Termination Account definition

Termination Account. An escrow account maintained by the Securities Administrator into which any Trust funds not distributed on the Distribution Date on which the earlier of (a) a Terminating Purchase or (b) the final payment or other Liquidation of the last Mortgage Loan remaining in the Trust or the disposition of the last REO Property remaining in the Trust is made are deposited. The Termination Account shall be an Eligible Account.

Termination Account means an Account established for distribution of Participant deferrals elected to commence upon the Payment Date following Separation from Service pursuant to Article 4 of the Plan.

Termination Account means the account established and maintained by the Collateral Trustee for deposits of the Termination Payment payable under the Initial Charter for such Owner's Vessel by Chevron Transport.

Examples of Termination Account in a sentence

• Statement of the Authorised Corporate Director’s Responsibilities The rules contained in the Collective Investment Schemes Sourcebook (COLL) and made by the Financial Conduct Authority pursuant to the Financial Services and Markets Act 2000 require the ACD to prepare the Termination Account which shows how the termination has been conducted.

• The Termination Account must state the date on which the sub-fund’s affairs were terminated and this date must be regarded as the final day of the accounting period for that sub-fund.

• If you hold IDRs in demat form, please attach the demat slip as received from your depository participant confirming transfer of IDRs from account to the SCPLC Termination Account.

• In preparing the Termination Account the ACD is required to: • As soon as is practically possible after commencement of the termination process, dispose of the sub-fund property and meet any liabilities from the proceeds of such disposal.

• Notwithstanding the foregoing, any such proceeds relating to Collateral with respect to which the Lien of the Serial Indenture has been released shall be deposited in the Termination Account and will be disbursed by the Collateral Trustee to pay certain fees and expenses of the Collateral Trustee if paid by, or if due to, the Collateral Trustee or the Term Indenture Trustee under the related Security Documents, interest due and unpaid on the Term Mortgage Notes and principal due and unpaid thereon.

More Definitions of Termination Account

Termination Account means a Deferral Account established by the Committee to record the amounts payable to a Participant upon Separation from Service. Unless a Specified Date Account has been established by or on behalf of a Participant, all Deferrals and Company contributions shall be allocated to a Termination Account on behalf of the Participant.

Termination Account means the Termination Account of the Debt Service Fund created in Section 5.01(d).

Termination Account shall have the meaning set forth in Section 6.9.1 hereof.

Termination Account shall have the meaning set forth in Article XII(I)(i)(d).

Termination Account means the account established and maintained by the Indenture Trustee pursuant to Section 3.1(b).

Termination Account means the bookkeeping account(s) maintained by the Employer for the benefit of a Participant to record the Participant’s Termination Benefit. A Participant’s Termination Account is made up of some or all of the following accounts that are maintained in the name of the Participant, as applicable:

Termination Account shall have the meaning specified in Section 13.2(c).