Governmental Accounts definition

Governmental Accounts means any Account with respect to which the Account Debtor is either (i) the United States or any department, agency, or instrumentality of the United States (exclusive, however, of Accounts with respect to which Borrower has complied, to the reasonable satisfaction of Agent, with the Assignment of Claims Act, 31 USC §3727), or (ii) any state of the United States.
Sample 1Sample 2Sample 3
Governmental Accounts shall have the meaning given to such term in ---------------------
Sample 1
Governmental Accounts means, at any time and with respect to SCTexas, the Accounts of SCTexas arising from the sale of armored vehicles and owing from the government of the U.S., or any department, agency, public corporation, or instrumentality thereof, including without limitation, the Accounts of SCTexas owing from the United States Department of State pursuant to the DOS Agreement.
Sample 1

Examples of Governmental Accounts in a sentence

  • The Housing Authority applies all relevant Governmental Accounts Standards Board (GASB) pronouncements.

  • As an independent public enterprise, Energinet’s annual reports are audited by the National Audit Office of Denmark in pursuance of the Danish Financial Statements Act, and the Act on the Auditing of Governmental Accounts.

  • Second, the Master Agreement states that Geodata “shall take all necessary and appropriate steps, including the sending of a notice to Third Party Obligors of Non- Governmental Accounts .

  • Each Provider hereby further covenants and agrees to instruct and notify each of the members of the Provider's accounting and collections staff to provide identical information in communications with all Governmental Third Party Obligors and their respective fiscal intermediaries with respect to Governmental Accounts and related collections, wire transfers and other electronic transfers and EOBs.

  • Subject to the terms of this Agreement, Provider will retain (i) the right to receipt of payment on Purchased Accounts which are Governmental Accounts and (ii) all rights to demand or otherwise make any claim upon applicable Governmental Third Party Obligors.

  • Notwithstanding the foregoing, upon request of Purchaser from time to time, Provider shall cooperate with Purchaser in order to allow Purchaser to obtain a court order or decree directing Governmental Third Party Obligors to make payments on Governmental Accounts directly to the Purchaser Lockbox or the Purchaser Lockbox Bank Account.

  • The Lockbox Bank shall deposit all Items received (i) in the case of the Purchaser Lockbox to a dedicated bank account for all Non-Governmental Accounts (the "PURCHASER LOCKBOX BANK ACCOUNT"), and (ii) in the case of the Provider Lockbox to a dedicated bank account for all Governmental Accounts (the "PROVIDER LOCKBOX BANK ACCOUNT"; the Purchaser Lockbox Bank Account and the Provider Lockbox Bank Account being referred to collectively as the "LOCKBOX BANK ACCOUNTS").

  • Except with respect to Purchased Accounts which are Governmental Accounts, all invoices or other statements to Third Party Obligors concerning Purchased Accounts shall clearly state, in language satisfactory to Purchaser, that each such Account has been sold and assigned to Purchaser and is payable to Purchaser and to Purchaser only.

  • Governmental Accounts (only if specifically deemed ineligible by Bank) $_______________ 10.

  • Instead, the Municipality argues that it was obligated to pay the Disputed Invoices to Geodata under the Master Agreement due to its alleged status as a Third Party Obligor of Governmental Accounts.


More Definitions of Governmental Accounts

Governmental Accounts has the meaning specified in Section 5.13(b).
Sample 1
Governmental Accounts. “Inventory Sublimit”, “Maximum Revolver Amount”, “Packaging Inventory”, “Seed Exchange Accounts”, “Seed Inventory” or change Section 2.1(b), or
Sample 1

Related to Governmental Accounts

  • Government Accounts means Accounts on which any federal or state governmental unit or any intermediary for any federal or state governmental unit is the Account Debtor.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Separate Accounts means the accounts which are to be prepared for each

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Collection Accounts As defined in Section 3.10(a).

  • cash memorandum account means an account so designated by the Operator of the relevant system.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Financial Account means an account maintained by a Financial Institution, and includes: (1) in the case of an Entity that is a Financial Institution solely because it is an Investment Entity, any equity or debt interest (other than interests that are regularly traded on an established securities market) in the Financial Institution; (2) in the case of a Financial Institution not described in subparagraph 1(q)(1) of this Article, any equity or debt interest in the Financial Institution (other than interests that are regularly traded on an established securities market), if (i) the value of the debt or equity interest is determined, directly or indirectly, primarily by reference to assets that give rise to U.S. Source Withholdable Payments, and (ii) the class of interests was established with a purpose of avoiding reporting in accordance with this Agreement; and (3) any Cash Value Insurance Contract and any Annuity Contract issued or maintained by a Financial Institution, other than a noninvestment- linked, nontransferable immediate life annuity that is issued to an individual and monetizes a pension or disability benefit provided under an account that is excluded from the definition of Financial Account in Annex II. Notwithstanding the foregoing, the term “Financial Account” does not include any account that is excluded from the definition of Financial Account in Annex II. For purposes of this Agreement, interests are “regularly traded” if there is a meaningful volume of trading with respect to the interests on an ongoing basis, and an “established securities market” means an exchange that is officially recognized and supervised by a governmental authority in which the market is located and that has a meaningful annual value of shares traded on the exchange. For purposes of this subparagraph 1(q), an interest in a Financial Institution is not “regularly traded” and shall be treated as a Financial Account if the holder of the interest (other than a Financial Institution acting as an intermediary) is registered on the books of such Financial Institution. The preceding sentence will not apply to interests first registered on the books of such Financial Institution prior to July 1, 2014, and with respect to interests first registered on the books of such Financial Institution on or after July 1, 2014, a Financial Institution is not required to apply the preceding sentence prior to January 1, 2016.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

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