Conversion account definition

Conversion account means the sum of all of the shares of IR Stock credited to a Participant pursuant to Section 5.6.
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Conversion account means a linked account in TreasuryDirect that con- tains only savings bonds that have been converted from definitive bonds to book-entry bonds.
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Conversion account means the account established by the company to record the balance after conversion available to pay the health or long−term care insurance premiums of the insured who has elected conversion.
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Examples of Conversion account in a sentence

  • MFS Heritage Trust Company agrees to the redemption and conversion to a Roth IRA Conversion account as authorized above.

  • Distributions from the In-Plan Xxxx Conversion account will be permitted as follows: ¨ (i) In-service distributions will not be permitted from an In-Plan Xxxx Conversion account until the earliest date a distribution would otherwise be permitted for any contribution source eligible for conversion, without regard to the conversion distribution.

  • Conversion account means a linked account in TreasuryDirect that contains only savings bonds that have been converted from definitive bonds to book-entry bonds.

  • Any amounts withheld and not replaced into the new MFS Roth IRA Conversion account within 60 days may be subject to a 10% early withdrawal penalty if you are under 59½ years old.


More Definitions of Conversion account

Conversion account means the account established by the company to record the balance after conversion available to
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Conversion account means an Account which has arisen out of the Borrower's Healthcare Services Business and has resulted from the conversion of the billing arrangement for such Account from a contingent fee billing basis to a fee for services billed basis.
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Conversion account means a linked account in TreasuryDirect that con- tains only savings bonds that have been converted from definitive bonds to book-entry bonds.[69 FR 2507, Jan. 16, 2004, as amended at 70FR 14943, Mar. 23, 2005. Redesignated at 70 FR57433, Sept. 30, 2005, as amended at 70 FR57442, Sept. 30, 2005] § 363.11 Who is eligible to open a TreasuryDirect  account?In order to open a TreasuryDirect ac- count, you must: 31 CFR Ch. II (7–1–07 Edition)
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Conversion account means a linked account in TreasuryDirect that con- tains only savings bonds that have Fiscal Service, Treasury § 363.14 been converted from definitive bonds to book-entry bonds.[69 FR 2507, Jan. 16, 2004, as amended at 70FR 14943, Mar. 23, 2005. Redesignated at 70 FR57433, Sept. 30, 2005, as amended at 70 FR57442, Sept. 30, 2005; 74 FR 19417, Apr. 29, 2009] § 363.11 Who is eligible to open a TreasuryDirect® account?Only an individual or an entity is eli- gible to open a TreasuryDirect ac- count. In order to open a TreasuryDirect account, an individual or entity account manager must have a valid social security number (SSN), be 18 years of age or over, and be legally competent. An entity must have a valid SSN or employer identification number. The account owner must have a United States address of record and have an account at a United States de- pository financial institution that will accept debits and credits using the Automated Clearing House method of payment.[74 FR 19417, Apr. 29, 2009] § 363.12 Who may purchase and hold book-entry securities in TreasuryDirect ®?
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Related to Conversion account

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Note Account As defined in the Indenture.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

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

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Rounding Account Not applicable.

  • Regular account means the account established for each active and inactive member un-

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).