Restitution Account definition

Restitution Account means that bank account established by the Settlements Claims Administrator and into which Respondents’ Restitution Monies shall be deposited and held pending its distribution/mailing to Eligible Consumers.
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Restitution Account means sixty percent (60%) of the Settlement Payment, which the States will hold in escrow for later distribution to victims of the anticompetitive acts alleged by the States, including Eligible Consumers, Medicaid state agencies, and other state agencies whose claims are being released by the States. These amounts are intended to compensate these persons and entities for monies taken from them as the result of these alleged anticompetitive acts.
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Restitution Account means that bank account established by the SCA for the holding of the Restitution Monies disbursed by the Commission from the Restitution Escrow Account, for distribution to the Eligible Consumers.
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Examples of Restitution Account in a sentence

  • The Juvenile Restitution Account shall be utilized for purposes of paying restitution to victims of juvenile crime and to support programming aimed at enhancing restitution payment and community service by juvenile offenders.

  • The monies represented by such undeliverable or expired Restitution Checks shall be remitted and delivered to the Commission in a check drawn on the Restitution Account and made payable to the Commission in accordance with Paragraph 5.1. The monies represented by such undeliverable or expired Switching Fee Payment Checks shall be remitted and delivered to the Companies as stated in Paragraph 5.2.

  • Additional amounts shall be deposited into the Restitution Account if necessary to fully comply with this Article.

  • During the term of this Agreement, Indivisible shall not lock out employees.

  • Within five (5) business days from any such notification, ClubCorp agrees to deposit one million dollars ($1,000,000) into the Restitution Account.

  • The bill also creates the Wage Claim Restitution Account funded by a percentage of certain penalties collected by the Labor Commissioner, to provide restitution to employees who are underpaid by their employer when no other form of restitution is available.

  • The bill also creates the Wage Claim Restitution Account, funded by a percentage of certain penalties collected by the Labor Commissioner, to provide restitution to employees who are underpaid by their employer when no other form of restitution is available.

  • Of these amounts, collections for the Wage Restitution Account totaled $2,449,657 and disbursements and transfers totaled $2,493,017.

  • Activity of the Wage Restitution Account was recorded in a separate account within the Funds Awaiting Distribution Fund.

  • Victim Restitution Account (VRA) Restricted funds were used as a primary funding source for Division of Juvenile Justice Services restitution programs.

Related to Restitution Account

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

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Administration Account As defined in Section 7.02.

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

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

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

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

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Note Account As defined in the Indenture.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

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

  • 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.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.