Commingled Account definition

Commingled Account means the Portfolio Protected Buyout Separate Account, an insurance company separate account the assets of which are owned by Prudential. The assets of this separate account will be held by Prudential in one or more custody accounts at entities independent of Prudential that only hold assets allocated to this separate account. Following consummation of a small account conversion in accordance with Section 1.10 (“Small Account Conversion”), this commingled separate account shall hold assets supporting the payment obligations of Prudential under this Contract. Such separate account also supports Prudential's payment obligations under other group annuity contracts issued by Prudential. Each such contract obligates Prudential to make payments to the contract-holder and/or to individual covered lives, contingent covered lives and beneficiaries in amounts measured and adjusted by the life-span of such covered lives, by any lump sum amounts due and/or by the remaining portion of any period certain annuities.
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Commingled Account means the Non-Participating Group Annuity Separate Account of Prudential. Such separate account also supports Prudential’s payment obligations under other group annuity contracts issued by Prudential. Each such contract obligates Prudential to make payments to the contract-holder and/or to individual covered lives, contingent lives and beneficiaries in amounts measured by the life-span of such covered lives, by any lump sum amounts due, by the remaining portion of any period certain annuities, and/or by any contract surrender amounts due.
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Commingled Account means a separate account of Athene that may hold assets supporting the payment obligations of Athene under this Contract following a Small Account Conversion in accordance with Section 1.11. Such separate account may also support Athene’s payment obligations under other separate account group annuity contracts issued by Athene.]
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Examples of Commingled Account in a sentence

  • In the event of a Threshold Transfer, without the consent of Contract-Holder, any Covered Life, Contingent Life or Beneficiary, Prudential may transfer the assets held in the Dedicated Account to the Commingled Account, subject to the receipt of all necessary consents and approvals, including regulatory approvals (such as those relating to the transfer of assets in-kind from the Dedicated Account to the Commingled Account).

  • Therefore, the Trust will apply the separate Commingled Account Investment Policy adopted for the Employees’ Retirement System to commingled accounts and that policy will supersede all other Trust guidelines.

  • After consummation of a small account conversion in accordance with Section 1.10 (“Small Account Conversion”), the Commingled Account shall be the “Separate Account” supporting Annuity Payments hereunder.

  • If the Aggregate Collateral Value so certified is less than the Aggregate Commingled Account Balance as so certified, either or both of the Bank and WFAL 2 shall, together with such certificate, Deliver additional Collateral in an amount necessary to make the Aggregate Collateral Value (after giving effect to such Delivery) at least equal to the Aggregate Commingled Account Balance.

  • The questions in this section must be answered by the Entity irrespective of whether: the Entity is depositing its Clients’ assets with its Custodian(s) or also its Clients’ third-party client assets the assets are held in a Segregated, Omnibus or Commingled Account structure Annex 1: Explanatory Notes These explanatory notes are designed to assist in the completion of the ISSA questionnaire.

  • As authorized by Section 17B:28-9(c) of the New Jersey Insurance Statutes and Section 4240(a)(12) of the New York Insurance Law, (A) none of the assets held in the Dedicated Account[**********] and (B) none of the assets held in the Commingled Account, [**********], will be chargeable with liabilities arising out of any other business of Prudential.

  • As authorized by Section 17B:28-9(c) of the New Jersey Insurance Statutes and Section 4240(a)(12) of the New York Insurance Law, (A) none of the assets held in the Dedicated Account, [ *** ] and (B) none of the assets held in the Commingled Account, [ *** ], will be chargeable with liabilities arising out of any other business of Prudential.

  • The undersigned hereby certifies that the following information is a full, complete and accurate statement as to (1) the Aggregate Commingled Account and (ii) the Aggregate Collateral Value as of ______________.

  • Therefore, the System has adopted a separate Commingled Account Investment Policy that supersedes all other System guidelines.

  • In the event that S&P’s senior short-term unsecured debt rating of BANA falls below “A-2” (or, if no short-term rating is available, the long-term rating falls below “BBB+”), the Commingled Account will be moved within 30 days to a depository with a senior short-term unsecured debt rating of at least “A-2” (or, if no short-term rating is available, a long-term rating of at least “BBB+”) by S&P.

Related to Commingled Account

  • Controlled Account means each deposit account and securities account that is subject to a Qualifying Control Agreement.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Controlled Accounts means the Collection Account and the Unfunded Exposure Account.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

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

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • 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).

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

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Separate Accounts means the accounts which are to be prepared for each

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Direct Account : means any Account which is not an ISA Account.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.