Government Account definition

Government Account shall be defined to mean all Accounts arising out of or with respect to any Government Contract.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Government Account means the account relating to the Consolidated Fund, the Contingency Fund and the Public Account; as defined in these rules;

Government Account means an Account the Account Debtor with respect to which is a an Account Debtor that is any government (or any department, agency, public corporation, or instrumentality thereof) of any country.

Examples of Government Account in a sentence

• If you are opening a retirement account, your uninvested cash balance will be invested in the Pershing Government Account fund, unless you or your Investment Advisor chooses a different option.

• Each Borrower will not, and will not permit any of its Subsidiaries to, (i) forward any collections from any Government Account Debtor in the applicable Government Lockbox Accounts or the Government Lockboxes except as required under Section 4.8(i), or (ii) direct any Government Account Debtor to make a payment in respect of any Account in any place or account other than the applicable Government Lockbox Account or applicable Government Lockbox.

• Likewise, no funds other than the Government Contribution and accrued interest and earnings thereon shall be commingled in the Government Account.

• The bank in which the Government Account is located shall be a bank that is not providing financing to either the Manager or the Practice Operator or acting on behalf of another party in connection with such financing.

• The instructions of VA shall be revocable at the sole instruction of VA; provided, however, that if VA revokes such instructions, it shall be in default of this Agreement and Manager shall be entitled to seek an order or judgment from a court of proper jurisdiction for specific performance to sweep the Government Account pursuant to this Agreement.

More Definitions of Government Account

Government Account means the account relating to the Consolidated Fund, the Contingency Fund

Government Account has the meaning set forth in Section 4.13(c).

Government Account means any account payable by any Government Payor under the Medicare or Medicaid programs, any similar or implementing state statutes and the rules and regulations promulgated pursuant to any thereof.

Government Account means an Account owing by the United States of America or any state or political subdivision thereof, or by any department, agency, public body corporate or other instrumentality of any of the foregoing.

Government Account means any Account owing directly by the United States of America or any department, agency or instrumentality of the United States of America to a Loan Party under a Government Contract.

Government Account means the total of the Consolidated Fund Account, Contingency Fund Account and the Public Account of the State

Government Account means a U.S. Government Account or an Other Government Account.