Drawdown Account definition

Drawdown Account means a pre-paid sum of money to cover the cost of inspections for prolonged work beyond that which a single permit fee may cover. A drawdown account may be established for any entity, private or public. Statement of account will be furnished to the entity on monthly basis or as requested.
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Drawdown Account means the bank account opened in the name of the Issuer with the
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Drawdown Account means the deposit account ending [**] maintained with [**];
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Examples of Drawdown Account in a sentence

  • This option is only available if you had set up a capped Pension Drawdown Account before 6 April 2015.

  • You may designate additional monies from your Fidelity SIPP Pension Savings Account to an existing capped Fidelity SIPP - Pension Drawdown Account at which point the maximum income level will be recalculated.Capped drawdown ReviewsThe maximum income you can take through capped pension drawdown will generally be reviewed every three years until age 75 and annually thereafter, based on the rates set by the Government Actuary’s Department for an individual of the same age at the time of each review.

  • Uncrystallised Withdrawal is the option to take ad-hoc withdrawals from your Fidelity SIPP Pension Savings Account without the need to set up a Fidelity SIPP- Pension Drawdown Account.

  • However, it is important to note that this is different from using the term „stress‟ in the instrument that measures stress as done by some researchers (Jex, Beehr, & Roberts, 1992).

  • You may continue to remain in a capped Drawdown Account provided you do not exceed the maximum income limit.

  • If you have only taken pension drawdown from part of your Fidelity SIPP Pension Savings Account , you may move further monies into pension drawdown by requesting us to move additional monies from your Pension Account into your existing Fidelity SIPP - Pension Drawdown Account.

  • Following a review, if the maximum annual income you may take from your Fidelity SIPP Pension Drawdown Account has reduced below the level of income you have requested us to be paid to you, we will automatically reduce any regular income we pay to you proportionately across the payment intervals.

  • Depending on the Benefits you decide to take and when you wish them to be paid you may have more than one Fidelity SIPP - Pension Drawdown Account.

  • When you take pension drawdown from your Fidelity SIPP Pension Savings Account for the first time, a new Drawdown Account will be created in order to separate the part(s) of your pension that are in drawdown from any part that is not yet used to provide drawdown.

  • There is no upper or lower limit to how much income you can take from the flexi-access Fidelity SIPP- Pension Drawdown Account .


More Definitions of Drawdown Account

Drawdown Account means the debit account of the Client with the Bank as specified in the Offer Letter;
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Drawdown Account shall have the meaning set forth in Article 12.6. ---------------- "Effective Date of this Amendment" means January 2, 2001. --------------------------------
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Drawdown Account means an account in the name of the Borrower opened with the Security Agent and designated as such by the Borrower and the Facility Agent.
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Related to Drawdown Account

  • the Account means the electronic online trading account opened for the Customer with the Company on which trading is made through the Portal of Boubyan Investment Company. تنترنلإا برـع نيوتركللإا لوادـتلا باـسح هب دصقُي :باـسحلا وأ لوادتلا باـسح •عـقولما برـع هـيلع لوادـتلا يرـجيو ةـكشرلا ىدـل لـيمعلل هـحتف مـتي يذـلاو .رماثتـسلال ناـيبوب ةـكشرل نيوترـكللإا • The “Portal” shall mean the website created by the Company on the Internet, which includes the services provided by the Company and can be accessed through Boubyan Bank’s website or Boubyan Capital’s website on the Internet for carrying out trading operations. نيوترـكللإا عـقولما اـهب دـصقُي :ةـينوتركللإا ةـحفصلا :ةـينوتركللإا ةـحفصلا • يـتلا تاـمدخلا نـمضتي يذـلاو ،تـنترنلإا ةكبـش ىـع ةـكشرلا هـتدعأ يذـلا عقوم وأ ناـيبوب كـنب عـقوم للاـخ نـم هـيلإ لوـصولا نـكيمو ةـكشرلا اـهمدقت .لوادـتلا تاـيلمعب ماـيقلل تـنترنلإا ىـع رماثتـسلال لاـتيباك ناـيبوب ةـكشر

  • Dealing on own account means trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments;

  • Drawdown means a drawdown of a Facility.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Qualified Institutional Buyers as defined in Rule 144A. It is aware that the sale of the Privately Offered Certificates is being made in reliance on its continued compliance with Rule 144A. It is aware that the transferor may rely on the exemption from the provisions of Section 5 of the Act provided by Rule 144A. The undersigned understands that the Privately Offered Certificates may be resold, pledged or transferred only to (i) a person reasonably believed to be a Qualified Institutional Buyer that purchases for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that the resale, pledge or transfer is being made in reliance in Rule 144A, or (ii) an institutional "accredited investor," as such term is defined under Rule 501 of the Act in a transaction that otherwise does not constitute a public offering. The undersigned agrees that if at some future time it wishes to dispose of or exchange any of the Privately Offered Certificates, it will not transfer or exchange any of the Privately Offered Certificates to a Qualified Institutional Buyer without first obtaining a Rule 144A and Related Matters Certificate in the form hereof from the transferee and delivering such certificate to the addressees hereof. Prior to making any transfer of Privately Offered Certificates, if the proposed Transferee is an institutional "accredited investor," the transferor shall obtain from the transferee and deliver to the addressees hereof an Investment Letter in the form attached to the Pooling and Servicing Agreement, dated as of November 1, 2004, among Structured Asset Mortgage Investments II Inc., Xxxxx Fargo Bank, N.A., EMC Mortgage Corporation and U.S. Bank National Association, as Trustee, pursuant to Certificates were issued. The undersigned certifies that it either: (i) is not acquiring the Privately Offered Certificate directly or indirectly by, or on behalf of, an employee benefit plan or other retirement arrangement which is subject to Title I of the Employee Retirement Income Security Act of 1974, as amended, or section 4975 of the Internal Revenue Code of 1986, as amended, or (ii) is providing a representation or an opinion of counsel to the effect that the proposed transfer and holding of a Privately Offered Certificate and the servicing, management and operation of the Trust and its assets: (I) will not result in any prohibited transaction which is not covered under a prohibited transaction exemption, including, but not limited to, Prohibited Transaction Exemption ("PTE") 84-14, XXX 00-00, XXX 00-0, XXX 00-00, XXX 00-00 and (II) will not give rise to any additional obligations on the part of the Depositor, the Master Servicer, the Securities Administrator or the Trustee or (iii) has attached hereto the opinion specified in Section 5.07 of the Agreement. If the Purchaser proposes that its Certificates be registered in the name of a nominee on its behalf, the Purchaser has identified such nominee below, and has caused such nominee to complete the Nominee Acknowledgment at the end of this letter. Name of Nominee (if any):

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Margin Account means a segregated account in the name of a broker, dealer, futures commission merchant, or a Clearing Member, or in the name of the Fund for the benefit of a broker, dealer, futures commission merchant, or Clearing Member, or otherwise, in accordance with an agreement between the Fund, the Custodian and a broker, dealer, futures commission merchant or a Clearing Member (a "Margin Account Agreement"), separate and distinct from the custody account, in which certain Securities and/or money of the Fund shall be deposited and withdrawn from time to time in connection with such transactions as the Fund may from time to time determine. Securities held in the Book-Entry System or the Depository shall be deemed to have been deposited in, or withdrawn from, a Margin Account upon the Custodian's effecting an appropriate entry in its books and records.

  • Qualified Institutional Buyer means any Person who is a “qualified institutional buyer” within the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Further Advance means, in relation to a Loan, any advance of further money to the relevant Borrower following the making of the Initial Advance, which is secured by the same Mortgage as the Initial Advance, excluding the amount of any retention in respect of the Initial Advance;

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Loan repayment means the cancellation and repayment of loans

  • Amount Held for Future Distribution As to the Certificates on any Distribution Date, the aggregate amount held in each Collection Account at the close of business on the related Determination Date on account of (i) Principal Prepayments, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds on the Mortgage Loans received after the end of the related Prepayment Period and (ii) all Scheduled Payments on the Mortgage Loans due after the end of the related Due Period.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.