Tax Trust Accounts definition

Tax Trust Accounts means, collectively, the Priority Claim Trust Account, the Segregated Tax Account, the Sales and Use Escrow and the Property Tax Trust Account. Notwithstanding anything herein or in the Sale Order or the DIP Lender Winddown Order, in the discretion of the Debtors or the Liquidation Trustee and with the agreement of the U.S. Treasury, excess amounts in any Tax Trust Account may be used to fund deficiencies in another Tax Trust Account as and when determined to be necessary or appropriate in the discretion of the Liquidation Trustee.
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Tax Trust Accounts means, collectively, those accounts identified on Disclosure Schedule (3.19) as such and established for the sole purpose of securing the payment of taxes imposed on the Borrowers by any Governmental Authority of the United States or Canada in the ordinary course of business.
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Tax Trust Accounts means (i) account numbers 65676/31468 (Excise Tax Account), 65677/31469 (Security Fee Account) and 65678/31470 (PVC Fund Account) at Deutsche Bank Trust Company Americas and (ii) account number 2183061999 (PVC Escrow & Disbursement Account) at Associated Bank, National Association.
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Examples of Tax Trust Accounts in a sentence

  • SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 911 Emergency Telephone Accounts for revenues and expenditures of the911 Emergency Telephone Fund Use Tax Trust Accounts for revenues and expenditures of the Use Tax Trust Fund Airport Operating Accounts for revenues and expenditures of the Airport Operating Fund Hwy.

  • Transfer of P & I or Tax Trust Accounts‌ P & I and Tax Trust Accounts may be transferred from one institution to another or may be consolidated into one P & I account and one tax account as long as the transfer receives CMHC’s prior written approval.

  • According to this argument, a dense molecular cloud re- yE-mail: pavel@astrophysik.uni-kiel.de†Heisenberg FellowⓍC 2003 RAS Downloaded from https://academic.oup.com/mnras/article/346/2/369/1472096 by guest on 27 May 2021gion contracts with constant temperature and rising density so that the Jeans mass becomes smaller, allowing smaller fragments to form as time progresses.

  • The interim financing is secured by first ranking liens on all real and personal, corporeal and incorporeal, present and future assets, including on all of the accounts of FNFA and the debt accounts of members with outstanding loans and the rights of FNFA in the Secured Revenues Trust Account and the Property Tax Trust Accounts.

  • Schedule 6.19 lists all banks and other financial institutions at which any Issuer maintains deposit or other accounts as of the Closing Date, including any Disbursement Accounts, Canadian Disbursement Accounts, payroll accounts, xxxxx cash accounts and the Tax Trust Accounts, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Seller agrees to transfer to Buyer, on the Closing Date, all cash and securities in the Tax Trust Accounts, less interest accrued to but excluding the Closing Date.


More Definitions of Tax Trust Accounts

Tax Trust Accounts means, collectively, the Priority Claim Trust Account, the Segregated TaxAccount, the Sales and Use Escrow and the Property Tax Trust Account. Notwithstanding anything herein or in the Sale Order or the DIP Lender Winddown Order, in the discretion of the Debtors or the Liquidation Trustee and with the agreement of the U.S. Treasury, excess amounts in any Tax Trust Account may be used to fund deficiencies in another Tax Trust Account as and when determined to be necessary or appropriate in the discretion of the Liquidation Trustee. solely with the consent of the U.S. Treasury (which consent may be withheld for any reason); provided further that, without limiting the foregoing, the U.S. Treasury agrees that up to $4 millionin excess amounts in any Tax Trust Account may be used to fund such deficiencies without the further consent of the U.S. Treasury. 210A. "Terminated Other Property" means an Unsold Other Property that has been designated as a Terminated Property by the Liquidation Trust in accordance with Section IV.O.2.b. 210B. "Terminated Property" means any Unsold Property that has been designated by the Liquidation Trust in accordance with Section IV.O.2.b.
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Tax Trust Accounts means, collectively, the Priority Claim Trust Account, the Segregated
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Related to Tax Trust Accounts

  • 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.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • 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.

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

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

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

  • 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.

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

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

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

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

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

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Collection Accounts As defined in Section 3.10(a).

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

  • 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.

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

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

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

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

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