Deposit Account Balance definition

Deposit Account Balance means amounts standing to the credit of the Deposit Account from time to time;
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Deposit Account Balance means, in relation to each Interest Payment Date or (as the case may be) the Maturity Date or the Mandatory Redemption Date, an amount in EUR equal to all amounts standing to the credit of the Deposit Account (as defined below) as at the relevant Interest Payment Date, the Maturity Date or the Mandatory Redemption Date (as the case may be).
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Deposit Account Balance means, in relation to each Interest Payment Date or (as the case may be) the Maturity Date or the Mandatory Redemption Date, an amount in USD equal to all amounts standing to the credit of the Deposit Account (as defined below) as at the relevant Interest Payment Date, the Maturity Date or the Mandatory Redemption Date (as the case may be). Interest Commencement Date: The Interest Commencement Date is 6September 2006. Interest Accrual Dates: The Interest Accrual Dates in respect of theNotes shall be the payment dates in respect of the Collateral (which are expected to be 15 January, 15 April, 15 July and 15 October in each year commencing on 15 October 2006 and which, for the avoidance of doubt, are subject to adjustment in accordance with the Business Day Convention). The final Interest Accrual Date in respect of the Notes is expected to be the Collateral Maturity Date.Interest Periods: The first Interest Period is from (and including) the Interest Commencement Date to (but excluding) the first Interest Accrual Date and, thereafter, each successive Interest Period shall begin on (and include) an Interest Accrual Date and end on (but exclude) the next succeeding Interest Accrual Date. Interest Payment Dates: The interest accruing in respect of each InterestPeriod shall be paid on the second Relevant Business Day following each Interest Accrual Date on which such Interest Period ends (which are expected to be 18 January, 18 April, 18 July and 18 October in each year commencing on 18 October 2006), provided that in respect of the Interest Period ending on (but excluding) the Collateral Maturity Date, any Interest Amount payable shall be paid on the Maturity Date. The Interest Payment Dates shall be subject to adjustment in accordance with the Business Day Convention. Calculation Agent: Deutsche Bank AG, London Branch. Any determination by the Calculation Agent (including, but not limited to, issues of construction and legal interpretation) shall be made in its sole and absolute discretion and shall be conclusive and binding on the Issuer, the Trustee, the Noteholders, the Agent, the Registrar, the Transfer Agent and all other persons and no liability shall attach to the Calculation Agent in respect thereof. All communications by Deutsche Bank AG, London Branch in its capacity as Calculation Agent will be made by Deutsche Bank AG, London Branch Swaps Desk to Deutsche Bank AG, London Branch – Trust & Securities Services. All communications to Deutsche Bank AG,...
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Examples of Deposit Account Balance in a sentence

  • Customer agrees and acknowledges that: (i) The sweeps pursuant to this Agreement are not done on a real time basis; (ii) Banc may look at the applicable end of day Deposit Account Balance in the Deposit Accounts to determine whether a sweep will occur; and (iii) Although the sweeps will be completed with Banc’s normal processing procedures, the processing may occur after Banc is closed.

  • To the extent there is a Deposit Account Balance in excess of the Target Balance in the Loan Payment Source Account, authorizes Banc to automatically transfer funds from the Loan Payment Source Account to pay the Loan Account in the amount and schedule identified in the Schedule A.

  • Authorizes the Banc each business day to automatically transfer the Deposit Account Balance as needed to maintain the “maximum balance” and “minimum balance” Target Balances reflected for the designated Deposit Accounts, as identified in Schedule A.

  • Unless otherwise agreed to by Banc, if at any time there is a Deposit Account Balance in the Primary Deposit Account to transfer to some, but not all Deposit Sub-Accounts, as needed to maintain the Deposit Sub-Account Target Balances, funds will be transferred to the Deposit Sub-Accounts in the descending order (for example, from A to C, as applicable).

  • To the extent the Deposit Account Balance in any Deposit Sub-Account would fall below the Target Balance on any business day, Customer hereby authorizes Banc to automatically transfer funds from the Primary Deposit Account to the Deposit Sub-Accounts, as needed, to maintain the Target Balance in each Deposit Sub-Account.

Related to Deposit Account Balance

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • 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.

  • Investment Account As defined in Section 3.12(a).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • 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.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Separate Accounts means the accounts which are to be prepared for each

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.