Examples of Safekeeping Account in a sentence
It is noted that the Client keeps with the Company a Trading Account and not a Safekeeping Account.
It is noted that the Client keeps with the Company a Trading Account and not a Safekeeping Account.
Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.
Clearing Account means the account so designated and established by Section 5.04(1) hereof.
Concentration Account has the meaning provided in Section 6.13(c).
Holding Account means an account:
Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.
Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.
Disbursement Account has the meaning ascribed to it in Section 1.1(e).
Administration Account As defined in Section 7.02.
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;
Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.
Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.
Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.
Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.
Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.
Collections Account has the meaning given to such term in Section 3.01(a) hereof.
Billing Account is the checking account from which all Service fees will be automatically debited.
In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.
Collection Accounts As defined in Section 3.10(a).
Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.
Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.
Insurance Account shall have the meaning set forth in Section 8.6 hereof.