Retention Accounts definition

Retention Accounts means the bank accounts opened or to be opened in the name of each Collateral Owner with the Agent (or such other leading bank as may be requested by the Borrower and, subject to execution of an Accounts Charge in form and substance satisfactory to the Lenders, agreed to by the Agent (such agreement not to be unreasonably withheld)) and designated, when such Retention Account is held with the Agent, "[Name of Collateral Owner] - Retention Account" each a "Retention Account".
Retention Accounts means the Completion Accounts Retention Account, the Claims Retention Account and the Holdback Consideration Retention Account;
Retention Accounts means any or all of them;

Examples of Retention Accounts in a sentence

  • Upon the occurrence of a Change of Control, Benefits payable from the Deferral and Retention Accounts shall be distributed to the Participant within forty-five (45) days following the Change of Control.

  • You shall also be eligible for such other benefits as are provided under the Verizon Income Deferral Plan to employees with Special Retention Accounts.

  • You shall also be eligible for such other benefits as are provided under the GTE Executive Salary Deferral Plan to employees with Special Retention Accounts.

  • Niethammer Member of the Supervisory board5.000005.000 Loans of the management board 2006 (in EUR) Principal amount Repayment Outstanding amount Interest rate p.a.U. SchmidtCEO Article 383d of the Dutch Civil Code: Share-based remuneration Number of stock options heldManagement board2007Pre-IPOOngoingSOP 2001OngoingSOP 2002 Management board2006Pre-IPOOngoingSOP 2001OngoingSOP 2002 The principal conditions and other important data can be found in the following table.

  • Trust and Retention Accounts (TRA) is a payment mechanism in the form of an account opened in the designated bank to ensure all the cash flows of the project are routed through this account as per the mandate drawn between the lender(s) and the borrower.


More Definitions of Retention Accounts

Retention Accounts means together the two bank accounts one to be opened by each of the Borrowers with the Account Bank and designated [“name of Borrower”] – Retention Account and Retention Account means either of them.
Retention Accounts means the bank accounts to be opened in the name of each Borrower with the Account Holder and designated "STI MEMPHIS – Retention Account", "STI BATTERY – Retention Account", "STI SAPPHIRE – Retention Account" and "STI EMERALD – Retention Account".
Retention Accounts means interest bearing Dollar accounts of the Borrower opened or (as the context may require) to be opened by the Borrower with the Account Bank and includes any other account designated in writing by the Account Bank to be a Retention Account for the purposes of this Agreement and “Retention Account” means any of them;
Retention Accounts means the portion of an Eligible Account held by an account debtor pending its final acceptance of inventory sold to it by a Borrower.
Retention Accounts means the Retention Account and each Sub-Account, each as defined in the Retention Agreement.
Retention Accounts means the bank accounts to be opened in the name of each Borrower with the Account Holder and designated "STI MEMPHIS – Retention Account" and "STI BATTERY – Retention Account".
Retention Accounts together the Retention A Account, the Retention B Account and the Retention C Account (and each a “Retention Account”)