Cash Account definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Cash Account has the meaning given to it in Section 4.1.

Cash Account or “Cash Accounts” means any or all of the segregated trust accounts to be established at the Custodian to which the Custodian shall deposit or credit and hold any cash or Proceeds received by it from time to time from or with respect to the Securities or the sale of the Securities of the Company, as applicable, which trust accounts shall be designated the “Cash Proceeds Account”, “Principal Account”, and “Interest Account”.

Examples of Cash Account in a sentence

Iceland Until further notice from J.P. Morgan, no deposits of Icelandic currency will be held in the Customer’s or Fund’s Cash Account except for the proceeds of sales of Securities safekept in Iceland (“Icelandic Securities”) or where income and corporate action proceeds are paid in local currency.
This means that (i) the Client will have use of the funds from the date that a sale was contracted to settle or the payable date, which may be earlier than the date payment actually occurs and (ii) the Custodian will have use of the funds debited from the Cash Account from the date that a purchase was contracted to settle until the date that settlement actually occurs.
Where Contractual Settlement applies, the Custodian will credit or debit the appropriate Cash Account on the contractual settlement date or payable date for the relevant transaction.
If a debit to any currency in the Cash Account results or would result in a debit balance, then J.▇.
This Agreement, including any Schedules, Exhibits, Annexes and Riders (and any separate agreement which J.P. Morgan and the Customer may enter into with respect to any Cash Account), sets out the entire agreement between the parties in connection with the subject matter hereof, and this Agreement supersedes any other agreement, statement or representation relating to custody, whether oral or written.

More Definitions of Cash Account

Cash Account means the account in which the funds handed over by the client shall be held by the Portfolio Manager on behalf of the Client.

Cash Account means the account created by the Company pursuant to Article III of this Plan in accordance with an election by a Director to receive deferred cash compensation under Article II hereof.

Cash Account means any cash account established and maintained by J.P. Morgan pursuant to a custody agreement or deposit account agreement in the name of a Fund (or in another name requested by a Fund) for any and all cash in any currency received by or on behalf of the J.P. Morgan for the account of such Fund.

Cash Account means any cash account established and maintained by ▇.▇. ▇▇▇▇▇▇ pursuant to a custody agreement or deposit account agreement in the name of the Customer (or in another name requested by the Customer) for any and all cash in any currency received by or on behalf of the ▇.▇. ▇▇▇▇▇▇ for the account of the Customer.

Cash Account has the meaning set forth in Section 8.01.

Cash Account means an account established under the Plan for a Non-employee Director to which cash meeting fees and retainers have been or are to be credited in the form of cash.

Cash Account means each current account established by the Custodian for the Client for recording Cash under this Agreement.