Advance Deposit definition

Advance Deposit means the portion of the projected expenditures set forth in the Annual Budget adopted by a Majority vote of the Voting Directors that shall be paid by each Establishing Member and Associate Member. The amount of the Advance Deposit, if any, shall be set by a Majority vote of the Voting Directors at the time they adopt the Annual Budget.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Advance Deposit means a deposit made by a Subscriber for the Plan which is placed in the Advanced Deposit Account under the following circumstances: i) when a Subscriber makes contributions to an ESP that is pending registration; ii) when a Subscriber makes contributions that exceed the CRA lifetime RESP contribution limits; and iii) when a Subscriber directs contributions to be held in the Advance Deposit Account and released as Deposits to the Trust at prescribed intervals.

Advance Deposit means the amount set forth in Section 2.06.

Examples of Advance Deposit in a sentence

• The Cash Advance Deposit will accrue interest at the rate and in accordance with the manner of determination of interest then applicable for amounts deposited to the Collections Account during the Cash Advance Deposit Period.

• If, at any time during a Cash Advance Deposit Period, the Liquidity Facility Provider obtains the Designated Credit Rating, the Manager will direct the Trustee to repay (and upon the receipt of such direction the Trustee will repay) from the Collections Account of the Series Trust the then Cash Advance Deposit (which has not previously been utilised in accordance with this Agreement) together with all accrued, but unpaid, interest on that amount determined in accordance with clause 7.7.

• If the Termination Date occurs during a Cash Advance Deposit Period the Manager will direct the Trustee to repay (and within 2 Business Days of receipt of such direction the Trustee will repay) from the Collections Account of the Series Trust the then Cash Advance Deposit (which has not previously been utilised in accordance with this Agreement) together with all accrued, but unpaid, interest on that amount determined in accordance with clause 7.7 and any other amounts then due under this Agreement.

• If immediately prior to any Distribution Date during a Cash Advance Deposit Period the then un-utilised portion of the Cash Advance Deposit plus the amount of all outstanding Drawings exceeds the then Facility Limit, the Manager will direct the Trustee to repay (and upon receipt of such direction the Trustee will repay) from the Cash Advance Deposit on the Distribution Date to the Liquidity Facility Provider the amount of the excess.

• Any good faith deposit made at the time Tenant executed and delivered to Landlord any letter of intent or proposal to lease shall be applied toward the amount of the Advance Deposit.

More Definitions of Advance Deposit

Advance Deposit means such deposits as are received under subsection 14 (1);

Advance Deposit means as provided for in the PURC ACT and Regulation "approved electricity tariff" means tariff approved and gazetted by PURC, "Commission" means the Energy Commission established under section 1 of the Act; "Customer" means a person that contracts to purchase electricity from a Supplier,

Advance Deposit. $30,550.00

Advance Deposit means 50% of the Fee;

Advance Deposit has the meaning set forth in Section 3.01.

Advance Deposit means an amount that has been lodged with the supplier by a customer as security against default in the payment of electricity bill for the first three months of supply;

Advance Deposit means a deposit made by a Subscriber for the Global Educational Trust Plan which is placed in the Advanced Deposit Account under the following circumstances: