Ancillary Accounts definition

Ancillary Accounts shall have the meaning provided in Section 12.1(a) hereof.
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Ancillary Accounts and “Ancillary Account Banks” are defined in Section 7.1.
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Examples of Ancillary Accounts in a sentence

  • Lender may invest all of such funds held by Lender in or from the Deposit Account and any Ancillary Accounts in Permitted Investments, except that Lender shall have no obligation to invest or pay any interest or other return on (i) account balances of $25,000 or less, (ii) funds held or to be held for 45 days or less, or (iii) any funds after an Event of Default.

  • However, if an account is dormant in excess of three years, the balance will be transferred to the Division Revolving account or Campus Reserve as appropriate.How are deposits made to Ancillary Accounts?Deposits to Ancillary Accounts can be made directly by bringing the money to the Bursar’s office.

  • Lender may elect to change any financial institution in which the Deposit Account or the Ancillary Accounts shall be maintained, and Lender shall give the Borrower written notice of any such change.

  • All earnings on Permitted Investments in the Deposit Account and Ancillary Accounts shall be for the benefit of the Borrower and shall be credited to the Deposit Account and Ancillary Accounts.

  • Prior to application in accordance with the terms hereof, all amounts in the Deposit Account and any Ancillary Accounts shall remain assets of the Borrower, subject to the pledge, lien and security interest granted to Lender hereunder, and subject to all of the terms and conditions of this Agreement and the other Loan Documents.

  • The Central Account and the Ancillary Accounts may be referred to as the “Central and Ancillary Accounts,” and the Central Account Bank and the Ancillary Account Banks may be referred to as the “Central and Ancillary Account Banks.” The Central Account shall be deemed to contain such sub-accounts as Lender may designate (“Sub-Accounts”), which may be maintained as separate ledger accounts and need not be separate Eligible Accounts.

  • Lender may invest all of such funds held by Lender in or from the Deposit Accounts and any Ancillary Accounts in Permitted Investments, except that Lender shall have no obligation to invest or pay any interest or other return on (i) account balances of $25,000 or less, (ii) funds held or to be held for 45 days or less, or (iii) any funds after an Event of Default.

  • Lender may elect to change any financial institution in which the Deposit Accounts or the Ancillary Accounts shall be maintained, and Lender shall give the Borrower written notice of any such change.

  • Without limitation of the foregoing, Lender may apply any and all funds in the Central and Ancillary Accounts against all or any portion of any of the Obligations, in any order.

  • All earnings on Permitted Investments in the Central and Ancillary Accounts shall be for the benefit of Borrower and shall be credited to the Central and Ancillary Accounts.

Related to Ancillary Accounts

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

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

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Proprietary Account means (1) a securities investment or trading account held in the name of an Employee or any of his or her Family Members, or of which that Employee or any of his or her Family Members has Beneficial Ownership, or (2) a proprietary investment or trading account maintained for the Firm or its Employees, except that the term “Proprietary Account” does not include any such account to which the Firm serves as investment adviser.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Lockboxes has the meaning set forth in Section 2.7.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

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

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

  • Separate Accounts means the accounts which are to be prepared for each

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • cash memorandum account means an account so designated by the Operator of the relevant system.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;