Deposit or Deposits definition

Deposit or Deposits means a deposit or deposits as defined in Section 3(l)(1) of the Federal Deposit Insurance Act (“FDIA”) as amended, 12 U.S.C. Section 1813(l)(1), including without limitation the aggregate balances of all savings accounts with positive balances, accounts accessible by negotiable orders of withdrawal (“NOW” accounts), other demand instruments, Retirement Accounts, and all other accounts and deposits, together with Accrued Interest thereon, if any.
Sample 1Sample 2Sample 3
Deposit or Deposits means the sum (or sums) of money initially deposited with the Bank in the Account.
Sample 1

Examples of Deposit or Deposits in a sentence

  • The Xxxxxxx Money Deposit, or Deposits, if applicable, shall be credited toward the Purchase Price at Closing.

  • If Buyer defaults, Seller may elect one of the following remedies: (a) cancel the REPC and retain the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages; (b) maintain the Xxxxxxx Money Deposit, or Deposits, if applicable, in trust and xxx Buyer to specifically enforce the REPC; or (c) return the Xxxxxxx Money Deposit, or Deposits, if applicable, to Buyer and pursue any other remedies available at law.

  • If Buyer defaults, Seller may elect one of the following remedies: (a) cancel the REPC and retain the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages; (b) maintain the Xxxxxxx Money Deposit, or Deposits, if applicable, in trust and sue Buyer to specifically enforce the REPC; or (c) return the Xxxxxxx Money Deposit, or Deposits, if applicable, to Buyer and pursue any other remedies available at law.

  • Buyer and Seller agree that liquidated damages would be difficult and impractical to calculate, and the Xxxxxxx Money Deposit, or Deposits, if applicable, is a fair and reasonable estimate of Seller’s damages in the event Buyer fails to obtain the Loan.

  • The Deposit, together with all interest accrued thereon, shall be referred to herein below, collectively, as the "Deposit" or "Deposits".

  • Buyer and Seller agree that liquidated damages would be difficult and impractical to calculate, and the Xxxxxxx Money Deposit, or Deposits, if applicable, is a fair and reasonable estimate of Seller's damages in the event Buyer fails to obtain the Loan.

  • In the event of such cancellation, Seller agrees to accept as Seller’s exclusive remedy, the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages.

  • In the event of such cancellation, Xxxxxx agrees to accept as Xxxxxx’s exclusive remedy, the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages.

  • In the event of such cancellation, Seller agrees to accept as Seller's exclusive remedy, the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages.

  • Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages.

Related to Deposit or Deposits

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

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(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;

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • 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.

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

  • the Deposit means 10% of the Purchase Price;

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Collection Accounts As defined in Section 3.10(a).

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • 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.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • 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.

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

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

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