Assigned Deposits definition

Assigned Deposits means: (i) all sums deposited or to be deposited in a deposit account numbered 000060504939756 in the name of the Assignor (the “Account”) held by the Assignee, (ii) any deposit account which may replace the Account, (iii) any certificates of deposit, money market accounts, or any other investments or investment property or financial asset, arising from or related to the Assigned Deposits, (iv) all cash, securities, certificated securities, security entitlements, income, interest, dividends, proceeds and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for, or in lieu of any or all of the Assigned Deposits, and the instruments evidencing such indebtedness, together with the interest coupons (if any) attached thereto, and all cash, securities, income, interest, dividends, proceeds and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, and (v) all replacements thereof, substitutions therefor, investment proceeds thereof, and all interest thereon, including without limitation, any interest or earnings credited or to be credited to the Assigned Deposits.
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Assigned Deposits has the meaning assigned to it in Section 3.2(a)(iii).
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Assigned Deposits has the meaning assigned to it in Section 3.2(a)(iii). “Assignment” has the meaning assigned to it in Section 9.2(a)(iv). “Assumed Liabilities” has the meaning assigned to it in Section 2.4.
Sample 1

Examples of Assigned Deposits in a sentence

  • The Company may withhold and deduct from any amounts payable under this Agreement such taxes and social security obligations as may be required to be withheld pursuant to any applicable law or regulation.

  • Bank's sole duty with respect to the custody, safekeeping and physical preservation of any certificate, passbook, or other documentation evidencing the Assigned Deposits in its possession shall be to deal with it in the same manner as it deals with similar property for its own account.

  • Bank shall have the exclusive authority to withdraw, or direct the withdrawal of, funds from the Assigned Deposits.

  • So long as this Agreement remains in effect, the Assigned Deposits will be titled as directed by Bank.

  • Notwithstanding the foregoing, Debtor's obligation to reimburse Bank for any payment made by Bank under any letter of credit shall be absolute and unconditional whether or not there are sufficient funds available in the Assigned Deposits to reimburse Bank for any such payment and whether or not Bank is able, for any reason, to be so reimbursed.

  • Debtor surrenders all authority or right to withdraw, collect, receive the benefits of, or otherwise assign or encumber the Assigned Deposits, and authorizes Bank (and each affiliate and branch office of Bank or such affiliate) to treat Bank as the sole and exclusive owner of the Assigned Deposits held subject to the terms hereof for the benefit of Debtor.

  • As the outstanding face amount of any such letters of credit is reduced as provided therein and provided no Default has occurred and is then continuing, upon written request of Debtor contained in a Certificate of Reduction, Bank shall permit amounts on deposit in the Assigned Deposits to be withdrawn by Debtor provided that after giving effect to such withdrawal the Minimum Deposit Value is maintained.

  • In addition, on a quarterly basis and so long as no Default has occurred and is then continuing, the Bank shall permit Debtor to withdraw interest earned on the Assigned Deposits provided that, after giving effect to such interest withdrawal, the Minimum Deposit Value is maintained.

  • Until all of the Obligations are repaid in full and subject to Section 7 hereof, Bank shall have the entire right and interest in and to the Assigned Deposits.

  • Upon termination of this Security Agreement, and to the extent the Assigned Deposits have not been applied in satisfaction of the Obligations or released to Debtor pursuant to Section 7 hereof, Bank shall reassign the Assigned Deposits to Debtor and return any passbooks, certificates, and other documents in Bank's possession at Debtor's request.


More Definitions of Assigned Deposits

Assigned Deposits has the meaning set forth in Section 4.21.
Sample 1

Related to Assigned Deposits

  • Assumed Deposits means Deposits.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Administrative Agent or to any Secured Party as security for any Secured Obligations, and all rights to receive interest on said deposits.

  • Controlled Deposit Account means a Deposit Account that is subject to a Deposit Account Control Agreement.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • authorised deposits means the substances and articles specified in paragraph 2(3) of Part 1 of this licence;

  • Security Deposits means any advance deposits or any other deposits collected with respect to the Property, whether in the form of cash, letter(s) of credit or other cash equivalents (including, without limitation, such deposits made in connection with any Lease).

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Controlled Deposit Amount means, for any Distribution Date with respect to the Controlled Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Distribution Date and any Deficit Controlled Accumulation Amount for the immediately preceding Distribution Date.

  • Purchaser’s Account The account of the Purchaser at a bank or other entity most recently designated in a written notice by the Purchaser to the Sellers as the "Purchaser's Account."

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Security Deposit Account has the meaning given in Section 2.3.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Imposition Deposits are defined in Section 7(a).

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Lockboxes has the meaning set forth in Section 2.7.