Future Deposits definition

Future Deposits had the meaning set forth in Section 2.2.
View Source
Future Deposits had the meaning set forth in Section 2.2. “Government Entity” means any federal, national, supranational, state, provincial, Commonwealth, local or foreign or similar government, governmental subdivision, regulatory or administrative body or other governmental or quasi-governmental agency, tribunal, commission, court, judicial or arbitral body or other entity with competent jurisdiction. “Improper Release” has the meaning set forth in Section 3.3. “Initial Deposit” has the meaning set forth in Section 2.1. “IP Purchase and Sale Agreement” means that certain IP Purchase and Sale Agreement, dated as of the date hereof, between EVERTEC and Popular. “Law” means any law, statute, ordinance, rule, regulation, code, Order, judgment, injunction or decree enacted, issued, promulgated, enforced or entered by a Government Entity or Self-Regulatory Organization (including, for the sake of clarity, any policy statement or interpretation that has the force of law with respect to any of the foregoing, and including common law). “Losses” has the meaning set forth in Section 8.1 “Master Services Agreement” means the Amended and Restated Master Services Agreement, dated as of the date hereof, among Popular, Banco Popular de Puerto Rico and EVERTEC, as it may be amended, restated or supplemented from time to time. “Material Breach” has the meaning set forth in the MSA. “MBESA” has the meaning set forth in the Recitals. “Merger Agreement” has the meaning set forth in the Recitals. “MSA” has the meaning set forth in the Recitals. “Order” means any order, injunction, judgment, decree, writ or other enforcement action of a Government Entity. “Party” and “Parties” have the meaning set forth in the Preamble.
View Source
Future Deposits had the meaning set forth in Section 2.2. “Government Entity” means the government or any agency thereof, of any nation, state, commonwealth (including the Commonwealth of Puerto Rico), city, municipality or political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to the government that have regulatory, supervisory, and/or examination authority with respect to BPPR and/or of EVERTEC, any quasi Government Entity or arbitral body, any SRO and any applicable stock exchange. “Group Agreement” means any agreement governing the acquisition, holding, voting or disposition of securities of a Person; provided that, so long as Apollo or a subsequent Permitted Controlling Holder is an Affiliate of such Person, such Person is a party to such agreement.
View Source

Examples of Future Deposits in a sentence

  • All Future Deposits will automatically be deemed part of the Deposit Materials; provided, however, that EVERTEC will not be required to deposit any Future Deposits that are not used (i) by Popular or any of its Affiliates in their respective businesses or (ii) by or on behalf of EVERTEC in providing services under the MSA to or on behalf of Popular (or any of its Affiliates that receive services under the MSA).

  • Without limiting the foregoing, in the event that Iron Mountain no longer offers the services it has agreed to provide under the MBESA, terminates the MBESA pursuant to Section 6(a)(v) thereunder the Parties will negotiate in good faith to select and enter into an agreement with a new third-party escrow agent, and EVERTEC will deposit all Deposit Materials and Future Deposits with such escrow agent in accordance with the terms of this Agreement.

Related to Future 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.

  • Deposits Has the meaning specified in the Deposit Agreement.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Imposition Deposits are defined in Section 7(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.