Customer Deposit Accounts definition

Customer Deposit Accounts means all such Customer Deposit Accounts.
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Customer Deposit Accounts means all deposit accounts opened or acquired by Bank for a Customer of an El Banco Branch Office.
Sample 1
Customer Deposit Accounts means all rights, duties, obligations and liabilities relating to the deposits of customers of the El Banco Branches (including accrued but unpaid or uncredited interest thereon and uncollected funds related thereto) and that constitute "deposits" for purposes of the Federal Deposit Insurance Act, 12 U.S.C. Section 1813.
Sample 1

Examples of Customer Deposit Accounts in a sentence

  • The use of multiple interest rates is referred to as “Interest Rate Tiers.” Company may establish Interest Rate Tiers that are based upon (i) the balance amount in Customer Deposit Accounts or (ii) the value of eligible assets in a Customer’s Account or (iii) other client segmentation strategies to the extent legally permissible.

  • Will (or will cause the Seller or the Originator to) instruct all CNB Customers to remit all their payments in respect of Pool Assets to the related CNB Customer Deposit Accounts.

  • Based upon information provided to Promontory Network by each Custodial Agent concerning the amount of the deposit or withdrawal to be made into Customer Deposit Accounts associated with an Account ID, Promontory Network will allocate Customer deposits and withdrawals associated with each Account ID among Participating Depository Institutions, including the Depository Institution.

  • Without limiting the foregoing, Company will prepare and file necessary tax information as required by Applicable Law, and, as necessary withhold applicable taxes with respect to the Customer Deposit Accounts of each Customer.

  • STB shall retain customer data to the extent such data relates to any Customer Deposit Accounts or Customer Loan Accounts retained or transferred to STB.

  • NTS agrees to (1) cooperate and supplement such data relating to Customer Deposit Accounts and Customer Loan Accounts as needed, (2) comply in all respects with all applicable bank and consumer privacy laws, including but not limited to the Gramm Xxxxx Xxxxxx Act, for a period of at least seven years following the Termination Date or such longer period as required by Applicable Law.

  • Each Business Day, Company will net the activity in each Account and provide Promontory Network with information by Account ID concerning the amount of the deposit, if any, to be made into the Customer Deposit Accounts or the amount of the withdrawal, if any, to be made from the Customer Deposit Accounts.

  • The CNB Customer Deposit Accounts are the only bank accounts into which Collections of Transferred Assets are directed to be deposited or remitted.

  • STB agrees to continue to process the Customer Deposit Accounts and service the Customer Loan Accounts until the earlier of Deconversion or the Termination Date.

  • Deposits in the Customer Deposit Accounts reflected in records maintained by a Custodial Agent pursuant to 12 CFR § 330.5 will be eligible for FDIC insurance up to the applicable FDIC deposit insurance limit, subject to applicable FDIC aggregation rules for other accounts held with the Depository Institution by the same Customer in the same insurable capacity.

Related to Customer Deposit Accounts

  • 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.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • 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.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • 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.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • 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.

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

  • Controlled Deposit Account means each Deposit Account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Security Deposit Account has the meaning given in Section 5.1.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • 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.

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

  • Lockboxes has the meaning set forth in Section 2.7.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.