Deposit Balances definition

Deposit Balances means the combined total of all Household Share Account balances posted as of the last business day of the month.
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Deposit Balances means funds of or maintained by Borrower and its Subsidiaries in accounts at a Lender or a Designated Bank.
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Examples of Deposit Balances in a sentence

  • I hereby execute this Assignment of Deposit Balances as of the date appearing below.

  • Deposit balances transferred by former Branch Customers from a transferred account at one Bank Party to an account at another Bank Party or to another account at a Bank Party shall be included in all calculations of March Deposit Balances.

  • Nothing contained herein shall be deemed to require the undersigned to maintain Demand Deposit Balances at the Bank.

  • As of the Effective Date, Seller hereby irrevocably assigns, sets over, transfers and conveys to Buyer all of Seller’s right, title and interest in and to (a) the Leases and (b) the Tenant Security Deposit Balance, which Leases and Tenant Security Deposit Balances are described on the rent roll attached hereto as Exhibit B.

  • On the date which is ten (10) Business Days after the Measurement Date, Buyer shall pay Seller, or Seller shall rebate to Buyer, as appropriate, an amount such that the aggregate amount paid by Buyer to Seller pursuant to this Section 2.10 is equal to the product of (i) twelve percent (12%), multiplied by (ii) the Aggregate Future Deposit Balances.

  • If any Company shall fail or omit to perform and observe Section 5.7 (Financial Covenants), 5.8 (Borrowing), 5.9 (Liens), 5.11 (Investments, Loans and Guaranties), 5.12 (Merger and Sale of Assets), 5.13 (Acquisitions), 5.15 (Restricted Payments), 5.20 (Lease Rentals), 5.25 (Other Covenants and Provisions), 5.26 (Guaranty Under Material Indebtedness Agreement) or 5.29 (Deposit Balances) hereof.

  • To the extent such Deposit Balances Arrangement is not maintained, Borrower shall pay to Bank a fee equal to the product of the balance deficiency multiplied by a rate per annum of 0.35%, which fee shall be calculated on a quarterly basis by Bank and shall be due and payable by Borrower in arrears within ten (10) days after each billing is sent by Bank.

  • Interest on the designated dollar amount of the unpaid principal balance of the Note not supported by required Adjusted Collected Deposit Balances shall accrue during such month at a per annum rate equal to the rate provided in Section 2.08(a).

  • The account criteria evaluated are: ▪ Age of Account ▪ Deposit Balances ▪ Deposit Regularity ▪ Previous Overdraft Activity ▪ Account Status relating to any legal or administrative order or levy ▪ Status of Loan Obligations with the institution We also offer Courtesy Plus Overdraft Protection, for which you must affirmatively consent, which extends this protective feature to your everyday debit and ATM transactions.

  • The Bank and the Borrower agree that as an alternative to the interest rates described in Section 2.08(a), interest on that portion of the unpaid principal balance of the Note equal to the average monthly Adjusted Collected Deposit Balances will accrue during such month at a rate equal to one percent (1.00%) per annum (calculated on the basis of actual days elapsed and a year of 360 days).