Band Account definition

Band Account means the account of the Band established by the Chief and Council of the Band at the Institution;
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Band Account means a bank account in the name of the Band on which Lakes does not have signatory authority, which account is designated by the Band pursuant to ss. 13(a) of this Agreement to receive transfers from the Account on account of the Transition Loan and the Non-Gaming Acquisition Line of Credit and $900,000 of the Signing Fee.
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Band Account means the account of the First Nation to be established by the Chief and Council on behalf of the First Nation at a financial institution for the specific purposes required under this Agreement;
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Examples of Band Account in a sentence

  • The expenditure of funds in the Band Account shall be governed by the laws, policies and bylaws of the First Nation in effect from time to time.

  • To assist the Trustee the First Nation, immediately upon the opening of the Band Account, will provide the details of the account to the Trustee.

  • Subject to section 26.02, any revenues received from the Land prior to it being set apart as a Reserve shall be collected by the Holding Corporation, on behalf of and as agent for the First Nation, shall be deposited by the Holding Corporation on behalf of the First Nation on a yearly basis into the Band Account, and shall be administered in accordance with the terms of this Agreement.

  • As soon as is reasonably possible after the execution of this Agreement, and if possible prior to the deposit of the Settlement Monies with the Trustee, the First Nation shall cause to be opened the Band Account, the Authorized Expense Account and a separate account established by the First Nation at a financial institution for the purpose of making the per capita distributions.

  • All Revenues Realized shall be transferred and deposited by the Trustee into the Band Account.

  • The First Nation shall not lend, invest, release, distribute or advance in any way, including to themselves or any other Person, the funds in the Band Account except as may be specifically authorized in this Agreement.

  • Funds transferred by the Trustee to the First Nation and into the Band Account, Authorized Expense Account or separate account established by the First Nation for the purpose of making the per capita distributions are not Trust Property and the Trustee has no responsibility for the funds once deposited into the accounts.

  • A credit card or Band Account ACH Transaction must be on file and will be charged automatically every month.

  • Notwithstanding section 22.01, and after all monies in the Band Account have been paid as otherwise required by this Agreement, the Chief and Council shall be entitled to pay, in the aggregate, up to $20,000 per Fiscal Year from the Band Account for Band Development without having to get approval of the Eligible Members in accordance with section 27.01.

  • The First Nation and the Chief and Council shall have the responsibility for the funds disbursed to the Band Account, to the Authorized Expense Account and to the First Nation.

Related to Band Account

  • Funds and Accounts means funds and accounts created pursuant to or referred to in Section 501

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • 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.

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

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

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

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

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

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

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

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

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

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “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.

  • Credit Account is modified to read “Grant Account”.

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

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Initial Account has the meaning specified in the Transfer Agreement.