Authority Account definition

Authority Account means the account so designated in the Purchase and Remarketing Fund.
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Authority Account means the Authority PSL-Sourced Proceeds Account.
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Authority Account means the account set up by the Operator under Article 7, and “for the Authority Account" means for the benefit and risk and at the expense of the Parties in accordance with their respective Proportionate Interests;
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Examples of Authority Account in a sentence

  • The[ Trust or the] Authority, or its respective designated representative, as the case may be, shall select investments having such maturities as shall cause [each]the Authority Account to have a sufficient cash balance as of any day to cover the transfers necessary to be made from such Authority Account on such day in accordance with this Agreement.

  • Any interest, investment income or gain realized as a result of any investments pursuant to Section 5.1 held in the [Accounts]Authority Account (net of the expenses incurred in connection with making such investments) shall be deposited, as soon as practicable (and reinvested as provided herein), shall be retained in the Authority Account on which such amount was realized.

  • It is acknowledged by the Parties hereto that all interest and other investment income earned on amounts on deposit in[ both] the Authority[ Account and the Trust] Account for Federal, state and local income tax purposes shall be attributed to the Authority.

  • All amounts held in the Authority Account by the applicable Depositary Bank shall, until disbursed in accordance with the terms of this Agreement, constitute the property of the Authority, subject to the provisions of Article III hereof and the Sale Documents.

  • In the event that a money market fund is designated herein as an initial investment for [any]the Authority Account, the party or parties designating the investment acknowledge receipt of the prospectus for such fund at the time of execution of this Agreement.


More Definitions of Authority Account

Authority Account means the Account by that name established in the General Fund.
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Authority Account means the designated account of the Authority at a Deposit Bank, namely the account 012-899-1-003883-3 at Bank of China or the account 004-048-3-037990 at the HSBC;
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Authority Account means the designated account of the Authority at a Deposit Bank;
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Authority Account means, as applicable, the 2020 Series A Authority Account or the 2020 Series B Authority Account, within the 2020 Bonds Purchase Fund established pursuant to Section 17.01(c).
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Authority Account shall have the meaning set forth in Section 3 of this Trust Agreement.
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Related to Authority Account

  • Security Account “Software”, and “Supporting Obligations”.

  • Facility Account means the Seller’s Account No. 55-66681 at Bank One.

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Disbursement Account has the meaning ascribed to it in Section 1.1(e).

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Credit Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.