Existing deposits definition

Existing deposits means moneys held by a company at the date of the commencement of this Act upon a contract or agreement, express or implied, that the same shall be repaid either at a fixed date, or by instalments, or at call,and bearing interest until repayment at an agreed rate ; 5 but does not include moneys secured by a series of debentures or by mortgage.
Sample 1
Existing deposits means any security deposits or other security or deposits posted or placed by the Existing Tenants under the Existing Leases, other than any prepaid rents that are adjusted on Closing.
Sample 1
Existing deposits means each deposit made available to the Borrower through the Bank’s Financial Markets Division (formerly Treasury Division) for general funding purposes, which is outstanding at the Commencement Date, the details of which (i.e. deposit date, the amount and currency, interest rate and maturity date of each Deposit) will be set out in a statement (the “Existing Deposit Statement”) from the Bank to the Borrower on the Completion Date.
Sample 1

Examples of Existing deposits in a sentence

  • Tenant shall receive a credit for all Existing Deposits and tenant improvement escrows which are not transferred by Original Landlord to Tenant, and for all unfunded tenant improvement obligations owed by Original Landlord under the Existing Leases, and Tenant thereafter shall be obligated to refund or apply such Existing Deposits and undertake such tenant improvements, in accordance with the terms of such Existing Leases.

  • Tenant shall not receive a credit for any Existing Deposits held by Original Landlord which are either transferred to Tenant or otherwise not assignable, in which case Original Landlord shall either (A) obtain replacement security for Tenant in respect thereto, upon which Original Landlord will thereafter be entitled to return such Existing Deposits to Existing Tenants, or (B) hold such Existing Deposit in trust for Tenant.

Related to Existing deposits

  • 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.

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

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

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

  • 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;

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • 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.

  • Assumed Deposits means Deposits.

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

  • Initial Reserve Account Deposit means $3,000,000.

  • 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).

  • 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.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

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

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “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.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • 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).

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

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • 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.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.