Legacy Account definition

Legacy Account means, on or after the date that any Class or Series of Notes issued pursuant to the Base Indenture is no longer Outstanding, any account maintained by the Trustee to which funds have been allocated in accordance with the Priority of Payments for the payment of interest, fees or other amounts in respect of such Class or Series of Notes.

Legacy Account means the GE Aircraft Engines VSA, GE Caledonia VSA, and GE VSA (collectively, the “VSA Accounts”) held by Employees or Former Employees as of the Distribution Date, as determined by the Parent based on the records for the VSA Accounts.

Legacy Account means an account which was maintained under a Legacy Plan on behalf of a person who was a participant in such plan at any time prior to the Restatement Effective Date, and which was merged into the Plan at the Merger Effective Time.

Examples of Legacy Account in a sentence

• When the balance of any Legacy Account has been reduced to zero, the Trustee may close such account.

• If the Master Issuer does not elect to have such funds so transferred, or if the Master Issuer elects to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments.

• If the Participant has not Retired, the Company shall cause the Participant to be paid the full amount credited to his or her Legacy Account Balance in a single lump sum.

• A Participant shall be entitled to receive, upon a written request to the Committee that is effective between April 1 and December 31 of any Plan Year, a lump sum distribution from his or her Legacy Account Balance of an amount equal to or greater than 25% of the Participant’s Legacy Account Balance as of the date of the request.

• If the Issuer does not elect to have such funds so transferred, or if the Issuer elect to have only a portion of such funds so transferred, any funds remaining in the applicable Legacy Account after the applicable Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments.

More Definitions of Legacy Account

Legacy Account means an Account in effect as of [***] (including all types of accounts including, but not limited to, accounts for the Enterprise Service, Rollups, Traffic Rollups and Global Rollups). The Legacy Accounts include, but are not limited to, the Accounts listed on Attachment A to this Exhibit 1.

Legacy Account means a Participant’s entire bookkeeping account under the Plan as of the date immediately prior to the Restatement Date, as adjusted for hypothetical earnings and losses based on the terms of the Plan immediately prior to the Restatement Date, and further adjusted for any Legacy Account Earnings thereon.

Legacy Account means any Account opened before October 13, 2010.

Legacy Account means, on or after the date that any Class or Series of Notes issued pursuant to the Base Indenture is no longer Outstanding, any account maintained by the Trustee to which funds have been allocated in accordance with the Priority of Payments for the payment of interest, fees or other amounts in respect of such Class or Series of Notes. “Letter of Credit Reimbursement Agreements” means a reimbursement agreement, by and among the DBI and the Issuer, or by and among the Canadian Manager and the Canadian Co-Issuer, in each case, as amended, supplemented or otherwise modified from time to time, which permits letters of credit to be issued pursuant to a Class A-1 Note Purchase Agreement that are for the sole benefit of one or more Non-Securitization Entities and that provide that such Co-Issuer will receive a fee from each Non- Securitization Entity whose obligations are secured by any such Letter of Credit in an amount equal to the cost to such Co-Issuer in connection with the issuance and maintenance of such Letter of Credit plus an agreed-upon margin. “Licensee-Developed IP” means all applicable Intellectual Property (other than the Excluded IP) created, developed, authored, acquired or owned by or on behalf of any licensee under any IP License Agreement related to or intended to be used by (i) any of the Driven Securitization Brands, (ii) products or services sold or distributed under any of the Driven Securitization Brands, (iii) Branded Locations, (iv) the Driven Brands System, (v) the Contributed Franchise Business or (vi) the Securitization- Owned Locations, including, without limitation, all Improvements to any Securitization IP. “Lien” means, when used with respect to any Person, any interest in any real or personal property, asset or other right held, owned or being purchased or acquired by such Person which secures payment or performance of any obligation, and will include any mortgage, lien, pledge, encumbrance, charge, retained security title of a conditional vendor or lessor, or other security interest of any kind, whether arising under a security agreement, mortgage, lease, deed of trust, chattel mortgage, assignment, pledge, retention or security title, financing or similar statement, or arising as a matter of law, judicial process or otherwise. “Liquidation Fee” has the meaning set forth in the Servicing Agreement. “Lock-Box Accounts” means the accounts and any related lock-boxes established at Xxxxx Fargo Bank, National Association, in the ca...

Legacy Account means one or more Accounts to which Deferrals and other contributions made before January 1, 2017, have been credited, and which are governed by the terms of the Legacy Appendix to this Plan.

Legacy Account means the account established pursuant to Article 18;

Legacy Account means as defined at clause 18 (7)(c).