Equipment Account definition

Equipment Account means a notional account set up by 21st Century Network Solutions Ltd to accrue credits owing to you from which Equipment can be purchased from 21st Century Network Solutions Ltd by you.
Sample 1Sample 2
Equipment Account means the account by that name established within the Project Fund pursuant to the Indenture.
Sample 1Sample 2
Equipment Account means a notional account set up by 2 Circles Communications to accrue credits owing to you from which Equipment can be purchased from 2 Circles Communications by you.
Sample 1

Examples of Equipment Account in a sentence

  • The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the Equipment Purchase Facility (the "Equipment Account").

  • Each of the parties hereto agree that, for all purposes of the Transaction Documents and notwithstanding anything to the contrary in any Transaction Document, at any time prior to the time at which the Lessor transfers its interest in the Haewene Brim Equipment to the Standby Purchaser, the Equipment Account in relation to the Haewene Brim Equipment is, and shall be, the Lessor Proceeds Account.

  • All sales and other transactions underlying or giving rise to each Equipment Account shall comply in all material respects with all applicable laws and governmental rules and regulations.

  • The Bank shall provide the Borrowers with a monthly statement of the Borrowers' Equipment Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless any Borrower notifies the Bank to the contrary within 18 months after such Borrower's receipt of any such statement which it deems to be incorrect.

  • The Trustee shall apply the amounts in the Equipment Account in an account separate from any other Trust Fund or Account and designated relating to the Bonds, and apply such amount to the payment of Equipment Costs pursuant to Section 4.03 of this Indenture and Section 3.2 of the Bond Lease.

  • The Bank shall maintain on its books a record of account in which the Bank shall make entries for each Equipment Advances and such other debits and credits as shall be appropriate in connection with the Equipment Purchase Facility (the "Equipment Account").

  • In the case of a sale to a Sony account to which a Sony Direct Equipment Account Manager is assigned, the Sony Direct Equipment Sales Account Managers shall receive credit for the sale if he/she generates the lead and is responsible for closing the sale.

  • If there shall be any balance in the Issuance Expense Account remaining after all Bond issuance costs have been paid, the Trustee shall transfer such remaining balance to the Revenue Bond Subaccount of the Equipment Account.

  • Deposit to the credit of the Revenue Bond Subaccount of the Equipment Account of the Project Fund the balance of such proceeds.

  • The County shall cause $5,000,000 of the proceeds of the General Obligation Bonds to be transmitted to the Trustee for deposit in the Equipment Account of the Project Fund.


More Definitions of Equipment Account

Equipment Account means the account by that name established within the Project Fund pursuant to this Indenture.
Sample 1

Related to Equipment Account

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • 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.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

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

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

  • 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.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

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

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.