Fixed Term Deposit Accounts Sample Clauses

Fixed Term Deposit Accounts. 2.13.1. The period of a Fixed Term Deposit Account is established at the start of each deposit and will be agreed between you and us in writing in accordance with these Terms. The maturity date of the deposit must be a Business Day and if it falls on a day which is not a Business Day, the maturity date shall be deemed to be the next Business Day. 2.13.2. A confirmation will be sent or made available to you at the beginning of each Fixed Term Deposit Account period detailing the amount of the deposit, the interest period, the interest rate or basis for calculation and the renewal instructions. 2.13.3. The interest rate on a Fixed Term Deposit Account will be detailed in the confirmation. 2.13.4. In providing and operating Fixed Term Deposit Accounts we need to impose the following instruction deadlines: a) in respect of sterling and US dollar deposits, 10.00am on the maturity date of the deposit; and b) currency deposits other than sterling and US dollar deposits, 10.00am two Business Days prior to the maturity date. 2.13.5. We will endeavour to contact you shortly before the maturity of a Fixed Term Deposit Account to remind you of the forthcoming maturity date and your existing instructions, if any, and to obtain your instructions. If you wish to amend the instructions for the renewal of a maturing Fixed Term Deposit Account we must be in possession of your amended instructions by not later than the instruction deadline (see term 2.13.4). 2.13.6. Unless you instruct us to the contrary by the required instruction deadline at the maturity of a Fixed Term Deposit Account, we will return the funds plus interest (converting the sums to sterling where necessary) to your Current Account.
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Fixed Term Deposit Accounts. 11.1 This clause 11 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 is inconsistent with any other clause of this Agreement, in respect of Fixed Term Deposit Accounts, this clause 11 shall prevail. 11.2 We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account. 11.3 The interest rate you receive is a Managed Rate and is fixed for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened. 11.4 We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose. 11.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening. 11.6 No early withdrawals of capital are allowed during the term of the Fixed Term Deposit Account either in whole or in part. 11.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
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Fixed Term Deposit Accounts. To open a Fixed Term Deposit Account with us in GBP, USD and EURO, you must have cleared funds as a Fixed Deposit. If you intend to open such an account against a cheque then you must wait until the cheque is cleared in your current account with us. Once your Fixed Deposit account is opened you shall receive the interest rate applicable. The interest rate we offer for our Fixed Term Deposit Accounts are at the managed rate of our Bank and it shall be fixed for the term of your Fixed Deposit. Deposit Account interest rates are determined on daily basis. We will tell you the applicable interest rate when your Fixed Deposit Account is opened. You will receive your total interest when we repay your deposit at maturity. Once your deposit is fixed for a term you cannot make additions to your initial deposit amount but you can open more than once Fixed Deposit Account with different maturities. Each fixed Deposit will receive our bank’s managed interest rate at the time of opening. You are not allowed to make early withdrawals of capital (either whole or partial) from your Fixed Term Deposit Account. Before the maturity of your fixed term deposit account it is your responsibility to contact us two bank working days in advance otherwise your subject account will be renewed for the same term at the prevailing interest rate when it matures.
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Fixed Term Deposit Accounts. If you, or any of the joint Account holder(s) becomes bankrupt we may freeze the joint Account until we receive instructions from the other joint Account holder(s) and from the trustee in bankruptcy of the bankrupt joint Account holder.
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Fixed Term Deposit Accounts. For security reasons, we may not allow another person access to all of the Services we provide to you. If we do allow them to use a Service, you can tell them your security details as long as they agree to keep them safe.
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Fixed Term Deposit Accounts. 1This clause 10 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 10 is inconsistent with any other clause of this Agreement then, in respect of Fixed Term Deposit Accounts, this clause 10 shall prevail.
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Fixed Term Deposit Accounts. This is an interest bearing Account intended for saving.
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Related to Fixed Term Deposit Accounts

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts For each Deposit Account that any Grantor at any time opens or maintains, other than Deposit Accounts (A) that are payroll accounts, withholdings tax accounts, xxxxx cash accounts or flexible spending benefit accounts or trust, escrow or other fiduciary accounts or (B) which do not hold for any period of five consecutive days, an aggregate amount in excess of $1,000,000, such Grantor shall, upon the Collateral Agent’s request, either (i) cause the depositary bank to agree to comply at any time with instructions from the Collateral Agent to such depositary bank directing the disposition of funds from time to time credited to such Deposit Account, without further consent of such Grantor or any other person, pursuant to an agreement in form and substance satisfactory to the Collateral Agent, or (ii) arrange for the Collateral Agent to become the customer of the depositary bank with respect to the Deposit Account, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw funds from such Deposit Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such instructions or withhold any withdrawal rights from any Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect to any withdrawal, would occur; provided, however, upon the waiver by the applicable Required Lenders of such Event of Default, so long as no other Event of Default shall then exist or be continuing, the Collateral Agent shall revoke any such instruction. The provisions of this paragraph shall not apply to any Deposit Account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash collateral agreement specially negotiated among such Grantor, the depositary bank and the Collateral Agent for the specific purpose set forth therein.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Establishment of Deposit Account The Deposit Account shall be established and maintained pursuant to Section 5.01 of the Sale and Servicing Agreement. The Deposit Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of Noteholders and the Certificateholders, as applicable in accordance with the Sale and Servicing Agreement.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

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