P/N Account definition
P/N Account means the account specified in Clause 19.3;
Examples of P/N Account in a sentence
In respect of any amounts deposited in the P/N Account, the Representative Purchaser shall pay a custody fee to the Seller in an amount equal (for each day during the period from and including the relevant deposit date to but excluding the Settlement Date falling immediately following such deposit date) to the product of (i) the amount then deposited in the P/N Account, times (ii) one-tenth of one percent (0.1%), times (iii) 1/360.