Examples of Segregated Bank Account in a sentence
You will have no direct access to the Separate Segregated Bank Account as it will be operated solely by FINALTOAU.
However, you will be able to closely monitor activity in the Separate Segregated Bank Account.
Prior to the Closing Date, VCC will lend the Company $50,000 to be deposited into a Special Segregated Bank Account with release of such funds only for costs of the Registrations under the 33 Act and the 34 Act.
For money deposited in our client trust accounts, you should be aware that with the exception of clients that open the Segregated Bank Account type described below, all other clients’ funds, regardless whether it is wholesale or retail client funds are co-mingled into one bank account i.e. all client money is co-mingled or mixed with other client money and is pooled into one bank account.
Subject to Section 20.3, after the Company has received the Minimum Subscriptions, the Company shall accept the offers of, and issue Class A Units to, the Persons whose offers make up the Minimum Subscriptions, following which such Persons shall become Members and the Company may immediately and at any time thereafter withdraw funds deposited in the Segregated Bank Account for the uses of the Company.