Common use of Deposit Account Interest Clause in Contracts

Deposit Account Interest. From and after the date hereof, interest shall continue to accrue or be deemed to accrue on the balances specified for the WMI Accounts and the Disputed Accounts at the greater of (a) three (3) basis points and

Appears in 4 contracts

Samples: Settlement Agreement, And Restated Settlement Agreement, Settlement Agreement

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Deposit Account Interest. From and after the date hereof, interest shall continue to accrue or be deemed to accrue on the balances specified for the WMI Accounts and the Disputed Accounts at the greater of (a) three (3) basis points andand (b) such other amount as may be quoted by JPMC as applicable to one, three and six month rates, as selected by WMI in its sole and absolute discretion.

Appears in 2 contracts

Samples: Settlement Agreement (Washington Mutual, Inc), Settlement Agreement (Washington Mutual, Inc)

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