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Common use of Operation of Accounts Clause in Contracts

Operation of Accounts. ADMINISTRATOR and SDI shall operate all disbursement accounts in accordance with the Account Guidelines.

Appears in 3 contracts

Sources: Third Party Administrator Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co), Third Party Administrator Agreement, Third Party Administrator Agreement (Vel Ii Acct of State Mutual Life Assur Co of America)

Related Clauses

  • Location of accounts
  • Collection of Accounts
  • Addition of Accounts
  • Administration of Accounts
  • Verification of Accounts

Parent Clauses

  • Communications and Instructions
  • Definitions and Interpretation
  • Opening and Operation of Account
  • Services
  • Advances and Operation of Accounts

Sub-Clauses

  • Instructions
  • Balances of Accounts
  • Deposits By or on Behalf of Lenders to Constitute Advances
  • Authority to Debit and Credit
  • Maintenance of Loan Records by the Administrative Agent
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