Accumulative deposit Sample Clauses

Accumulative deposit. 10.3.1 An accumulative deposit is a term deposit type, with term deposit conditions established by the present agreement as stated above, with the difference that for the accumulative deposit it is possible to add amounthowever, the amount cannot be withdrawn prior to expiration of the term/termination of the agreement. The accumulative deposit interest rate is transferred to the relevant account after the effective term of the deposit expires.
Sample 1Sample 2Sample 3See All (33)
AutoNDA by SimpleDocs

Related to Accumulative deposit

  • Accumulation Vacation time shall be earned and accumulated on a monthly basis in accordance with the following schedules:

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Reserve Fund (a) On the Closing Date, the Seller will deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.

  • Available Funds $ 3,473,394.07 ---------------

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

Time is Money Join Law Insider Premium to draft better contracts faster.