Retained Account definition
Examples of Retained Account in a sentence
Such agreement may also address Fleet’s ongoing enforcement of certain rights or remedies in respect of the Fleet Retained Account.
Within ten (10) Business Days after the end of the Account Transition Period, Seller shall transfer out of any Retained Account the positive balance of cleared amounts that are then available in such Retained Account to Purchaser by wire transfer of immediately available funds; provided, however, that Sellers shall be entitled to set-off any amounts that either of them may be entitled pursuant to Section 9.9(e) below against such positive balances.
Where a Beneficiary is transferred out of the China Life system with absence of any enterprise annuity or occupational annuity established by his/her new employer, or a Beneficiary goes to school, joins the army or loses his or her job, his/her Personal Account of Enterprise Annuity shall be transferred to a Retained Account.
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.
No Account or NBGL Retained Account is currently pledged by NBGL or the Company or is subject to any Liens other than Permitted Liens.
On or before June 15, 2011, Buyer shall deliver a notice (the “Account Notice”) to Seller setting forth each Subject Account and identifying whether it is a Retained Account or a Lost Account as of the Determination Date.
The Games and Services Handover encompass activities prior to the Closing and at the Closing, and may give rise to an agency relationship with respect to certain Games or Game-Related Services after Closing, which shall be governed in accordance with and as mutually agreed upon in the Retained Account Agent Agreement.
At all times during the Account Transition Period, Purchaser shall maintain the balance of each Retained Account at not less than the minimum balance for such Retained Account set forth on Schedule 9.9 (each applicable minimum balance, the “Minimum Balance”) in accordance with this Section 9.9. By 11:00 a.
Where a Beneficiary is transferred out of the China Life system with absence of any enterprise annuity plan established by his/her new employer or no new employer, or a Beneficiary leaves the Entrusters for reasons such as schooling, entry into army and unemployment, his/her Personal Account of Enterprise Annuity shall be transferred to a Retained Account.
In case of the Retained Account transferred into the Collective Enterprise Annuity Plan, the account management fee shall be subject to the transfer plan.