Irrevocable Deposit definition

Irrevocable Deposit means, with respect to the Term Preferred Shares, the irrevocable deposit with the Redemption and Paying Agent of Deposit Securities or, with respect to other Preferred Shares, the irrevocable deposit with the paying agent for such other Preferred Shares of funds or securities (in accordance with the terms of such other Preferred Shares).
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Irrevocable Deposit means the irrevocable deposit in trust of cash in an amount (or Government Obligations the principal of and interest on which will be in an amount), and under terms sufficient to pay all or a portion of the principal of and/or premium, if any, and interest on, as the same shall become due, of any indebtedness of the Corporation which would otherwise be considered Outstanding. The trustee of such deposit may be any trustee or escrow agent authorized to act in such capacity.
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Irrevocable Deposit means the irrevocable deposit in trust with any trustee or escrow agent authorized to act in such capacity of cash in an amount or Government Obligations the principal of and interest on which will be an amount, and under the terms sufficient to pay all or a portion of the principal of and/or premium, if any, and interest on, as the same shall become due, any Indebtedness which would otherwise be considered Outstanding. The trustee of such deposit may be the Master Trustee or any other trustee authorized to act in such capacity.
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Examples of Irrevocable Deposit in a sentence

  • This donation shall be irrevocable, and shall be accomplished by the employee filing a "Sick Leave Bank Irrevocable Deposit Form".

  • The Company shall comply with all applicable terms of the Company Redeemable Preferred Stock in connection with such redemption, and funds necessary for redemption (including an amount in cash in respect of all dividends that will accumulate to the redemption date) shall be irrevocably deposited by the Company in trust for the equal and ratable benefit for the holders of the shares to be redeemed (the "Irrevocable Deposit").

  • In making the Irrevocable Deposit, the Company shall use only the funds placed in the separate account described in the last sentence of Section 7.20(b).

  • Section 7.13(a) Irrevocable Deposit.......................................................................

  • Dress shoes – no sneakers. Ladies should wear modest clothing and comfortable shoes, but no sneakers. Less formal attire is acceptable for serving at weekday or Saturday morning Mass.

  • This donation shall be irrevocable, and shall be accomplished by the unit member filing a “Certificated Sick Leave Catastrophic Bank Irrevocable Deposit Form.” The form shall clearly state that the sick leave days being donated are irrevocably given to the CSLB, and cannot be rescinded for any reason.

  • Section 7.13(a) Irrevocable Deposit.........................................


More Definitions of Irrevocable Deposit

Irrevocable Deposit means the irrevocable deposit of Defeasance Obligations in trust with a bank with trust powers, all or a portion of the principal or interest of which is pledged to the payment of principal of or interest on Outstanding Debt.
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Irrevocable Deposit has the meaning set forth in the Master Indenture.
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Irrevocable Deposit means the irrevocable deposit in trust of cash or Federal Securities in an amount, and under terms sufficient to pay, all or a specified portion of the principal of, premium, if any, and/or interest on, any Bonds, any Parity Pledged Revenue Obligations, and/or any Parity Net Revenue Obligations as the same shall become due, which would otherwise be considered Outstanding. The trustee of such deposit shall have possession of any cash and securities (other than book-entry securities) and may be the Paying Agent or any other trustee authorized to act in such capacity.
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Irrevocable Deposit means the irrevocable deposit in trust with a Trust Bank of cash in an amount (or United States Government Obligations the principal of and interest on which will be in an amount) and under terms sufficient to pay all or a specified portion, as the same shall become due, of the principal of, premium, if any, and interest on any Bonds which would otherwise be considered Outstanding.
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Irrevocable Deposit means the irrevocable deposit in trust with the Trustee or another corporate fiduciary qualified to conduct trust business in the State, of money and/or Authorized Investments which are not subject to redemption at the option of the issuer thereof prior to their stated maturity, in an amount which shall be sufficient taking into consideration the scheduled payments of principal of and interest on the Authorized Investments initially deposited in trust for such purpose and without considering any reinvestment of the proceeds thereof, to provide for the payment of all or any portion of the principal of
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Irrevocable Deposit means the irrevocable deposit in trust, with any trustee or escrow agent authorized to act in such capacity, of cash in an amount (or Government Obligations the principal of and interest on which will be in an amount), and under terms sufficient to pay allor a portion of the principal of and/or premium, if any, and interest on, as the same shall become due, of any indebtedness of a Borrower which would otherwise be considered Outstanding.
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Related to Irrevocable Deposit

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Demand deposit means a deposit received by the bank, which is withdrawable on demand;

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • 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.