Client Trust Accounts definition

Client Trust Accounts means deposit accounts maintained exclusively to hold Borrower’s and its Subsidiaries’ client deposits including prefunds and any other amounts provided by such clients relating to Borrower’s and its Subsidiaries’ administration of such clients’ benefits.
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Client Trust Accounts shall have the meaning set forth in Section 5.18 hereof.
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Client Trust Accounts means all of Target Entities' right, title and interest in and to the client trust funds held by the Target Entities on behalf of the clients served by the Company Operations.
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Examples of Client Trust Accounts in a sentence

  • In addition, the ADO receives a copy of each Overdraft Notice (ODN) that banking institutions send to attorneys or firms holding Client Trust Accounts, and a copy of lawsuits that are filed against attorneys.

  • The Vermont Professional Responsibility Board has published a guide entitled "Managing Client Trust Accounts, Rules, Regulations and Tips" to assist both new and experienced lawyers in dealing with trust accounting questions.

  • This asset recovery has been included in the Client Trust Accounts balance in the high scenario and excluded in the low scenario.

  • HISTORY This item is a new request.Develop a PILOT Program for Shelter Cost Reimbursement and Client Trust Accounts REQUEST Development of a PILOT program fully reimbursing Westchester County for shelter costs, and allowing the Department of Social Services to transfer their clients’ shelter payments to trust accounts.

  • All amounts due to clients of Parent or any of the Subsidiaries for collections made by the Seller Parties as of the date hereof have either been remitted to the proper clients or have been deposited in escrow accounts ("Client Trust Accounts") maintained by Parent or a Subsidiary, the rights of Parent and the Subsidiaries, as applicable in respect of which Client Trust Accounts are being transferred to Purchaser on the date hereof.

  • Section 5.5(a) of the Seller Disclosure Letter sets forth an accurate and complete list of all bank accounts, other accounts, certificates of deposit, marketable securities, other investments, safe deposit boxes, lock boxes and safes where any Client Trust Accounts are maintained and the names of all officers, employees or other individuals who have access thereto or who are authorized to make withdrawals therefrom or dispositions thereof.

  • The cash assets held in Client Trust Accounts are sufficient to satisfy the customer accounts payable and as of the Closing Date all of Seller Parties' customers will have been paid in full or the cash assets held in Client Trust Accounts will be sufficient to satisfy all customer accounts payable as of the Closing Date.

  • Hydrocarbon contamination was highlighted to originate from activities carried out by the previous occupiers.

  • Interest earned on client trust accounts is treated as follows: • Pooled Client Trust Accounts: Kentucky lawyers, unless otherwise exempt, are required to participate in the Interest On Lawyers’ Trust Accounts (IOLTA) program established by the recently amended SCR 3.830.

  • In addition, the ADO receives a copy of each Overdraft Notice (ODN) that banks send to attorneys or firms holding Client Trust Accounts, and a copy of lawsuits that are filed against attorneys.

Related to Client Trust Accounts

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Collection Accounts As defined in Section 3.10(a).

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

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

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

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

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

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.