Segregated Trust Account definition

Segregated Trust Account means a segregated trust account established by Dow Corning in the corporate trust department of a financial institution of its choice and that is subject to an account control agreement that transfers dominion and control from Dow Corning to the Trust. Any such Insurance Proceeds shall be paid to the Trust within five (5) business days after receipt by such Segregated Trust Account.
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Examples of Segregated Trust Account in a sentence

  • Any such Insurance Proceeds shall be paid to the Trust within five (5) business days after receipt by such Segregated Trust Account.

Related to Segregated Trust Account

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

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

  • 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.

  • 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.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Investment Account As defined in Section 3.12(a).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Note Account As defined in the Indenture.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Administration Account As defined in Section 7.02.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Spread Account means the Spread Account established and maintained pursuant to the Spread Account Agreement.