Pending Claims Account definition

Pending Claims Account has the meaning set forth in Section 8.3.
Sample 1
Pending Claims Account. Section 8.4(a) “Premium Earnout Payment” Schedule 2.14 “Pre-Signing Communications” Section 10.15(b)
Sample 1Sample 2
Pending Claims Account has the meaning ascribed to such term in the Escrow Agreement.
Sample 1

Examples of Pending Claims Account in a sentence

  • On the date that is twenty-four (24) months after the Closing Date, following receipt by the Escrow Agent of a joint written instruction executed by the Purchaser and Agent, the Escrow Funds, less all amounts then segregated in a Pending Claims Account, will be eligible for distribution based upon each Shareholder’s Percentage.

  • Beginning first-year students who have completed no credits toward their programs normally restrict their registration to junior courses.

  • Escrow Agent shall have no obligation to calculate the number of Escrow Units to be deemed part of the Pending Claims Account pursuant to a Claim Notice.

  • Except as provided above, the Escrow Agent will only distribute the Escrow Amount, including all amounts at any time segregated in the Pending Claims Account, in accordance with a Joint Written Instruction or a Final Court Order.

  • If the Escrow Agent establishes the Pending Claims Account under Section 5 of this Agreement, Buyer and the Securityholders shall pay the amount of $1,500 annually on a 50%/50% basis to the Escrow Agent for the set-up and administration of such Pending Claims Account.

  • For the avoidance of doubt, no separate certificate(s) need be created or held for such Escrow Units deemed part of the Pending Claims Account and no certificates representing Escrow Units in the Pending Claims Account need be physically segregated.

  • The remaining Escrow Amount (after satisfaction of any indemnification claims) shall be delivered to the Equityholders in accordance with their respective Percentages within five Business Days following the Termination Date; provided, however, that any amount contained in a Pending Claims Account shall be retained by the Escrow Agent until such claims have been resolved.

  • Each Claim Notice shall include the number of Escrow Units to be deemed part of the Pending Claims Account, which number of Escrow Units shall be equal to the quotient of (x) the aggregate dollar amount of such Claim divided by (y) the value of each Escrow Unit, which value shall be deemed to be equal to the thirty (30) day, volume-weighted average trading price of the Escrow Units ending two (2) trading days prior to the date of such Claim Notice.

  • On the date that is 12 months after the Closing Date, Purchaser and Agent will deliver a joint written instruction to Escrow Agent to distribute to Paying Agent, on behalf of the Indemnifying Parties, the Indemnity Escrow Fund, less all amounts then segregated in a Pending Claims Account, to be distributed based upon each Indemnifying Party’s Percentage.

  • On the date that is eighteen (18) months after the Closing Date, following receipt by the Escrow Agent of a joint written instruction executed by Acquiror and the Member Representative, the Indemnity Escrow Fund, less all amounts then segregated in a Pending Claims Account, will be eligible for distribution based upon each Selling Equityholder's Percentage.


More Definitions of Pending Claims Account

Pending Claims Account is defined in Section 7.06(a).
Sample 1

Related to Pending Claims Account

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

  • 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.

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

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

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

  • Property Account has the meaning set forth in Section 2.8(c).

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

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

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

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • 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.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

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

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

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

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

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).