Maintenance of Separate Accounts Sample Clauses

The "Maintenance of Separate Accounts" clause requires parties, typically in financial or fiduciary arrangements, to keep distinct and segregated accounts for specific funds or assets. In practice, this means that any money or property held on behalf of another party must not be mixed with the holder’s own assets, and separate records must be maintained to track these funds accurately. This clause ensures transparency, prevents commingling of assets, and protects the interests of the party for whom the funds are held, thereby reducing the risk of misappropriation or confusion over ownership.
Maintenance of Separate Accounts. The Plan Administrator shall maintain the following accounts in the name of each person participating in the Plan: (a) After-tax Savings Account (consisting of Participants’ After-tax Savings pursuant to Article IV and any earnings or losses thereon); (b) Section 401(k) Contribution Account (consisting of Section 401(k) Contributions pursuant to Article V and any earnings or losses thereon); and (c) Company Contribution Account (consisting of Company contributions under Section 3.1(b) and (c), forfeitures and any earnings or losses thereon). All of such separate accounts and the separate Fund Subaccounts, as established pursuant to Section 14.5(a), shall in the aggregate constitute the Participant’s Account.
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Maintenance of Separate Accounts. BTC shall establish within the Trust a fund, or funds as applicable: One separate fund, or funds, as applicable (the “Trust Fund”), shall hold funds irrevocably designated for the payment of retiree health and welfare benefits or other similar OPEB Liabilities, including applicable fees and expenses, as reported and impacted by applicable legal requirements, including Governmental Accounting Standards Board Statement Nos. 43 and 45. The disbursement of any monies from the Trust Fund or Funds (as defined in the Trust Agreement and referred to collectively herein as “Accounts”) shall only be made by BTC as provided for and in accordance with the terms of the Trust.
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Maintenance of Separate Accounts. The Parties agree that the Licensee -------------------------------- will maintain, at its principal place of business, separate accounts and records of business and activities conducted with respect to the Hyperstealth Technology and such accounts and records will be in sufficient detail as to enable Royalty calculations to be properly made under this Agreement. The Licensee will retain the accounts and records for at least one year after the date upon which they were made and presented to the Licensors. The Licensee will furnish such reasonable evidence as the Licensors deem necessary to verify the accounting and will permit the Licensors' representatives to make copies of or extracts from such accounts and records. Article 5 --------- OWNERSHIP OF THE HYPERSTEALTH TECHNOLOGY ----------------------------------------
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Maintenance of Separate Accounts. (a) For each of the Administered Contracts issued by the Companies, the amount to be invested on a variable basis in accordance with the terms of such Administered Contract shall be held by the applicable Company in the applicable Separate Account of such Company, and all contributions with respect to such Administered Contract shall be deposited in such Separate Accounts to the extent required by such Administered Contract. From and after the Effective Time, each Company shall retain, control and own all assets held in its Separate Accounts and shall hold its Separate Account Reserves. (b) During the term of this Agreement, each Company will continue to make its Separate Accounts (including managed Separate Accounts) available for investment under all of the applicable Company’s Administered Contracts that invested in such Separate Accounts immediately prior to the Effective Time, except as otherwise permitted or required under this Agreement.
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Maintenance of Separate Accounts. The Separate Accounts shall be credited with the following items as indicated below: (a) the full amount of any payments under an Annuity Contract principally related to a particular Participant and any survivor thereunder shall be credited to the Individual Participant Separate Account for such Participant; (b) the allocable share of contributions as provided in Section 5.2(ii) or 5.2(iii); (c) the allocable share of Trust Fund income and gains as provided in Section 5.5; and (d) the allocable share of Separate Account reallocations as provided in Section 5.6. The Separate Accounts of the Participants or ▇▇▇▇▇▇▇▇, as the case may be, shall be charged with the following items: (a) any payments to the Participants or ▇▇▇▇▇▇▇▇ from the Trust; and (b) the allocable share of expenses and losses of the Trust as provided in Section 5.5. All payments to a Participant or ▇▇▇▇▇▇▇▇ in respect of the Plan or the ▇▇▇▇▇▇▇▇ Agreement shall be charged solely to the Individual Separate Participant Account of the Participant in the case of a Participant with such a separate account, the ▇▇▇▇▇▇▇▇ Separate Account in the case of a payment to ▇▇▇▇▇▇▇▇, or, if the Participant does not have a Individual Participant Separate Account, then the Group Separate Account.
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Maintenance of Separate Accounts. The Trustee shall keep such records and maintain such books and accounts as shall at all times be sufficient to indicate, for accounting purposes, the proportionate part of the Trust Fund that is held on behalf of each Participant under the Plan. For this purpose only, the Trustee shall maintain separate bookkeeping accounts for each Participant and shall credit thereto all contributions made by the Company to fund benefits payable to such Participant and shall charge thereto all payments made to or for the account of such Participant. The Trustee may hold the Trust Fund as a single fund and may invest and reinvest the commingled assets and receive the income and proceeds thereof and make payments therefrom, all without regard to the source of any part of the commingled assets. No Participant shall have any preferred claim on, or any beneficial ownership interest in, any account maintained by the Trustee or in any assets of the trust before such assets are paid to the Participant as benefits under Article III.
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Maintenance of Separate Accounts. 7 5.5 Trust Gains and Losses........................8 5.6
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Related to Maintenance of Separate Accounts

  • Maintenance of Accounts If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture Trustee’s assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 days.

  • Maintenance of Dominion Account Borrowers shall maintain Dominion Accounts pursuant to lockbox or other arrangements acceptable to Agent. Borrowers shall obtain an agreement (in form and substance satisfactory to Agent) from each lockbox servicer and Dominion Account bank, establishing Agent’s control over and Lien in the lockbox or Dominion Account, which may be exercised by Agent during any Sweep Trigger Period, requiring immediate deposit of all remittances received in the lockbox to a Dominion Account, and waiving offset rights of such servicer or bank, except for customary administrative charges. If a Dominion Account is not maintained with Bank of America, Agent may, during any Sweep Trigger Period, require immediate transfer of all funds in such account to a Dominion Account maintained with Bank of America. Agent and Lenders assume no responsibility to Borrowers for any lockbox arrangement or Dominion Account, including any claim of accord and satisfaction or release with respect to any Payment Items accepted by any bank.

  • Account Maintenance Trade Allocations Trade Reporting; (Futures) Daily Trade Checkout Daily Statement Reconciliation

  • Establishment and Maintenance of Records GRANTEE shall maintain records, including but not limited to, books, financial records, supporting documents, statistical records, personnel, property, and all other pertinent records sufficient to reflect properly: a. All direct and indirect costs of whatever nature claimed to have been incurred and anticipated to be incurred in the performance of this AGREEMENT; and b. All other matters covered by this AGREEMENT. Such records shall be maintained in accordance with requirements now or hereafter prescribed by the CITY.

  • Establishment of and Deposits to Custodial Account The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled "[Servicer] in trust for [Owner], owner of Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified Depository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.05. The creation of any Custodial Account shall be evidenced by a letter agreement in the form of Exhibit C hereto. A copy of such letter agreement shall be furnished to the Owner and, upon request, to any subsequent owner of the Mortgage Loans. The Servicer shall deposit in the Custodial Account within 48 hours of receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the related Closing Date, other than payments of principal and interest due on or before the Cut-off Date, or received by the Servicer prior to the Cut-off Date but allocable to a period subsequent thereto: (i) all payments on account of principal on the Mortgage Loans, including all Principal Prepayments; (ii) any amounts received from the Originator in connection with the repurchase of any Mortgage Loan; (iii) all payments on account of interest on the Mortgage Loans adjusted to the Mortgage Loan Remittance Rate; (iv) all Liquidation Proceeds; (v) all Insurance Proceeds including amounts required to be deposited pursuant to Section 3.12 (other than proceeds to be held in the Escrow Account and applied to the restoration and repair of the Mortgaged Property or released to the Mortgagor in accordance with Section 3.17) and Section 3.17; (vi) all Condemnation Proceeds that are not applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor; (vii) any amount required to be deposited in the Custodial Account pursuant to Sections 3.01, 3.10, 4.03, 5.01 or 5.02; (viii) with respect to each Principal Prepayment in full or in part, the Prepayment Interest Shortfall Amount, if any, for the month of distribution. Such deposit shall be made from the Servicer's own funds, without reimbursement therefor up to a maximum amount per month of the Servicing Fee actually received for such month for the Mortgage Loans; and (ix) any amounts received with respect to or related to any REO Property or REO Disposition Proceeds. The foregoing requirements for deposit into the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of (a) Servicing Fees which are payable solely from the interest portion of Monthly Payments, Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds, or (b) Ancillary Income, need not be deposited by the Servicer into the Custodial Account. Any interest paid on funds deposited in the Custodial Account by the depository institution shall accrue to the benefit of the Servicer and the Servicer shall be entitled to retain and withdraw such interest from the Custodial Account pursuant to Section 3.05. Additionally, any other benefit derived from the Custodial Account associated with the receipt, disbursement and accumulation of principal, interest, taxes, hazard insurance, mortgage blanket insurance, etc. shall accrue to the Servicer.