Retained Account definition

Retained Account the meaning given in clause 12.4 Risk Finance Investment(s) the meaning given in clause 5.1 of Schedule 1
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Retained Account means a Subject Account inuring to the benefit of Buyer as a result of any of the following circumstances: (i) the consent on or prior to the Determination Date of such Subject Account to the assignment by Seller to Buyer of Seller’s rights and obligations arising under the Educational Institution Contract to which such Subject Account is a party; (ii) such Subject Account entering into a new Contract with Buyer, on or prior to the Determination Date, for substantially the same services contemplated to be provided under the Educational Institution Contract in effective as of the date hereof between Seller and such educational institution; or (iii) Buyer receiving Fee Revenue from such Subject Account, for substantially the same services contemplated to be provided under the Educational Institution Contract in effect as of the date hereof between Seller and such educational institution, during the period commencing on the Closing Date and ending on the Determination Date that is an amount not less than eighty five percent (85%) of Fee Revenue received by Seller from such Subject Account over the corresponding period in 2009.
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Retained Account is defined in Section 7.13.
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Examples of Retained Account in a sentence

  • At any time when the Founder Partner has not fully discharged its obligations pursuant to clause 12.7, the Partnership shall distribute amounts retained in the Retained Account to the Limited Partners to the extent necessary to satisfy such obligations.


More Definitions of Retained Account

Retained Account means an account bearing an employee’s basic personal information, investment income, balance of interests and other things when the employee resigns due to reasons set forth by applicable laws and regulations such as employment change, schooling, entry into army and unemployment, or when the Enterprise Annuity Plan is terminated and the employee does not participate in any enterprise annuity plans managed by other entrustees.
Sample 1
Retained Account means each conditional sales contract, retail installment sales agreement or note relating to a marine or recreational vehicle loan, and each security agreement or preferred ship mortgage related thereto, retained by Chase on or after the Closing Date, other than (i) any such conditional sales contract, retail installment sales agreement or note relating to a marine or recreational vehicle loan, and each security agreement or preferred ship mortgage related thereto, transferred to CIT or CITNY pursuant to the Purchase Agreement on the Cut-Off Date Closing Date or (ii) any New Securitization Account.
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Retained Account means all billed accounts receivable and trade accounts payable arising from the assets described on section 5(d) of the Disclosure Schedule, but retained by Target, but only to the extent such accounts are reflected on the Closing Net Asset Statement.
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Retained Account means a non interest bearing account with the Retained Account Bank opened in the name of the Trustee in accordance with the Declaration of Trust, into which the Trustee shall deposit the Aggregate Retained Amount on the Issue Date;
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Retained Account means the account at the PX that contains the Retained Amount specified in Section 6.2 of the Settlement Agreement.
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Retained Account means an account bearing an employee’s basic personal information, investment income, balance of interests and other things when the employee is transferred out of the China Life’s system due to reasons set forth by applicable laws and regulations such as employment change, schooling, entry into army and unemployment, or when the Enterprise Annuity Plan is terminated and the employee does not participate in any enterprise annuity plans managed by other entrustees.
Sample 1

Related to Retained Account

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

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

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

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

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

  • 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.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

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

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, Performance Guarantor, Servicer, Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Controlled Account each Deposit Account and Securities Account that is subject to a Control Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Lender.

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