Termination Account definition

Termination Account. An escrow account maintained by the Trustee 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

• Any funds payable to Certificateholders that are not distributed on the Final Distribution Date shall be deposited in a Termination Account, which shall be an Eligible Account, to be held for the benefit of Certificateholders not presenting and surrendering their Certificates in the aforesaid manner, and shall be disposed of in accordance with this Section.

• The Trust shall terminate immediately following the deposit of funds in the Termination Account as provided below.

• A payment into the Termination Account with respect to any Certificate pursuant to Section 10.03 shall be deemed a final payment on, or final distribution with respect to, such Certificate for the purposes of this clause.

• The Trustee, at the direction of the Master Servicer, shall deposit into the Class Currency Swap Termination Account any funds (in Dollars) received by the Trustee from the Currency Swap Counterparty with respect to an Event of Default (as defined in the Class Currency Swap) on the date such funds are received.

• Any funds payable to Certificateholders that are not distributed on the final Distribution Date shall be deposited in a Termination Account, as the case may be, each of which shall be an Eligible Account, to be held for the benefit of Certificateholders not presenting and surrendering their Certificates in the aforesaid manner, and shall be disposed of in accordance with this Section.

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(e).

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

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

Termination Account means the account compiled by the Provider that sets out the sums payable as Compensation, including any set off in respect of the sale of Services Equipment.

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 means the account established and maintained by Collateral Agent pursuant to Section 3.1(g).