Series B Account definition

Series B Account means the account by that name created in Section 4.1 of this Ordinance.
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Series B Account means the account by that name created in Section 401 of this
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Series B Account shall have the meaning set forth in Section 2.9.
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Examples of Series B Account in a sentence

  • The Corporation shall (except as provided below) direct the Trustee in writing to invest and reinvest the moneys in any 2023 Series B Account in Investment Securities so that the maturity date or date of redemption at the option of the owner thereof shall coincide as nearly as practicable with (but in no event later than) the times at which moneys are needed to be expended.

  • FCFI shall have the sole right at all times to direct the Company to vote the shares of common stock of SHI in the Series B Account for all purposes, and the Company shall vote such shares in accordance with the direction of FCFI.

  • The Trustee shall advise the Corporation in writing, on or before the twentieth (20th) day of each calendar month, of all investments held for the credit of each 2023 Series B Account in its custody under the provisions of this Supplemental Resolution as of the end of the preceding month.

  • The Company shall not in any manner grant any proxy or otherwise encumber its right to vote such shares held in the Series B Account without the express prior written consent of FCFI.

  • The Corporation may establish sub-accounts within each 2023 Series B Account to the extent consistent with the General Resolution and this Supplemental Resolution.

  • AIG Capital shall have the right to cause the Company to sell all or any portion of the Series A Account Assets from time to time in accordance with Article IX, and FCFI shall have the right to cause the Company to sell all or any portion of the Series B Account Assets from time to time in accordance with Article IX.

  • The Series Property of Series A is the Series A Account Assets, and the Series Property of Series B is the Series B Account Assets.

  • The Company shall not (and shall not seek to) in any manner directly or indirectly sell or transfer (other than sales made in accordance with Article IX), pledge or in any other manner encumber or dispose of either the Series A Account Assets or the Series B Account Assets, in each case without the consent of AIG Capital (with respect to the Series A Account Assets) or FCFI (with respect to the Series B Account Assets).

  • Unless otherwise directed by the applicable holder of Series Interests, all Distributable Proceeds with respect to shares of SHI common stock held in the Series A Account or Series B Account shall be distributed to the applicable Series as soon as reasonably practicable following the completion of the sale.

  • The 2015 Series B Bonds are issued for the purpose of providing the moneys to refinance the 2006 Series B Bonds and a portion of the 2008 Series A Bonds, to fund the 2015 Series B Account within the Debt Service Reserve Fund and to pay certain costs in connection with the issuance of the 2015 Series B Bonds.


More Definitions of Series B Account

Series B Account means the account by that name established within the Note Proceeds Fund pursuant to Section 4.01.
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Related to Series B Account

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Class A-PO Deferred Amount For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Series Invested Amount means the Initial Invested Amount.

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

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

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

  • Regular account means the account established for each active and inactive member un-

  • Member Account means the regular account and the variable account.

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

  • 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.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Note Account As defined in the Indenture.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.