Foundation Account definition

Foundation Account has the meaning set out in Clause 4.2.2; "Foundation Board" has the meaning set out in Clause 4.2.3;
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Foundation Account. ’ means the account referred to in section 42 (1);
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Foundation Account means the Swan and Canning Rivers Foundation Account referred to in section 131;
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Examples of Foundation Account in a sentence

  • The Foundation Account is to be charged with all expenditure lawfully incurred by the Foundation in the performance of its functions.

  • As a consequence, the Collection Foundation has a claim against the relevant Foundation Account Provider, in respect of the balances standing to the credit of the Collection Foundation Accounts.

  • NOTE: If the Sponsor is UWM Foundation, enter UWM Foundation Account Number (####.##) in the Sponsor Reference Number field.

  • Such rights of pledge have been notified to the Foundation Account Providers.

  • If and for so long as the Originator is a Foundation Account Provider of the accounts to which payments by the Borrowers are made, in the event of a bankruptcy of the Originator, any amounts standing to the credit of the Collection Foundation Accounts relating to the relevant Mortgage Receivables will form part of the bankrupt estate of the Originator.

  • All money raised must be deposited into a University of Memphis Foundation Account.

  • Each beneficiary will have a certain pari passu ranking undivided interest, or "share" (aandeel) in the co-owned pledge, entitling it to part of the foreclosure proceeds of the pledge over that Collection Foundation Account.

  • In addition, the Sub-servicers have undertaken to disregard any instructions or orders from any of the Transferors to cause the transfer of amounts in respect of the Mortgage Receivables to be made to another account than the relevant Collection Foundation Account without prior approval of each of the Collection Foundations, the CBC and the Security Trustee and the abovementioned confirmation from and/or notification to the Rating Agencies.

  • In case of foreclosure of the co-owned right of pledge on a Collection Foundation Account (i.e. if the relevant Collection Foundation defaults in forwarding the amounts received by it as agreed), the proceeds will be divided according to each beneficiary's share.

  • The Issuer and the CBC have been advised that in the event of a bankruptcy of any of the Transferors any amounts standing to the credit of the relevant Collection Foundation Account relating to the relevant Mortgage Receivables will not form part of the bankruptcy estate of the relevant Transferor.

Related to Foundation 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;

  • 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.

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

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

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

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Administration Account As defined in Section 7.02.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Holding Account means an account:

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

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

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

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • 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.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);