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.

  • The Bank shall hold as agent for State Street and shall physically segregate in the Account such cash, bullion, coin, stocks, shares, bonds, debentures, notes and other securities and other property which is delivered to the Bank for that State Street Account (the "Property").

  • General Fund =$1,750,861.89; Payroll = $35,270.50; Money Market General Fund Town Bank =$124,176.73; Business Super NOW-General Fund = $32,861.91; Money Market General Fund Farmers Bank = $285,779.58; General Fund Capital Escrow = $50,593.64; Certificate of Deposit = $24,723.34; Certificate of Deposit Police Dept = $36,159.81; Special Project Account (Pinewood) = $19,842.61; Pinewood Heights Escrow =$50,643.88; South Church Street Account = $568,542.04; Subtotal General Fund =$2,979,455.93.

  • 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.

  • 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.

  • Direct PaymentsDirect payments or electronic payments can be made into the bank account of the City of Matlosana, ABSA bank, Anderson Street, Account no.

  • When asked why the Debtor had to move the money out of the Easy Street Account if the bank was monitoring it, the Debtor responded that he was concerned that if the account was hacked into, it would take a long time to recover the money.

  • Thus, $111,466 was taken from the Easy Street Account and used improperly by the Debtor for his own personal benefit.

  • If the Company purchases Shares in the Offer, Water Street shall, on the Payment Date, pay to the Company, by wire transfer of immediately available funds, all interest actually earned on the Purchase Price from and including the date of its deposit in the Water Street Account up to the Payment Date.

  • DMG’s breach actually and proximately caused monetary harm to Rossiello.DMG’s act of unjustly taking money from the Easy Street Account meets the elements of the tort of conversion under New York law.

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.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 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) 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).

  • 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 or a Portfolio 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 General 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.