Federation Account definition

Federation Account means the account out of which, inter alia, the monthly statutory allocation due to each state of the Borrower is drawn;
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Federation Account means the Federal Account stated in section162 of the Constitution of the Federal Republic of Nigeria 1999;
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Federation Account means the Federation Account established
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Examples of Federation Account in a sentence

  • U.S.A representative office; ▇▇/▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Federation Account no.


More Definitions of Federation Account

Federation Account means the Federation Account stated in section 162 of the Constitution of
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Federation Account means the pool of revenue of the Borrower for distribution between the three tiers of government using an agreed distribution formula;
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Federation Account means the Federation Account established under section 162 (1) of the Constitution.
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Related to Federation Account

  • Administration Account As defined in Section 7.02.

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

  • 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.

  • 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;

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