlat is entitled, but not required, to act as a commission agent for the client in advance. Any negative bal- ance on the sub-account - in exceptional cases, e.g. due to can- cellation entries - must be settled by the client without delay.
Sub Account. A subdivision of the Separate Account. Each of the Sub-Accounts invests in the shares of a designated Fund.
Sub Account. A division of the Separate Account holding the shares of a Portfolio in the Investment Segment, the Income Segment, or both. There is a Sub-Account for each Portfolio. Surrender Value - Equal to the Annuity Account Value on the Transaction Date of the surrender, less any Premium Tax and other taxes. Transaction Date - The date on which any Contribution or Request from the Owner will be processed. Contributions and Requests received after the close of regular trading on the New York Stock Exchange (generally 4:00 p.m. ET) will be deemed to have been received on the next Business Day. Requests will be processed and the Annuity Account Value will be valued on each day that the New York Stock Exchange is open for trading. Transfer - The moving of amounts between and among the Sub-Account(s). Valuation Date - The date on which the net asset value of each Portfolio is determined, which is the end of each day that the New York Stock Exchange is open for regular business. Valuation Period - The period between two successive Valuation Dates.
Sub Account. Values: Sub-Account values are determined by multiplying the number of Accumulation Units by the Accumulation Unit Value.
Sub Account. Not applicable.
Sub Account. The Revenue Sub-Account shall be opened in the name of the Issuer and shall be denominated in Rupees.
5.2. 1Deposits into the Revenue Sub-Account The Issuer:
(i) shall deposit and shall procure that all Project Proceeds shall be credited or deposited in the Revenue Sub-Account;
(ii) shall procure that any other amount that would be payable to the Issuer shall be credited to or deposited in the Revenue Sub-Account upon payment thereof;
(i) shall procure that, only as specifically provided under the terms of this Agreement and excluding the amounts standing to the credit of the Surplus Sub-Account and the Cash Trap Sub-Account, any surplus in any of the other Accounts shall be deposited into the Revenue Sub-Account; and
