VAT Account definition

VAT Account. Has the meaning set forth in Section 11.4 (b).

VAT Account means the special account designated by that name established by the Collateral Trustee pursuant to Article VIII.

VAT Account means any account maintained by the Borrower in accordance with the terms of the VAT Facility Agreement secured in favour of the VAT Lender.

Examples of VAT Account in a sentence

• The VAT that the Council pays on purchases of goods and services (input tax) and VAT that the Council collects on income from the supply of goods and services (output tax) are collected in a separate VAT Account.

• Thus, the company has followed exclusive method of accounting whereby purchases, sales and stock is shown exclusive of VAT and accounted for in separate VAT Account.

• In addition to the Holding Account, the General Account, the Distribution Account and the VAT Account, the Trustee may open and maintain other Trust Accounts (each an “Additional Account”) in Pesos or Dollars, as may be instructed in writing by the Manager from time to time.

• The Trustee shall receive in the VAT Account any reimbursement of VAT paid directly by the Trust, or through the Investment Trusts, in connection with the acquisition of any Real Estate Asset and, subject to any lien that could exist over such VAT Account, the Trustee shall use the amounts deposited in the VAT Account pursuant to the prior written instructions of the Manager.

• Rental ULC, subject to the rights of the Indenture Trustee hereunder and under any Indenture Supplement and the Security Interest granted by Rental ULC hereunder, shall possess all beneficial right, title and interest in all funds and investments on deposit from time to time in the VAT Account and in all proceeds thereof (including all income thereon).

More Definitions of VAT Account

VAT Account the bank account established by the Borrower with the VAT Lender into which (i) all proceeds of disbursements from the Galicia VAT Loan will be deposited and (ii) all VAT-related rebates, refunds or reimbursements will be paid;

VAT Account is defined in Section 6.1(c).

VAT Account has the meaning ascribed thereto in section 4.4;

VAT Account means bank account number 65507727703, with CXXXX 014180655077277033, which the Borrower holds with the Bank. All VAT Refund payments will be deposited into the VAT Account as provided in the VAT Account Agreement.

VAT Account has the meaning given to such term in Section 3.01(a).

VAT Account means an account held at National Westminster Bank Plc in relation to which the Paragon VAT Group’s VAT fund is held and payments made to the extent that the member of the Paragon VAT Group primarily responsible for a VAT payment fails to pay the relevant amount and over which the VAT Declaration of Trust is granted.

VAT Account means the account numbered 00000000 of PFPLC maintained at the Operating Bank which is subject to the VAT Declaration of Trust;