Long Term Account definition

Long Term Account means an Account that relates to a Contract (a) which has an original payment due date that is more than 90 days after the invoice date specified in such Contract and (b) pursuant to or under which the Account Debtor is obligated to pay for crop protection goods or services or consumer goods or services (including pool and spa treatment products and household cleaning products).
Sample 1Sample 2Sample 3
Long Term Account means an Account of a Loan Party that (a) relates to a code “z” invoice and (b) has a Receivable Maturity Date occurring 150 days or more after its Billing Date.
Sample 1Sample 2
Long Term Account means an account in which the deposit is to be held in the account for a period of not less than 5 years.
Sample 1

Examples of Long Term Account in a sentence

  • Transfers, distributions or disbursements from the Guaranteed Long Term Account may be deferred pursuant to Contract Section 4.5 if a determination of the value of such transfer, distribution or disbursement is not possible because the Securities and Exchange Commission has suspended or otherwise restricted trading of securities or another emergency situation outside the control of the Insurance Company exists.

  • For purposes of valuing the Contractholder's Guaranteed Long Term Account, the term Valuation Date refers to each day the Insurance Company is open to transact normal business.

  • The term Guaranteed Long Term Account refers to that portion of the Contractholder's Account invested in the Insurance Company's general portfolio.

  • Interest will be credited to the Contractholder's Guaranteed Long Term Account daily.

  • During such deferral period amounts payable from the Guaranteed Long Term Account will continue to receive Credited Interest.

  • Contributions to the Guaranteed Long Term Account may not exceed the Insurance Company's current underwriting guidelines for such contributions for this product in any one plan year unless the Insurance Company gives its prior written consent.

  • Interest will be credited to each dollar in the Guaranteed Long Term Account, from the Valuation Date on which it is allocated to the Guaranteed Long Term Account until the Valuation Date, pursuant to the Contract Section 3.2(C) as of which it is transferred, distributed or disbursed from the Guaranteed Long Term Account.

  • The Insurance Company will issue a written guarantee of the interest rate to be credited to the unpaid balance of the Contractholder's Guaranteed Long Term Account.

  • The fraction will be determined by dividing such Participant's share of the Plan assets in the Guaranteed Long Term Account as of the valuation date by such Participant's share of all Plan assets as of such date.

  • Retirement, termination, death or disability distributions, hardship withdrawals to the extent permitted by the Plan, and distributions required by I.R.C. section 401(a)(9) payable from the Guaranteed Long Term Account will be paid and not deferred.

Related to Long Term Account

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

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