Security Trust Account definition

Security Trust Account means an interest-bearing, Dollar denominated trust account opened at a Security Trust Account Trustee (as hereinafter defined), on terms and conditions satisfactory to the Association, by ATI in the name of the Borrower, into which all or a part only of the proceeds of the Credit withdrawn by ATI in accordance with the terms and conditions of this Agreement and the Participation Agreement shall be deposited, and thereafter to be managed in accordance with the terms and conditions of the relevant Security Trust Agreement;
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Security Trust Account means the trust account established pursuant to this Agreement.
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Security Trust Account means a trust account established with a Trustee for the purpose of securing the Reinsurer's obligations to the Company in accordance with Section 9.4 hereof.
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Examples of Security Trust Account in a sentence

  • The Operating Bank also agrees to cooperate with any replacement Operating Bank as to the transfer of any property in, or records relating to, any Security Trust Account maintained by it.

  • As the Social Security program is not a feudal contract, in that Congress gave no property rights to a Social Security Trust Account, I demand the contract be voided and all monies returned, as would be the case for any fraudulent contract or Constructive Trust Agreement.

  • In addition, the Company shall be entitled to withdraw a pro-rata portion of the remaining balance in the SLDI Security Trust Account attributable to the Covered Insurance Contracts hereunder less any amounts owed to the Reinsurer under this Agreement as of the Recapture Date.

  • A Margin payment is credited by HiFX at the time cleared funds have been received and credited to the Security Trust Account by HIFX.

  • The supervisor will have ten working days to respond to the grievance using the bottom half of the Level Two Grievance Form which he/she will submit to the building principal or, in the event that the employee’s immediate supervisor is the building principal, the superintendent.Level Two: Upon receipt of a Level Two Grievance Form, the building principal or superintendent (hereafter “recipient”) will have ten working days to schedule a conference with the employee filing thegrievance.

  • The name of the account must include the words "Aquaculture Lease Security Trust Account".

  • The Trustee shall be the entitlement holder with respect to the Security Trust Account.

  • If the FX Transaction is a Same Day FX Transaction, the Client must pay the full amount of the Sold Currency into the Security Trust Account in cleared funds by no later than the time stipulated by HiFX on the day of the Same Day FX Transaction.

  • All payments of interest and dividends in respect to Assets in the Security Trust Account shall be deposited by the Trustee in a separate custody ledger income account (the "Income Account") within the Security Trust Account established and maintained by the Grantor at an office of the Trustee in New York City.

  • Continual monitoring of established reporting / communication channels in order to respond to identified issues.


More Definitions of Security Trust Account

Security Trust Account means an interest-bearing, Dollar denominated trust account opened at a Security Trust Account Trustee, on terms and conditions satisfactory to the Association, by ATI in the name of the Borrower, into which all or a part only of the proceeds of the Credit withdrawn by ATI in accordance with the terms and conditions approved by the Association and the Participation Agreement shall be deposited and thereafter to be managed in accordance with the terms and conditions of the relevant Security Trust Agreement;
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Related to Security Trust Account

  • Security Trust Agreement means that certain security trust agreement dated on or about the Merger Closing Date made between the Security Trustee and the Lenders and relating to the appointment of the Security Trustee as trustee of the Security.

  • Security Trust Deed means the Security Trust Deed executed by, inter alia, the Borrower, the Guarantor, the Collateral Agent, the Facility Agent, the Original Secured Creditors (as defined therein) and the Delegate Collateral Agent and shall be substantially in the form of Exhibit P or otherwise reasonably acceptable to the Facility Agent.

  • Security Trustee shall have the meaning ascribed thereto in the preamble;

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • charity trustee means a charity trustee of the CIO.

  • Charity Trustees means the directors of the Academy Trust who are responsible for the general control and management of the administration of the Academy Trust.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Collateral Trustee has the meaning set forth in the preamble.

  • Trust Collateral Agent means such successor Person.

  • Collateral Trust Agreement means the Collateral Trust Agreement, dated as of the date hereof, among, among others, the Borrower, the subsidiaries of the Borrower party thereto from time to time as grantors, the MIP Shareholders party thereto from time to time and GLAS Trust Company LLC, in its respective capacities, including as Collateral Trustee.

  • Note Account As defined in the Indenture.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Issuer Secured Parties means the Trustee in respect of the Trustee Issuer Secured Obligations.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • 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.

  • Collateral Agent as defined in the preamble hereto.

  • Collateral has the meaning set forth in Section 2.

  • Swap Account The account or accounts created and maintained pursuant to Section 4.09. The Swap Account must be an Eligible Account.