Street Account definition

Street Account means an account at a Brokerage Firm that is held for the benefit of all of the Participants in which the Common Stock purchased under this Plan is maintained. The Administrator shall cause records to be kept, in which each individual Participant’s interest in the Street Account is allocated to him or her.
Sample 1

Examples of Street Account in a sentence

  • Therefore, the Shareholder will provide verbal and written instructions to all broker/dealers who handle his direct or indirect street accounts at any time during this Agreement (the "Street Account" or "Street Accounts") and will instruct such Street Accounts not to resell these Securities under any circumstances, for any reason, to any party, at any time during the term of this Agreement.

  • WHEREAS, the applicant has requested the return of the unused portion of Engineering Inspection fees, as provided by law; and WHEREAS, it is in now in order that the sum of $1,484.06 which represents the amount due and owing the applicant, be returned to Gulberg Builders, LLC, having offices at 3830 Park Avenue, Suite 205, Edison, NJ 08820, for Portland Street Subdivision- 26 and 28 Portland Street, Account # EI170829GB.

  • Here, Rossiello had a superior right to the funds in the Easy Street Account, namely that those funds be used on Rossiello’s behalf rather than for the personal benefit of the Debtor.

  • It is not clear from the Debtor’s testimony whether the fraudulent activity occurred in connection with the Easy Street Account or some other account held by DMG.The Debtor testified that upon returning from Europe he transferred $143,000, in a series of transfers over several months, back into DMG’s checking account.10 Tr. 2/28/12 at 80-81.The Debtor testified that he kept the money in his savings account prior to that time and would only transfer it back to DMG when certain bills had to be paid.

  • Based on DMG’s expense reports, the Debtor did not return to the Easy Street Account more than $32,345 of the $143,811.49 that DMG had transferred into the Debtor’s personal account.

  • DMG violated the implied obligations of good faith and fair dealing when it transferred the money from the Easy Street Account to the Debtor for his own personal benefit.

  • The Debtor testified that the bank told him not to keep a large balance in the Easy Street Account until the bank could determine what was happening with the account.

  • Further, the Debtor failed to offer any credible explanation as to how these funds were used.The Debtor testified that the funds in the Easy Street Account were used to pay the salaries and expenses for eight people working exclusively on Easy Street for DMG.

  • At least $111,466 of the funds deposited into the Easy Street Account were commingled with the Debtor’s funds and not returned to the Easy Street Account.

  • No bank statements were entered into evidence or produced at the evidentiary hearing to verify what happened to the balance of the money that the Debtor had transferred from the Easy Street Account into his own personal account.

Related to Street Account

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • Direct Account : means any Account which is not an ISA Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • 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 4.2.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Note Account As defined in the Indenture.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • 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) shall 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).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Finance Charge Account is defined in Section 4.9(a).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • 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.

  • Concentration Account has the meaning provided in Section 6.13(c).