Share Account. The Company shall maintain a Share Account for each Deferred Stock Participant and for each Monthly Deferral Participant who elects to have a Deferred Amount credited in Shares pursuant to [subsection 5.2] hereof. The Share Account shall be denominated in Shares and maintained in fractions rounded to three (3) decimal places. Shares allocated to each Share Account shall be hypothetical and not issued or transferred by the Company until payment is made pursuant to Section 8 hereof.
Account Statements. Within a reasonable time following the end of each calendar year, the Company shall render an annual statement to each Participant. The annual statement shall report the number of Shares credited to the Participant's Share Account as of December 31
Funding Account. The Lender shall have received a notice from the Borrower setting forth the Funding Account.
Escrow Account.EXAD shall verify the certificates have been deposited in Escrow as per the table on [Schedule A].
Each Borrower agrees that will, on behalf of itself and the Subsidiary Borrower, upon the request of the Administrative Agent or the Required Lenders and until the final expiration date of any Letter of Credit and thereafter as long as any amount is payable to the Issuing Banks or the Revolving Loan Lenders in respect of any Letter of Credit, maintain one or more special collateral accounts pursuant to arrangements satisfactory to the Administrative Agent (all such accounts, collectively, the L/C Collateral Account) at the Administrative Agents office at the address specified pursuant to Article XIV, in the name of but under the sole dominion and control of the Administrative Agent, for the benefit of the Holders of Secured Obligations, and in which no Borrower shall have any interest other than as set forth in Section 9.1. Each Borrower hereby pledges, assigns and grants to the Administrative Agent, on behalf of and for the ratable benefit of the Holders of Secured Obligations, a security interest in all of such Borrowers right, title and interest in and to all funds which may from time to time be on deposit in the L/C Collateral Account to secure the prompt and complete payment and performance of the Obligations. The Administrative Agent will invest any funds on deposit from time to time in the L/C Collateral Account in certificates of deposit of JPMCB having a maturity not exceeding 30 days. Nothing in this Section 3.11(A) shall either obligate the Administrative Agent to require any Borrower to deposit any funds in the L/C Collateral Account or limit the right of the Administrative Agent to release any funds held in the L/C Collateral Account in each case other than as required by Section 2.4(B) or 9.1 or this Section 3.11.
Memorandum Account. The Participant’s Award of Restricted Stock Units shall be recorded in a memorandum account.
Designated Account. Agent is authorized to make the Revolving Loans, and Issuing Bank is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrowers, any Revolving Loan or Swing Loan requested by Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account.
Suspense Account. All Company Stock acquired by the Plan with the proceeds of an Exempt Loan shall initially be added to and maintained in the Unallocated Company Stock Suspense Account. (As of March 1, 2009, there are no shares of Company Stock in the Unallocated Company Stock Suspense Account.) Such Company Stock shall be released and withdrawn from such Account as if all Company Stock in such Account were encumbered. For each Plan Year during the duration of the Exempt Loan, the number of shares of Company Stock released with respect to such Plan Year shall equal the number of encumbered shares held immediately before release for such Plan Year multiplied by a fraction, the numerator of which is the amount of principal and interest paid on the Exempt Loan for such Plan Year and the denominator of which is the sum of the numerator plus the principal and interest to be paid for all future Plan Years.
Roth Account. Prior to the 2013 Plan Year, a Participant may not make a withdrawal from his Roth Account before his Termination of Employment.
Deferred Cash Account. “Deferred Cash Account” means the bookkeeping subaccount established and maintained under this Plan and which is valued in accordance with Section 5(a), and which is maintained solely to calculate amounts payable to each Participant under this Plan and shall not constitute a separate fund of assets.
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