Commercial Deposits definition
Commercial Deposits means the deposits identified in the Memorandum associated with the Commercial Banking Group"), as updated from time to time through Closing as permitted by this Agreement.
Examples of Commercial Deposits in a sentence
Notwithstanding the foregoing or anything in this Agreement to the contrary, but subject to Section 7.3 of this Agreement, with respect to the Commercial Deposits and the deposit accounts of business customers in the Branches, the Purchaser is acquiring an interest in the cash management services and merchant card relationships that are related to the foregoing deposit accounts and included in the monthly analysis of those accounts.
The following information, together with the disclosure on interest rates and annual rates of return provided to the Depositor upon the opening of this type of account, sets forth the specific terms and conditions of the Bank’s Certificates of Commercial Deposits.