Deposit Service. We will forward the Drafts you deposit with us for collection. You may only deposit Drafts that are properly payable to you and in a form and of a type approved by us. We may refuse any Draft in our sole discretion.
Deposit Service. The Deposit Service allows customers to make deposits to eligible checking, savings or money market accounts with the Bank using a camera-enabled mobile device (each such deposit a “Mobile Deposit” and collectively “Mobile Deposits”). The mobile device must capture an image of the front and back of each check to be deposited, including the magnetic ink character recognition line on each check, the back of the check must be endorsed, and must provide such other information as required by the Mobile Deposit Agreement, the Terms and Conditions of Your Account (“Deposit Account Agreement”) as it relates to your checking, savings, or money market account with Bank, and applicable law.
Deposit Service. This Service (also known as remote deposit capture) enables you to convert original paper checks that are drawn on or payable through United States financial institutions into digitized images ("Images") and to electronically transmit the Images to us for deposit into one or more designated Accounts with us for collection thereafter by us. Images transmitted to us electronically for deposit are not deemed received until we accept the transmittal at our designated location. In connection with this Service, we grant you a non-exclusive, non- transferable, non-sublicensable, limited site license to use the E- Deposit Software, as such E-Deposit Software may be upgraded or modified from time to time by us, together with copies of all documentation relating thereto which we shall provide to you, for use solely at such location and on such computer equipment of yours as we shall agree. Our agreement respecting the computer, scanning equipment, or mobile device you use shall mean only that the equipment is compatible with the specifications for the E- Deposit Software. We are not responsible or liable for the actual operation of your scanning equipment, computer equipment, or mobile device, which is between you and its manufacturer or supplier. You may only use the E-Deposit Service for the purpose of transmitting to us at our designated location, the Images you intend to be deposited into your designated Account with us. Nothing herein shall grant to you any proprietary right to the E-Deposit Software, the E-Deposit Service or the related documentation. You shall not copy or alter the E-Deposit Software or documentation in any way. You shall not reverse engineer, reverse compile or disassemble the object codes, source codes or algorithms of the E- Deposit Software, or encumber the E-Deposit Software or transfer the E-Deposit Software, or any of your rights, to any other party. You also understand that we warrant that our E-Deposit Software as downloaded from the Internet by you is, at the time of download, free from any virus, malicious logic, worm, bug, error, defect or trap door, or similar disabling event that will adversely impact your computer and that it will materially conform to the description of its function and performance set forth in the written documentation we provide to you. However, our warranty will not apply in the event of equipment malfunction, use of the E-Deposit software on equipment not approved by us, your negligence, misuse or failur...
Deposit Service. Schedule 6.9
(a) is a true, correct and complete --------------- --------------- listing of all of Deposit Accounts. Borrower will not establish or open any other Deposit Account or other bank or lock box account without first notifying Agent and delivering to Agent a fully executed Deposit Control Agreement with the Deposit Bank or other bank where such account is located. Borrower has instructed each Deposit Bank (other than Union Bank of California, N.
A.) to remit all receipts in such Deposit Account to Borrower's Deposit Account at Union Bank of California, N.A, at such time that monies received or accumulated in any Deposit Bank aggregate in excess of two million dollars ($2,000,000). If, notwithstanding such instructions, Borrower receives any proceeds of Accounts, it shall receive such payments as Agent's trustee, and shall immediately notify each Agent as to its receipt of such proceeds and shall deposit such payments into its Deposit Account at Union Bank of California, N.
A.. All collections received in any Deposit Account or received directly by Borrower or Agent shall be subject to Agent's sole control; provided, however, that as long as (i) no Event of Default shall have occurred and be continuing, and (ii) no Agent Advance made pursuant to Section 2.3(b)(ii) is outstanding, Borrower may use all ------------------ moneys deposited in a Deposit Account to be used for Borrower's working capital needs and general corporate purposes; provided further, however, that immediately (A) upon the occurrence and during the continuance of any Event of Default, or (B) upon the making of any Agent Advance pursuant to Section ------- 2.3(b)(ii) hereof, until such Agent Advance is repaid by Borrower in full, Agent ---------- may and, upon the instruction of the Majority Lenders, shall, reassume sole control of such Deposit Account(s) and shall transfer all collections deposited in such Deposit Account(s) to Agent for application to the Obligations pursuant to Section 4.4 hereof. Agent may (and upon the instruction of the Majority ----------- Lenders, shall), at any time (y) following the occurrence and during the continuation of an Event of Default, or (z) following the making of any Agent Advance pursuant to Section 2.3(b)(ii) hereof until such Agent Advance is repaid ------------------ in full, notify the Account Debtors that the Accounts have been assigned to Agent and of Agent's security interest therein, and may (and upon the instruction of the Majority ...
Deposit Service. When determining the interest rates for deposits to be placed by the Group with CSCF, the Company shall obtain the interest rate from CSCF, and make reference to the interest rates of the same type of deposits quoted by not less than three major commercial banks in the PRC (the “Reference Deposit Rate(s)”). The interest rate applicable to the Group for its deposits with CSCF shall be the higher of: (i) the highest Reference Deposit Rate; and (ii) the interest rate provided by CSCF.
Deposit Service the interest rates shall not be lower than (i) the lower limits of the interest rates promulgated by the PBOC from time to time for the same category of deposits; (ii) the interest rates offered to other member companies of HECIC by the Group Finance Company for the same category of deposits; and (iii) the interest rates individually obtained from commercial banks by the Group member using the Deposit Service for deposits with the same term and of the same stage and category.
Deposit Service. In respect of the Deposit Service, the maximum daily deposit balance and the actual maximum daily deposit balance of the deposits placed with the Group Finance Company by the Group for the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023 was as follows:
Deposit Service. In respect of the Deposit Service, the Company estimates that the maximum daily deposit balance of the deposits placed with the Group Finance Company by the Group for each of the three years ending 31 December 2026 will be as follows: Year ending 31 December 2024 4,500 Year ending 31 December 2025 4,500 Year ending 31 December 2026 4,500 The Directors determined the above caps based on the following major factors: • as part of the Group’s fund management strategy to benefit from the enlarged scale economy by centralizing its funds with higher liquidity in certain selected financial institutions with better interest rates, the Group plans to deposit part of its cash balance in the Group Finance Company, and the Group Finance Company has undertaken to the Group that its deposit interest rates shall not be lower than the interest rates obtained from commercial banks by the Group member using the Deposit Service for deposits with the same term and of the same stage and category. Taking into account the consistent quality services that the Group Finance Company provided to the Group in the past 10 years, the Company has adequate confidence in the Group Finance Company’s capability and decided to deepen the cooperation with the Group Finance Company for the benefit of the Company and its shareholders as a whole. • according to the Group’s current wind power and natural gas business expansion plan, the Group plans to continue to increase its wind power capacity and the sales volume of natural gas between 2024 and 2026. Such increases will generate positive cash flow for the Group, thereby increasing the monetary fund balance. • the increase in the Group’s infrastructure projects will lead to an additional demand for infrastructure project loans, which will cause the Group to increase its scale in debt financing as well as its cash balance. • as at 30 June 2023, the Group had monetary funds of approximately RMB3,272.0 million and trade receivables of approximately RMB6,221.9 million. If large payments of trade receivables are received within a short period of time, the cash in hand may increase significantly, and may lead to an increase in deposits. • the accrued interests arising from the opening deposit balance (being the cash balance of the Company at the beginning of a financial year on a consolidated basis) between 2024 and 2026.
Deposit Service. Prior to the entering into the 2022 Financial Services Agreement, the Group has placed money with COFCO Finance as deposits. The Board has considered and proposed the Proposed Deposit Cap in the amount equivalent of RMB900 million on a daily basis after considering the maximum daily outstanding balance of deposits (including accrued interest) placed by the Group with COFCO Finance, the deposit cap under the 2019 Financial Services Agreement of RMB900,000,000, which is equivalent to the Proposed Deposit Cap; and the historical deposit amounts during the term under the 2019 Financial Services Agreement as shown above which were near to the Proposed Deposit Cap. In order to ensure that the Proposed Deposit Cap will not be exceeded, the Group will adopt the following measures to monitor the daily balance of the deposits made by the Group:
(a) the finance department of the Company will monitor the daily balance of the deposit made by the Group with all financial institutions, including those with COFCO Finance, and will report on the Group’s overall cash flow position to the relevant senior management of the Company for review and consideration of the overall funding position of the Group;
(b) the Group will have the discretion to request for the withdrawal of all or part of the deposit placed with COFCO Finance to ensure the liquidity and safety of the deposited fund; and
(c) COFCO Finance will provide an online platform to allow the finance department of the Company to monitor the balance of the Group’s deposit on a daily basis, so as to ensure the deposit amount will not exceed the Proposed Deposit Cap.
Deposit Service. 1. Party A shall, in accordance with the Agreement, deposit part of its temporarily idle working capital and proceeds of business into its account opened with Party B based on the principle of free access.
2. The interest rate of the deposit shall comply with the related regulations of the People’s Bank of China on such type of deposit, and Party B shall pay the corresponding interest to Party A regularly at a rate not lower than that of the same class of deposit of major commercial banks in China.
3. Party B shall provide Party A with the transfer and settlement services in its normal business activities as per Party A’s needs and the relevant regulations of the State.
4. Party B shall provide online financial services to Party A in order to speed up Party A’s fund settlement and improve settlement efficiency.
