Cash Account definition

Cash Account has the meaning set forth in Section 2.1(a)(ii).

Cash Account or “Cash Accounts” means any or all of the segregated trust accounts to be established at the Custodian to which the Custodian shall deposit or credit and hold any cash or Proceeds received by it from time to time, including from or with respect to the Securities or the sale of the Securities of the Company, as applicable, which trust accounts shall be designated the “Cash Proceeds Account”, “Principal Account”, and “Interest Account”.

Cash Account means the account in which the funds handed over by the client shall be held by the Portfolio Manager on behalf of the Client.

Examples of Cash Account in a sentence

• Shareholders due dividend monies which are held in an Umbrella Cash Account will rank equally with all other unsecured creditors of the relevant Fund and will be entitled to a pro-rata share of monies which are made available to all unsecured creditors by the insolvency practitioner.

• Therefore in such circumstances, the Shareholder may not recover all monies originally paid into an Umbrella Cash Account for onward transmission to that Shareholder.

• Currently no interest will be paid on cash held in a Cash Settlement Account or ISA Cash Account.

• Redemption and dividend payments will, pending payment to the relevant investors, be held in the Umbrella Cash Account.

• Redeeming investors and investors entitled to dividend payments held in the Umbrella Cash Account will be unsecured creditors of the relevant Fund with respect to those monies.

More Definitions of Cash Account

Cash Account has the meaning given to it in Section 4.1.

Cash Account means the account created by the Company pursuant to Article III of this Plan in accordance with an election by a Director to receive deferred cash compensation under Article II hereof.

Cash Account means an account established under the Plan for a Non-employee Director to which cash meeting fees and retainers have been or are to be credited in the form of cash.

Cash Account means the cash ledger of the Custody Account to which debits and credits are made in respect of security transactions and other deposits to said account and against which no withdrawal may be made by check or draft.

Cash Account means the account maintained on behalf of a Participant by the Company for the purpose of holding cash contributions withheld from payroll pending investment in Stock.

Cash Account means any or all of the accounts to be established at the Custodian to which the Custodian shall deposit or credit and hold any cash Proceeds received by it from time to time from or with respect to the Securities or the sale of the Securities of the Company, as applicable, which accounts shall be designated the “HPS Corporate Lending Fund Cash Interest Proceeds Account” and the “HPS Corporate Lending Fund Cash Principal Proceeds Account.”

Cash Account has the meaning set forth in Section 8.01.