Examples of Scheme Account in a sentence
All Eligible Clients are permitted to hold only one (1) Bonus Scheme Account per one (1) unique IP address.
If an Interim Coordinator is appointed, section 47ZN(2) of the Act is modified so that a Scheme Account must be established by the Interim Coordinator before the Interim Coordinator commences performing the functions of the Coordinator.
Regulations relating to Scheme Account and governance plansRegulations may deal with any matter in relation to the Scheme Account, the use of moneys in the Scheme Account, draft governance plans or approved governance plans for the Scheme Account.[Section 47ZO inserted: No. 5 of 2019 s.
Regulations relating to Scheme Account and governance plans Regulations may deal with any matter in relation to the Scheme Account, the use of moneys in the Scheme Account, draft governance plans or approved governance plans for the Scheme Account.
The Scheme Administrator shall not pay any sums into or out of the Scheme Account except pursuant to the Scheme Document, and shall require that all sums payable to it from any Party pursuant to the Scheme Document are paid directly by that Party into the Scheme Account.
Any amounts (pursuant to the Scheme) received by the Scheme Administrator into an account other than the Scheme Account (including, without limitation, into a former Scheme Account) shall be promptly transferred by the Scheme Administrator to the Scheme Account (and such amounts shall be held on trust for the Secretary of State pending such transfer).
The Scheme Administrator shall not create any security over the Scheme Account; or permit the Scheme Account to be overdrawn.
Each Party shall make all payments it is required by the Scheme Document to make to the Scheme Administrator directly to the Scheme Account.
Without prejudice to the Secretary of State's obligations as to payment of Support Payments, the Scheme Administrator is not obliged on any day to make payment to Suppliers of any amount greater than the amount standing to the credit of the Scheme Account on that day (and if such amount is insufficient to pay in full the amounts otherwise payable to Suppliers, the Scheme Administrator shall make payment pro rata those amounts).
The transfer election may not be processed if the Name of New Scheme, Account Type, Employer’s Identification Number or your Scheme Member Account Number is not provided or is incorrect.