Temporary Account definition

Temporary Account means the Account opened for the Customer by the Bank for a certain period of time, intended for the accumulation of funds for the formation/increase of the share capital of the Legal Person (Customer) or for the accumulation of funds obtained in the course of placement of securities.
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Temporary Account has the meaning given in Section 2.1.
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Temporary Account means the account established and maintained pursuant to Section 4.10(a) of the Sale and Servicing Agreement.
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Examples of Temporary Account in a sentence

  • Once the Partnership has established a bank account in its own name, any funds remaining in the Temporary Account shall be promptly transferred to the Partnership's account.

  • No funds of any other Person shall be co-mingled with the funds held in trust for the Partnership in the Temporary Account.

  • In addition, the Temporary Account shall be established and maintained at an institution which agrees in writing that for so long as the Notes are Outstanding it will comply with entitlement orders (as defined in Article 8 of the UCC) originated by the Indenture Trustee without further consent of the Issuer.

  • In accordance with Borrower's ordinary and customary mode of business and prudent cash management practices, all Collections deposited in any deposit account of any Debtor (other than the Blocked Account) shall be transferred no less often than weekly into the Temporary Account, or the Blocked Account, as applicable.

  • Within one business day of the opening of the DIP Loan Disbursement Account the Debtors shall transfer the proceeds of the DIP Loans (less disbursements that were authorized under the Budget) from the Temporary Account to the DIP Loan Disbursement Account.

  • Prior to the occurrence of a Designated Event of Default, Borrower shall have unrestricted access to the funds in such Temporary Account or Blocked Account, as applicable.

  • On the Closing Date, the Depositor shall deposit the $125,000 into the Temporary Account.

  • From and after the occurrence of a Designated Event of Default, all amounts received in the Temporary Account or Blocked Account, as applicable, automatically shall be wire transferred each Business Day into an account (the "Foothill Account") maintained by Foothill at a depositary selected by Foothill.

  • Additionally, amounts in the Temporary Account will be retained uninvested in the circumstances described in Section 8.3(c) of the Indenture.

  • The Temporary Account and all amounts, securities, investments, financial assets and other property deposited in or credited to the Temporary Account (such amounts, the "Temporary Account Property") shall be held by the Indenture Trustee as secured party for the benefit of the Noteholders and, after payment in full of the Notes, as agent of the Owner Trustee and as part of the Trust Property, and all withdrawals from there from shall be made only upon the terms and conditions of the Basic Documents.


More Definitions of Temporary Account

Temporary Account means account number 2320839090 of Mountasia maintained with NationsBank, National Association (South), whose office is located at 000 Xxxxxxxxx Xxxxxx, X.X., Xxxxxxx, Xxxxxxx 00000.
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Temporary Account is defined in Section 3.2(a).
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Related to Temporary Account

  • Temporary job site means any location where industrial radiography, wireline service, well-logging, portable gauge or x-ray fluorescence use is performed and where licensed material may be stored other than those locations of use authorized on the license.

  • Temporary post means a post other than a permanent post.

  • Temporary Certificate means a certificate issued pursuant to subdivision (d) of section 7 of this local law.

  • temporary resident means a person who, in accordance with standards prescribed in rules adopted by the registrar, resides in this state on a temporary basis.

  • Temporary Position means a position that the Employer has determined will be in excess of thirty (30) calendar days and not more than two (2) years, but which is not a Regular Position. Temporary Positions are intended for staffing of short term projects and interim staffing relief during periods such as the absences of employees or for unexpected and temporary changes in workload. A Temporary Position may be either a new position for the designated period or a temporary vacancy of a Regular Position or of a previously vacated Temporary Position.

  • Temporary service means an electrical service granted temporarily for such purposes as construction, real estate sales, trailers, et cetera;

  • Temporary Closure means ceasing operation of all or part of a facility with the intent of reusing the facility or portion of the facility at a future date.

  • Temporary Cash Investment means any of the following:

  • Temporary custody means legal custody of a child who is removed from the child's home, which custody may be terminated at any time at the discretion of the court or, if the legal custody is granted in an agreement for temporary custody, by the person who executed the agreement.

  • Temporary Cash Investments means any of the following:

  • Temporary use means a use or structure on improved or unimproved real estate which is of impermanent nature, and is used for less than ninety days in a calendar year.

  • Temporary food establishment means a food establishment that operates for a period of no more than fourteen consecutive days in conjunction with a single event or celebration.

  • Temporary Work means all temporary works of every kind required in or about the execution, completion and maintenance of the works.

  • Temporary food service establishment means a food service establishment that operates at a fixed location for a period of time of not more than 14 consecutive days in conjunction with a single event or celebration.

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Temporary Employee is one who is hired on a temporary basis for a full- time or part-time position:

  • Temporary Assignment means the assignment of an employee by the permanent head to a classification outside his regular classification on an interim basis:

  • Temporary sign means a sign not permanently fixed and not intended to remain fixed in one position;

  • Temporary Structure means any structure that is apparently temporary in nature;

  • Temporary domicile means the principal place of abode within Utah of a person who does not have a present intention to continue residency within Utah permanently or indefinitely.

  • Temporary container means a receptacle that is usually made

  • Temporary Vacancy a vacancy in a position caused by the regularly assigned employee being absent from duty or temporarily assigned to other duties.

  • Temporary Works means all temporary works of every kind required in or about the execution, completion or maintenance of works.

  • Temporary worker means a person who is furnished to you to substitute for a permanent "employee" on leave or to meet seasonal or short-term workload conditions.

  • Temporary Employees means those employees hired to replace regular employees absent due to illness, accident, vacation, leave of absence, etc., or hired to perform work on projects or assignments of limited duration. The employment of temporary employees hired to perform work on projects or assignments of limited duration shall be limited to a period of ninety (90) days of work in any twelve (12) month period, commencing from the date of hire or commencement of employment in such period. The period of employment for temporary employees hired for all other purposes shall be limited to twelve (12) months. A project or assignment of limited duration shall not exceed eighteen (18) weeks’ duration in any twelve (12) month period. Any projects or assignments of limited duration in excess of that provided for herein will be posted.