Joint Account Assets definition

Joint Account Assets has the meaning assigned to such term in the Participation Agreement.
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Joint Account Assets means (i) all Products (in whatever form) derived from Joint Operations prior to their being sold and (ii) all other real and personal property, tangible and intangible, which is acquired as a joint asset of the Participants or as a result or for the purpose of Joint Operations or the funding thereof (other than any thereof which is distributed to the Participants or either of them pursuant to the provisions of this Agreement);
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Examples of Joint Account Assets in a sentence

  • Joint Operations shall be conducted, expenses shall be incurred and Joint Account Assets shall be acquired only pursuant to Approved Programmes and Budgets.

  • In addition, the Operator shall allow each Participant, at its sole risk and expense, and subject to reasonable safety regulations, to inspect the Joint Account Assets and observe Enterprise Operations at all reasonable times, so long as the inspecting Participant does not unreasonably interfere with Enterprise Operations.

  • The Operator shall conduct all Enterprise Operations (including the marketing of Products) in a good, workmanlike and efficient manner, in accordance with sound mining and other applicable industry standards and practices, and in accordance with applicable laws, the terms and provisions of the COW and any leases, licences, permits, contracts and other agreements pertaining to the Joint Account Assets.

  • The Participants hereby waive and release all rights of partition, or of sale in lieu thereof, or other division of Joint Account Assets, including any rights provided by law.

  • FI agrees to make available in accordance with the terms of this Agreement the PT-FI Available Assets, and each of PT-FI and PT-RTZ agrees to make available in accordance with the terms of this Agreement the Joint Account Assets, in each case for the purposes of Enterprise Operations without charge to the Participants except as otherwise provided in this Agreement.

  • Assets To the extent that the Sole Risk Venture requires the use of PT-FI Available Assets, PT-FI support services or Joint Account Assets, and the use of these assets and support services does not prejudice then or later the conduct of Enterprise Operations, each of PT-FI and PT-RTZ (as appropriate) will make available and charge to the Sole Risk Venture the full direct and allocable costs, including financing and capital costs, under Privatisation Agreements, of providing such assets and services.

  • By execution of this Agreement, the Lenders and the Issuing Banks acknowledge the provisions of Section 2 of each of the FCX Pledge Agreements, the Fourth Amended and Restated Fiduciary Transfer, the Fiduciary Assignment of Accounts, the Fourth Amended and Restated Lender Fiduciary Assignment and the Fiduciary Transfer of Joint Account Assets, and hereby authorize the Administrative Agent, Collateral Agent and Security Agent, as applicable, to accept such clauses on their behalf.

  • By execution of this Agreement, the Lenders and the Issuing Banks acknowledge the provisions of Section 2 of each of the FCX Pledge Agreement, the Fourth Amended and Restated Fiduciary Transfer, the Fiduciary Assignment of Accounts, the Fourth Amended and Restated Lender Fiduciary Assignment and the Fiduciary Transfer of Joint Account Assets, and hereby authorize the Administrative Agent, Collateral Agent and Security Agent, as applicable, to accept such clauses on their behalf.

  • Joint Operations shall be conducted, expenses shall be incurred and Joint Account Assets shall be acquired pursuant only to Approved Programmes and Budgets.

  • All Joint Account Assets acquired by the Operator for Joint Operations may be held in the name of PT-FI but, subject to any mandatory provisions of applicable law, the beneficial interest therein shall be for the benefit of PT- FI and PT-RTZ severally in proportion to their respective Participating Interests.

Related to Joint Account Assets

  • Joint Account means an Account opened in more than one name;

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

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • 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.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

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

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

  • 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.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

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

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

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • 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.

  • Investment Account As defined in Section 3.12(a).

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • 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.

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

  • 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;

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

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • 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.