Depository Benefit definition

Depository Benefit means the compensation received by Lender, directly or indirectly, as a result of Borrower's maintenance of Eligible Balances with a Designated Bank.
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Depository Benefit means the compensation received by a Lender, directly or indirectly, as a result of the Company's maintenance of Eligible Balances with such Lender as its Designated Bank.
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Depository Benefit means the compensation received by Lender, directly or indirectly, as a result of Borrower's maintenance of Eligible Balances with a Designated Bank. "Designated Bank" means any bank designated by Lender as a Designated Bank, but only for as long as Lender has an agreement under which Lender receives Depository Benefits from that bank. "Designated Bank Charges" means any fees, interest or other charges that would otherwise be payable to a Designated Bank in connection with Eligible Balances maintained at the Designated Bank, including deposit insurance premiums, service charges and any other charges that may be imposed by governmental authorities from time to time. "Discontinued Loan" has the meaning set forth in the GMAC-RFC Client Guide.
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Examples of Depository Benefit in a sentence

  • In no event will the benefit received by Borrower exceed the Depository Benefit.

  • In no event shall the benefit received by the Company exceed the Depository Benefit.

  • In no event shall the benefit received by the Borrowers exceed the Depository Benefit.

  • In no event will the benefit received by Borrower under this Section exceed the Depository Benefit.

  • The NRC interprets processing to mean a process, separate from and independent of the design of the dosimeter, that is required to extract dose information from the dosimeter after exposure to radiation.

  • Borrower shall maintain at a Designated Bank, so long as the Warehousing Commitment is outstanding, Eligible Balances in an average amount during any Calendar Quarter not less than $10,000,000 with respect to which Lender receives a Depository Benefit.

  • In no event shall the benefit received by the Borrower exceed the Depository Benefit.


More Definitions of Depository Benefit

Depository Benefit means the compensation received by Lender, directly or indirectly, as a result of Borrower's maintenance of Eligible Balances with a Designated Bank. "Designated Bank" means any bank designated by Lender as a Designated Bank, but only for as long as Lender has an agreement under which Lender receives Depository Benefits from that
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Related to Depository Benefit

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • 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.

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

  • Clearing Participant has the meaning given to such term in the rules of CCASS.

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.

  • Book Entry Participants or “Participants” means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Common Depository has the meaning specified in Section 304(b).

  • Eligible Depository Any Reserve Bank or any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities, so long as at the time of determination of eligibility the commercial paper or other short-term debt obligations of such depository institution or trust company (or, in the case of a depository institution that is the principal subsidiary of a holding company, the commercial paper or other short-term debt obligations of such holding company) have the Highest Credit Rating Available from at least one Rating Agency.

  • Monthly Benefit means the monthly amount payable by Lincoln to you if you are Disabled or Partially Disabled.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Depositary Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary effects book-entry transfers and pledges of securities deposited with the Depositary.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Social Security Benefit means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Individual account program means the defined contribution individual account program of

  • Registered Account means a yen account maintained by the payee with a bank in Japan, details of which appear on the Register at the close of business on the sixth Transfer Business Day before the due date of payment.

  • Securities Depository Nominee means the Securities Depository or the nominee of such Securities Depository in whose name the Bonds shall be registered on the registration books of the Issuer while the Bonds are in a Book-Entry System.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Single Allocation Platform;