Cash Allocation Account definition

Cash Allocation Account. The Cash Allocation Account is a separate account that seeks current income, preservation of capital and liquidity. This account is invested directly in a diversified portfolio of money market securities and may also be invested in Maine CDs.
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Cash Allocation Account means the account that shall be maintained for each member for purposes of determining all cash distributions due to each member from the Company as provided in Article IX. The Cash Allocation Account for each member shall consist of the initial capital contribution made by each member net of liabilities. It is agreed such contribution shall initially be $1,546,765.00 for IRET and $1,486,108.00 for ▇▇▇▇ as of the Effective Date, increased by the allocations to each member provided for by Article IX Sections 1(a)(i),(ii) and (iii) and further increased by any Additional Contributions pursuant to Article VIII and decreased by all cash distributions to Members made under Article IX Sections 2(a) (iii),(iv),(v),(vi), and (vii) and under Article IX Sections 2(b)(iii),(iv)(v),(vi), and (vii). The Cash Allocation Account shall be adjusted monthly.
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Examples of Cash Allocation Account in a sentence

  • To the extent that the yield on any Maine CDs is less than the yield on the money market securities in which the assets of the Cash Allocation Account would otherwise be invested, the yield of Portfolios investing in the Cash Allocation Account will be reduced.

  • By contrast, an age-band of an Age-Based Diversified Portfolio designed for Designated Beneficiaries close to college age will typically invest a smaller portion of its assets in equity Underlying Funds and a greater portion of its assets in fixed income Underlying Funds and/or the Cash Allocation Account.

  • FAME will determine the percentage of the assets of the Cash Allocation Account that is invested in Maine CDs. It is anticipated that investments in Maine CDs, if any, will generally not exceed 10% of the assets of the Cash Allocation Account.

  • As described under “BLACKROCK PORTFOLIOS — Cash Allocation Account,” a portion of the assets of the Cash Allocation Account may be invested in Maine CDs. Such investments, if any, will not generally exceed 10% of the assets of the Cash Allocation Account.

  • The assets of the Cash Allocation Account are invested in a diversified portfolio of money market securities and may also be invested in Maine CDs. BlackRock The Investment Manager is responsible for the selection and management of the money market securities in the Cash Allocation Account, other than Maine CDs. FAME may contract with a third party to select the financial institutions from which any Maine CDs are purchased, which CDs must be insured by the FDIC or fully collateralized.

  • At various times since its inception, the Principal Plus Portfolio has been invested in a guaranteed investment contract, the Cash Allocation Account, and the Bank Deposit Account.

  • FAME has approved one Underlying Fund, the Cash Allocation Account, for Portfolios investing in cash equivalent securities (other than the Principal Plus Portfolio, the NextGen Savings Portfolio and the iShares Portfolios).

  • An investment in the Cash Allocation Account is not insured or guaranteed by any government agency, the Program Distributor, the Investment Manager, the Program Manager or FAME and involves credit and interest rate risks.

  • Cash Allocation Account 0.00% 1.13% 1.00% 0.54% 1.21% 09/05/01** * Average annual total return is a hypothetical rate of return that, if achieved annually, would have produced the same cumulative total return if performance had been constant over the entire period.

  • A portion of certain BlackRock Portfolios may be held in the Cash Allocation Account as described on page 76.