Demand Deposits Sample Clauses

Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by the Bank from time to time (such rates may be adjusted by the Bank from time to time without prior notice to the Depositor). Interest shall be calculated semiannually in arrears as of June 20 and December 20 of each year and paid on the following Business Day.
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Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by the Bank from time to time Interest shall be calculated semiannually in arrears as of June 20 and December 20 of each year and paid on the following business day. Interest on New Taiwan Dollar Demand Deposit is calculated on a daily basis (day-end deposit balance multiplied relevant interest rate and divided by 365 days). Cash deposit, fund transfer or remittance through ATM or internet banking to Demand Deposit accounts during non-business hours (including holidays), the interest will be calculated from the day if the transaction completed on or before 23:00pm.
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Demand Deposits. 2.4.1. Demand Deposit is a type of account where a maturity is not designated beforehand and where the balance of account may be paid by the Bank to the Customer upon his demand. The Bank is free to or not to accrue and pay interests on these accounts. If interest is accrued over Demand Deposits, such interests will be compounded to the principal sum as of the year-ends. If and when rates of interest applied on these accounts are changed by the Bank or as per the Applicable Laws and Regulations, the interest amount will be calculated over the new rate of interest with effect from the date of change, without any further notice in relation therewith. The Customer will have the right to claim back the balance of his Demand Deposit Accounts without prejudice to the provisions of the Applicable Laws and Regulations pertaining to pledge, lien, exchange and transfer and his powers and obligations set forth in the other laws.
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Demand Deposits a) The opening of a sight account shall be deemed authorized upon the mere acceptance of the initial deposit. Additionally, in the case of natural person Clients, any individuals unable to sign may also open deposits and/or savings accounts and withdraw funds by affixing their fingerprint to the relevant documents in the presence and with the certification of two witnesses, one of which shall further sign on behalf of the interested party.
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Demand Deposits. 23.1.1 The Bank, after signature of these General Terms and Conditions, signature of the Account Opening Form, receipt of the requested documents, and on establishing that all the legal requirements have been fulfilled, shall open, in the Client’s name, and following its instructions, one or several demand deposit(s), where it will deposit the amounts delivered by the Client or third parties for this purpose. The current account or accounts will be debited, up to the existing balance at that moment, for uses executed by the Client, payment orders and clearances and any other amounts in which the Bank is authorised or instructed for this purpose.
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Demand Deposits. All funds of every kind and nature received by the --------------- Company, including Capital Contributions, loan proceeds and operating receipts, shall be deposited in such bank accounts opened in the name of the Company as shall be determined by the Board. Signatories shall be as designated from time to time by the Board.
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Demand Deposits. Interest of a demand deposit account shall be accrued at the Bank’s board interest rates applicable to the relevant currencies on a daily, simple and floating basis. The interest will be paid on June 21st and December 21st of each year (or the preceding banking day if such days are holidays) and credited to the Customer’s account on the next banking day.
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Demand Deposits. Interest shall be calculated at the then prevailing rate for the relevant currency posted by us from time to time (such rates may be adjusted by the Bank from time to time without prior notice to you). In relation to Accounts maintained with Bank of America, N.A., Taipei Branch, interest shall be paid on the June 30th and December 31st of each calendar year. In relation to Accounts maintained with Bank of America, N.A., Taipei Offshore Banking Branch, interest shall be paid on the last day of each calendar month. Time Deposits. For non-negotiable time deposits, interest shall be calculated according to the then prevailing interest rate for the relevant currency and tenor (such rates may be adjusted by us from time to time without prior notice to you) and, be automatically deposited into your demand deposit or checking Account held with us at the maturity thereof, or be paid to you upon maturity. For negotiable time deposits, interest shall be calculated at the then market interest rates for the relevant currency and tenor as separately negotiated between the Parties and be paid to you at the maturity thereof.
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Demand Deposits. Interest will be calculated at the then prevailing rate for the relevant currency posted by us from time to time (such rates may be adjusted by us from time to time without prior notice to you). In relation to Accounts maintained with Bank of America, N.A., Taipei Branch, interest will be paid on the June 30th and December 31st of each calendar year. In relation to Accounts maintained with Bank of America, N.A., Taipei Offshore Banking Branch, interest will be paid on the last day of each calendar month.
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Related to Demand Deposits

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Interest Bearing Deposits Upon receipt of Proper Instructions directing the Custodian to purchase interest bearing fixed term and call deposits (hereinafter referred to collectively, as "Interest Bearing Deposits") for the account of the Fund, the Custodian shall purchase such Interest Bearing Deposits in the name of the Fund with such banks or trust companies (including the Custodian, any Subcustodian or any subsidiary or affiliate of the Custodian) (hereinafter referred to as "Banking Institutions") and in such amounts as the Fund may direct pursuant to Proper Instructions. Such Interest Bearing Deposits may be denominated in U.S. Dollars or other currencies, as the Fund may determine and direct pursuant to Proper Instructions. The Custodian shall include in its records with respect to the Assets of the Fund appropriate notation as to the amount and currency of each such Interest Bearing Deposit, the accepting Banking Institution and all other appropriate details, and shall retain such forms of advice or receipt evidencing such account, if any, as may be forwarded to the Custodian by the Banking Institution. The responsibilities of the Custodian to the Fund for Interest Bearing Deposits accepted on the Custodian's books in the United States shall be that of a U.S. bank for a similar deposit. With respect to Interest Bearing Deposits other than those accepted on the Custodian's books, (a) the Custodian shall be responsible for the collection of income as set forth in Section 2.15 and the transmission of cash and instructions to and from such accounts; and (b) the Custodian shall have no duty with respect to the selection of the Banking Institution or, so long as the Custodian acts in accordance with Proper Instructions and the terms and conditions of this Agreement, for the failure of such Banking Institution to pay upon demand. Upon receipt of Proper Instructions, the Custodian shall take such reasonable actions as the Fund deems necessary or appropriate to cause each such Interest Bearing Deposit account to be insured to the maximum extent possible by all applicable deposit insurers including, without limitation, the Federal Deposit Insurance Corporation.

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables.

  • Interest on Deposit Liabilities The Assuming Institution agrees that, from and after Bank Closing, it will accrue and pay interest on Deposit liabilities assumed pursuant to Section 2.1 at a rate(s) it shall determine; provided, that for non-transaction Deposit liabilities such rate(s) shall not be less than the lowest rate offered by the Assuming Institution to its depositors for non-transaction deposit accounts. The Assuming Institution shall permit each depositor to withdraw, without penalty for early withdrawal, all or any portion of such depositor's Deposit, whether or not the Assuming Institution elects to pay interest in accordance with any deposit agreement formerly existing between the Failed Bank and such depositor; and further provided, that if such Deposit has been pledged to secure an obligation of the depositor or other party, any withdrawal thereof shall be subject to the terms of the agreement governing such pledge. The Assuming Institution shall give notice to such depositors as provided in Section 5.3 of the rate(s) of interest which it has determined to pay and of such withdrawal rights.

  • Cash Deposits Within the limitations of this Subsection, Purchaser shall make cash deposits to meet Purchaser’s obligations within 15 days of billing by Forest Service. Deposits shall be made to Forest Service, U.S.D.A., by mail or delivery to the address to be fur- nished by Forest Service. Forest Service shall explain the bill at the time it requests each deposit.

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