Association account definition

Association account means the Utah Property and Casualty Insurance Guaranty Association Account created by Section 31A-28-205.
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Association account means an operating account or a reserve account.
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Association account means any account or safe-deposit box or similar property maintained by a corporation, statutory close corporation, limited liability company, partnership, limited partnership, limited liability partnership, foundation, trust, national, state, or local government or quasi-government entity, or other incorporated or unincorporated association.
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Examples of Association account in a sentence

  • The Indenture Trustee shall establish and maintain an administrative subaccount within the Collection Account for the benefit of the Noteholders, each Swap Counterparty and the Certificateholders (the "Principal Distribution Account"), which is U.S. Bank National Association Account #118220002 as of the Closing Date.

  • The Indenture Trustee shall establish and maintain an administrative subaccount within the Collection Account for the benefit of the Noteholders, each Swap Counterparty and the Certificateholders (the "Principal Distribution Account"), which is U.S. Bank National Association Account # 123072002 as of the Closing Date.

  • The Indenture Trustee shall establish and maintain an administrative subaccount within the Collection Account for the benefit of the Noteholders and the Certificateholder (the "Principal Distribution Account"), which is U.S. Bank National Association Account #103403002 as of the Closing Date.

  • DEPOSIT CHECK INTO: (Check one box) [ ] Lafayette Bank and Trust Company [ ] First Merchants Bank, National Association Account Number ____________________________________________ for the credit of the shareholder(s).

  • Party A will make payments to Party B by transfer to the account of Party B at KeyBank National Association (Account Number: Please Provide ____________________).

  • To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Association hereby expressly authorizes Manager to make withdrawals of the Management Fee from the Association Account as such fees become due and payable during the Term and thereafter as provided in Section 6.3.

  • The Indenture Trustee shall establish and maintain an administrative subaccount within the Collection Account for the benefit of the Noteholders and the Certificateholder (the “Principal Distribution Account”), which is U.S. Bank National Association Account #789194002 as of the Closing Date.

  • KeyBank National Association, Account No. 359681320529 or any successor deposit accounts approved by Agent.

  • Unless otherwise specified by the ---------------------- Borrower and agreed to by the Lender, each Advance shall be credited by the Lender to the Borrower's deposit account number 12579-53309, FFC 10-10-435- 0000000, with Bank of America National Trust and Savings Association, Account Administration (South) [bank routing (ABA) number 000-000-000], subject to the terms and conditions set forth herein.

  • Party B will make payments to Party A by transfer from the account of Party B at KeyBank National Association (Account Number: Please Provide _______________), and Party A is irrevocably authorized to debit such account for each such payment (it being understood that Party B will at all times maintain sufficient balances in such account for such purposes).


More Definitions of Association account

Association account means the bank account of the Association established as described in Sections 4.8 and 4.9.
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Related to Association account

  • Administration Account As defined in Section 7.02.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Investment Account As defined in Section 3.12(a).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Direct Account : means any Account which is not an ISA Account.

  • Note Account As defined in the Indenture.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.