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
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.
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;

Examples of Retained Account in a sentence

  • Any payment at or relating to the Hotel which is received or recovered after Closing by Buyer from a person who then only owes amounts on a Retained Account shall promptly be paid by Buyer to Seller.

  • Except as specifically provided for elsewhere in this Scheme, there shall be charged to the Scottish Widows With Profits Fund in respect of Pre-SW Scheme Transferred Policies which are Scottish Widows WPF Policies, the Scottish Widows Retained Account and the Scottish Widows Additional Account only such amounts in respect of expenses and charges as are determined in accordance with Schedule 2.

  • Seller reserves the right to bring an action on any Retained Account that is not fully paid within 120 Days after the Closing Date.

  • All amounts credited to the Retained Account and the Stock Account shall be the property solely of the Company.

  • The Participant may elect that deferrals be credited either to the "Retained Account" or the "Stock Account" as defined below.

  • Each Participant and beneficiary shall be solely an unsecured general creditor of the Company with respect to amounts credited to his or her Retained Account or Stock Account and shall have no special or prior right to any stock or assets for payment of any obligations hereunder.

  • By inherited estate we mean assets held in the Scottish Widows With Profits Fund that we do not intend to distribute to the current holders of With Profits Policies, and consequently the Additional Account and the Retained Account are not considered to be part of an inherited estate.

  • In consideration of the long term nature of the Securities, should a Holder need to liquidate the investment prior to the Maturity Date, the Issuer may at its sole and absolute discretion arrange for a withdrawal from the Retained Account and a part liquidation of the Commodity Murabaha and the Portfolio in a Shariah Compliant manner, taking into account any costs and expenses in relation to the liquidation.

  • Wachovia shall perform directly for the Fund the Wachovia Services with respect to each Retained Account, and shall be Custodian of the assets of the Fund held in the Retained Accounts, from and after the Effective Date.

  • Any person who purchases the Securities is relying upon the creditworthiness of RBS N.V. as Purchase Undertaker and Retained Account Bank, of RBS Holdings and of RBS as Murabaha Counterparty.


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 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.
Retained Account means the account at the PX that contains the Retained Amount specified in Section 6.2 of the Settlement Agreement.
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.
Retained Account is defined in Section 7.13.
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.
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.

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.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • 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.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

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

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

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

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

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • 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.

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

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

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

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

  • 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.

  • 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, the Performance Guarantor, the Servicer, any 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 means each deposit account and securities account that is subject to a Qualifying Control Agreement.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

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