Deposit Guarantee Fund Sample Clauses

Deposit Guarantee Fund. CAIXABANK is adhered to the Deposit Guarantee Fund (DGF) in compliance with the prevailing legislation on compensation system s for investors. The CUSTOMER will be able to find additional information about the system on the website xxx.xxx.xx. Seventeen. US Person clause The Discretionary Management service is not available to “US Persons”. The CUSTOMER declares that they are not a "US Person" and undertakes to inform CAIXABANK immediately should they at any time during the term of this Contract acquire this status. This circumstance will be grounds for termination of the Contract, in which case, CAIXABANK will proceed with the reimbursement of the units of the CISs in the portfolio. For the purposes of this contract, a "US Person" is understood to be the following:
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Deposit Guarantee Fund. CaixaBank is a member of the Deposit Guarantee Fund for Credit Institutions, the purpose of which is to guarantee depositors the cash and securities deposited in credit institutions in accordance with Spanish regulations on deposit guarantees in credit institutions. The full information is available to the CUSTOMER on the website of the Deposit Guarantee Fund for Credit Institutions xxx.xxx.xx. In addition, basic information on the coverage of deposits is provided as Annex III to this contract. With regard to the shares and/or participation units of CIIs held in custody, should the Spanish retailer go bankrupt, the investment made therein would be guaranteed by the Deposit Guarantee Fund for Credit Institutions provided that they are registered in the name of the investor in the retailer.
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Deposit Guarantee Fund. 1.39. There are two types of coverage under the Spanish Banks Deposit Insurance Fund regulation, one for deposits and another for securities. The maximum amount covered in both cases is €100,000.
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Deposit Guarantee Fund. This agreement is covered by the Bank Deposit Guarantee Fund, which guarantees depositors the return of the credit balances in their accounts, including funds from temporary situations caused by trade transactions and the nominative deposit certificates CAJASUR has the duty to return under applicable contractual and legal terms and conditions, regardless of the currency in which they are held and as long as they are constituted in a member state of the European Union. The cover guarantees up to the maximum limit provided in law at any given time, currently €100,000. Besides the guarantee provided for cash deposits, the Fund will compensate investors who have entrusted securities or other financial instruments to the Entity for deposit and registration or for the completion of an investment service under the terms and conditions provided in law. The Fund guarantees the return of securities or instruments that belong to the damaged investor if (according to a court) the application for declaration of bankruptcy of CAJASUR is considered completed and said situation includes the suspension of the return of securities and financial instruments or when the Bank of Spain, in view of the facts that have come to its notice and for reasons related directly to its financial situation, declares that CAJASUR cannot meet its obligations with investors. The following are not considered guaranteed securities:
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Deposit Guarantee Fund. This agreement is covered by the Bank Deposit Guarantee Fund, which guarantees depositors the return of the credit balances in their accounts, including funds from temporary situations caused by trade transactions and the nominative deposit certificates Kutxabank has the duty to return under applicable contractual and legal terms and conditions, regardless of the currency in which they are held and as long as they are constituted in a member state of the European Union. The cover guarantees up to the maximum limit provided in law at any given time, currently €100,000. Besides the guarantee provided for cash deposits, the Fund will compensate investors who have entrusted securities or other financial instruments to the Entity for deposit and registration or for the completion of an investment service under the terms and conditions provided in law. The Fund guarantees the return of securities or instruments that belong to the damaged investor if (according to a court) the application for declaration of bankruptcy of Kutxabank is considered completed and said situation includes the suspension of the return of securities and financial instruments or when the Bank of Spain, in view of the facts that have come to its notice and for reasons related directly to its financial situation, declares that Kutxabank cannot meet its obligations with investors. The following are not considered guaranteed securities:
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Related to Deposit Guarantee Fund

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • 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.

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

  • Deposit A deposit totaling 35% of the agreed upon Total Amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by traveler's checks, bank money order, wire transfer, or certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within Ten days booking will be cancelled. The deposit amount is $_DepositAmount_.

  • Certificate Accounts Any time deposit, term share, share certificate, or certificate of deposit account allowed by state law (certificate account), whichever we offer, is subject to the terms of this Agreement, the Truth-in-Savings Disclosure, and the Account Receipt for each account, the terms of which are incorporated herein by reference.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

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