Node Account definition

Node Account means the Network Account associated with a node which receives Node/Staking Rewards from Hedera and Node Fees from Clients. Node Accounts can be either Member- Controlled or Hedera-Controlled.
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Examples of Node Account in a sentence

  • Each Member must decide whether (a) the Member (or one of its Affiliates) will own and control its Node Account, including any Coins within (a “Member-Controlled Node Account”), or (b) Hedera will own and control such Node’s Node Account, including any Coins within (a “Hedera-Controlled Node Account”).

  • A Member may, upon written notice to Xxxxxx, switch from a Member-Controlled Node Account to a Hedera-Controlled Node Account, or vice-versa.

  • Node Fees are paid by a Client directly from the Client’s Account to the designated Node Account of the Node that submits the Client’s transaction to the Network.

  • For a Hedera-Controlled Node Account, (i) Hedera will not disclose the private keys of such account to the Member at any time, (ii) such Member will have no ability to control, access, or otherwise transact with the Coins in the Hedera-Controlled Node Account, and (iii) such Member will forfeit all current and future ownership rights to the Coins in the Hedera-Controlled Node Account.

Related to Node Account

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

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

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Direct Account : means any Account which is not an ISA Account.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

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

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

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

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

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