Related to On Deposit
Sums on deposit
means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.
means a cash security deposit in U.S. dollars held by AT&T-21STATE.
means 10% of the Purchase Price;
means the amount of all collections made on the Mortgage Loans from the Cut-Off Date to and excluding the Closing Date.
means deposits in an amount sufficient to accumulate with Lender the entire sum required to pay the Impositions when due.
Reserve Account Initial Deposit
means cash or Eligible Investments having a value of $2,311,742.39.
Reserve Account Deposit
Cash or Eligible Investments having a value of at least $2,802,496.17.
will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.
means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.
means a deposit that the depositor or share account holder does not have a right and is not permitted to make withdrawals from within six days after the date of deposit, unless the deposit is subject to an early withdrawal penalty of at least seven days' simple interest on amounts withdrawn within the first six days after deposit, subject to those exceptions permissible under 12 CFR Part 204, as amended from time to time;
means, with respect to the first six (6) months after the purchase of the Initial Interest Rate Cap, an amount equal to one-forty-eighth (1148th) of one hundred percent (100%) of the cost, as reasonably estimated by Lender, to obtain any required Subsequent Interest Rate Cap. Thereafter, the Monthly Deposit shall mean the amount determined by Lender in accordance with Section 3.02 of this Agreement.
means a financial guarantee to ensure the successful bidder will enter into an agreement.
means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.
has the meaning set forth in Section 2.1.
Reserve Account Deposit Amount
means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).
Initial Deposit Amount
means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].
Spread Account Initial Deposit
means an amount equal to 3.0% of the aggregate principal balance of the Initial Receivables on the Closing Date (which is equal to $14,999,990.83).
Earnest Money Deposit
(EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.
: means a deposit in which someone, such as an employer or the government, sends funds directly to your account through the ACH electronic payment system.
means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.
means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50, and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.
Earnest Money Deposit (EMD)
means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC
means the deposit to be held by the owner as security for the due performance of the contractual obligations.
Reserve Initial Deposit
means, with respect to the 2017-A Reserve Account, $5,874,319.30 (i.e., 0.25% of the 2017-A Cutoff Date Aggregate Securitization Value).
Reserve Fund Initial Deposit
means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.