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.

  • Lender shall invest all of such funds held by Lender in or from the Central and Ancillary Accounts in Permitted Investments.

  • 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.

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 accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

  • 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 accounts referred to in and required to be established under the Senior Funding Agreements;

  • 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 unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Intercompany Account means any intercompany account balance outstanding as of immediately prior to the Initial Closing between (a) the Company or any of its Subsidiaries, on the one hand, and (b) the Owner or any Affiliate of the Owner (other than the Company or any of its Subsidiaries), any of their respective directors, officers or employees or any spouse, parent, siblings, descendants (including adoptive relationships and stepchildren) of the Owner and the spouses of each such natural persons, on the other hand.

  • 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.

  • 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.