Excepted Account definition

Excepted Account means any Customer Account that is either a Deficit Account or an Undermargined Account as of the close of business on the applicable Closing Date.
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Excepted Account means the Xxxxxxx Investment Management Company and its affiliates (collectively “Xxxxxxx”). Xxxxxxx is a multiple mandate client of Adviser and the lower fee charged for the Excepted Account is based on cumulative assets managed for Xxxxxxx by Adviser. In the event the multiple mandate status is eliminated and the Excepted Account becomes similar in size to the American Beacon High Yield Bond Fund, the Adviser agrees to either reduce the fee charged hereunder to match the fee charged to the Excepted Account or raise the fee charged to the Excepted Account to match the fee charged hereunder.
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Excepted Account means each LC Account and Ancillary Services Account.
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Examples of Excepted Account in a sentence

  • In connection with any transfer under either clause (ii) or (iii) of the preceding sentence, the Excepted Account Escrow balance applicable to the account so transferred shall be released to (a) the transferee, in the case of a transfer under clause (ii), or (b) the applicable Seller, in the case of a transfer under clause (iii), but in each case solely to the extent that Buyer shall be released of any liability with respect to such account upon such transfer.

  • In the event the multiple mandate status is eliminated and the Excepted Account becomes similar in size to the American Beacon High Yield Bond Fund, the Adviser agrees to either reduce the fee charged hereunder to match the fee charged to the Excepted Account or raise the fee charged to the Excepted Account to match the fee charged hereunder.

  • An Advisory Person shall not purchase or sell any security for the account of any Advisory Person, other than an Excepted Account, until seven (7) calendar days after the later of the most recent trade by either Fund in that security or any related security, or the withdrawal of a purchase or sale order for such security or any related security.

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  • Any such investment advisory account is referred to herein as an "Excepted Account".

  • In the event the multiple mandate status is eliminated and the Excepted Account becomes similar in size to the American Beacon High Yield Bond Fund, the Adviser agrees to either reduce the fee charged to Manager to match the fee charged to the Excepted Account or raise the fee charged to the Excepted Account to match the fee charged to Manager.

  • Concurrently with the creation of any such account, each Grantor will cause each financial institution at which such Grantor maintains a depositary or other deposit account (other than an Excepted Account) to enter into a bank agency or other similar agreement with Administrative Agent and such Grantor, in form and substance satisfactory to Administrative Agent, in order to give Administrative Agent “control” (as defined in the UCC) of such account.

  • Xxxxxxx is a multiple mandate client of Adviser and the lower fee charged for the Excepted Account is based on cumulative assets managed for Xxxxxxx by Adviser.

  • Borrower shall deliver to Administrative Agent an executed Control Agreement, in form and substance reasonably satisfactory to Administrative Agent, for each deposit account (other than an Excepted Account) maintained by a Credit Party.

  • It shall not establish or maintain any Deposit Account or similar account (other than the BMO Excepted Account and the Scotia Excepted Account) unless the Collateral Agent shall have received a Blocked Account Agreement in respect of such Deposit Account or similar account in form and substance reasonably satisfactory to the Collateral Agent.


More Definitions of Excepted Account

Excepted Account means that term as defined in Section 10.10.
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Related to Excepted Account

  • 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.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Qualified Account means an Account owing solely to the Company which meets the following requirements at the time it comes into existence and continues to meet the same until collected in full: (a) it arose from the performance of services by the Company, or from a bona fide sale or lease of goods, which have been delivered or shipped to an Account debtor in the United States, to Volvo, or a foreign debtor which has issued a transferable letter of credit acceptable to the Bank to secure payment, and for which the Company has genuine invoices, shipping documents or receipts; (b) it is not more than 60 days past due; (c) it is not owed by an Account debtor which has 50% or more of its aggregate dollar amount of Accounts owed to the Company unpaid more than 90 days past the earlier of performance of the services, delivery of goods or date(s) of invoice; (d) it is owned by the Company and not subject to any assignment, claim, lien, encumbrance or security interest whatsoever other than those securing the Company's obligations to the Bank; (e) it is a valid and legally enforceable obligation of an Account debtor which is (i) satisfactory to the Bank, (ii) not an Affiliate of the Company and (iii) not the United States of America or any department, agency or instrumentality thereof unless the Company has complied with the Assignment of Claims Act of 1940, to the satisfaction of the Bank; (f) it is not subject to setoff, counterclaim, credit allowance, or adjustment by the Account debtor thereunder, except for discount for prompt payment, or to any claim by such Account debtor denying liability thereunder in whole or in part, and such Account debtor has not refused to accept and has not returned or offered to return any of the goods which are subject to such Account; (g) it arose in the ordinary course of the Company's business and in compliance with all Requirements of Law; (h) the Company has no notice or knowledge of the bankruptcy, insolvency, or similar proceeding of the Account debtor thereunder, or of the inability of the Account debtor thereunder to pay its debts as they become due, or of anything which might impair the credit standing of the Account debtor; (i) it is assignable to the Bank and it does not arise out of a contract or order which by its terms forbids or makes void or unenforceable the assignment by the Company to the Bank of the Account arising with respect thereto; (j) it is not evidenced by instruments or chattel paper unless the same has been endorsed and delivered to the Bank; (k) it does not arise from a sale on consignment, sale on return, bill and hold sale or any other type of conditional sale except as perxxxxed in writing by the Bank; and (l) it is certified by the Company within fifteen days after the end of each month (or at such more frequent intervals as the Bank shall request) as to the amount thereof and all other matters set forth herein or reasonably required by the Bank. A Qualified Account which subsequently fails to meet any of the foregoing requirements, shall forthwith cease to be a Qualified Account.

  • 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.

  • 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.

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

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • 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.

  • Protected Account An account established and maintained for the benefit of Certificateholders by each Servicer with respect to the related Mortgage Loans and with respect to REO Property pursuant to the respective Servicing Agreements. Each Protected Account is required to be an Eligible Account.

  • 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).

  • Holding Account means an account:

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “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.

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

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

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

  • Reportable Account The term “Reportable Account” means an account held by one or more Reportable Persons or by a Passive NFE with one or more Controlling Persons that is a Reportable Person.

  • 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.

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

  • ABLE account or "account" means an account established

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Reserve Account Required Amount means, with respect to any Payment Date, the lesser of (i) the excess of (A) the Specified Reserve Balance, over (B) the amount on deposit in the Reserve Account on such Payment Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Payment Date, and (ii) the amount remaining in the Indenture Collections Account after taking into account the distributions therefrom described in clauses (i) through (xiv) of Section 8.3(a) of the Indenture.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.