Financial Carrier definition

Financial Carrier means the trust company or insurance company appointed from time to time to receive and to hold, administer and invest monies pursuant to the Plan. Subject to the terms of this Plan, the Financial Carrier shall operate according to a trust agreement or an insurance contract, whichever is appropriate, between itself and the University.
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Financial Carrier means an Insurance Company and/or a Trust Company in Canada as the Company may from time to time appoint for the purpose of holding and investing the funds of the Plan.
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Financial Carrier means an Insurance Company and/or Trust Company in Canada as the Company may from time to time appoint for the purpose of holding and investing the funds of the Plan.
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Examples of Financial Carrier in a sentence

  • All contributions made by the Company shall be deposited in the Fund -The Financial Carrier shall administer the Fund in accordance with the terms and conditions of the Agreement and of any applicable legislation.

  • All contributions made by the Company shall be deposited in the Fund – The Financial Carrier shall administer the Fund in accordance with the terms and conditions of the Agreement and of any applicable legislation.

  • The Financial Carrier shall administer the Fund in accordance with the terms and conditions of the Agreement and of any applicable legislation.

  • The Financial Carrier shall administer the Fund accordance with the terms and conditions of the Agreement and of any applicable legislation.

  • The Pension Fund shall be administered in accordance with the terms of the trust agreement and/or insurance contract with the Financial Carrier, and in compliance with the provisions of the Pension Benefits Act, the Income Tax Act and any other applicable legislation governing the custody and investment of pension funds.


More Definitions of Financial Carrier

Financial Carrier means the trust company and/or insurance company appointed by the University on the recommendation of the Pension Subcommittee from time to time to receive and hold funds, securities and other assets pursuant to this Plan. The Financial Carrier shall operate according to a trust agreement and/or an insurance contract, as appropriate, between itself and the University.
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Related to Financial Carrier

  • Financial Instrument” shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” on the Website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its CIF license but only those marketed on its Website from time to time.

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;

  • financial service provider means a person engaged in the business of providing financial services in terms of authorisation issued or registration granted by a financial sector regulator;

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Financial Crime means money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, or any acts or attempts to circumvent or violate any Laws relating to these matters.

  • LEC-carried means the transport of calls or messages on a Carrier’s network.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Financial Services Provider means any Lender and any other provider of financial services or products;

  • Financial Close means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing the material contracts and/or other documents necessary to (1) authorize construction of the project and (2) establish the necessary funding for the project under the control of an independent third-party entity. A sworn, notarized certification of an independent engineer certifying to such facts, and that the engineer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration. For resources that do not have external financing, Financial Close shall mean the project has full funding available, and that the project has been duly authorized to proceed with full construction of the material portions of the project by the appropriate governing body of the company funding such project. A sworn, notarized certification by an officer of such company certifying to such facts, and that the officer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Financial Conduct Authority means the registering authority for societies registered under the Co-operative and Community Benefit Societies Act 2014 and the Credit Unions Act 1979 set up in terms of the Financial Services Act 2012 or its successor body.

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • Reserve officer means a person authorized by a city, city and county, town, county, or state institution of higher education within this state to act as a reserve police officer, reserve deputy sheriff, or reserve town marshal for certain specific and limited periods of time while the person is authorized to be on duty and acting at the express direction or under the direct supervision of a fully POST-certified peace officer pursuant to section 16-2.5- 103, 16-2.5- 105, 16-2.5-108, or 16-2.5-120. A reserve officer is a peace officer while engaged in the performance of his or her duties whose authority shall be limited to the authority granted by his or her authorizing agency.

  • Commercial customer means a customer who is acting within their trade or profession in respect of the insurance cover requested or arranged.