Linked Deposit Account definition

Linked Deposit Account means the low yielding deposit account, certificate of deposit, or other authorized deposit as set forth in the linked deposit agreement between the Director and the eligible financial institution into which linked deposit funds are deposited.
View Source
Linked Deposit Account means the deposit account linked to a consumer’s TDC from which the TDC withdraws funds to pay TDC Transactions.
View Source
Linked Deposit Account means a deposit account maintained by a Debtor with the Seller under which either:
View Source

Examples of Linked Deposit Account in a sentence

  • Each L/C Participant shall pay to the Administrative Agent in full on the Closing Date an amount equal to such L/C Participant’s Letter of Credit Commitment, and the Administrative Agent shall immediately transfer such funds to the Credit Linked Deposit Account.

  • Each Supplemental Revolving Credit Lender irrevocably authorizes the Administrative Agent to make available to such Issuing Bank upon demand such Supplemental Revolving Lender's Applicable Percentage of such Letter of Credit Disbursement by withdrawing such amount from such Supplemental Revolving Lender's Supplemental Revolving Credit Linked Deposit Account (whether or not the conditions to borrowing set forth in Section 4.02 are satisfied).

  • These alternatives may better serve your particular needs and could save you money: • Linked Deposit Account.

  • The Credit Linked Deposits paid to the Administrative Agent shall be held by the Administrative Agent in the Credit Linked Deposit Account, and no party other than the Issuing Lenders shall have a right of withdrawal from the Credit Linked Deposit Account, or any other right, power or interest in or with respect to the Credit Linked Deposits, except as expressly set forth in Sections 3.2(c), 3.4(a), 3.4(b), 4.4(g) and 4.13.

  • The application of amounts from the Credit Linked Deposit Account (except to the extent of a repayment by the Parent Borrower within 5 Business Days of the date of Reimbursement from the Credit Linked Deposit Account as expressly permitted above) pursuant to this paragraph, in satisfaction of each L/C Participant’s obligation to participate in such unreimbursed payment, shall be an assignment by the applicable Issuing Lender of its rights in respect of such unreimbursed payment to the L/C Participants.

  • These alternatives may better serve your business’s particular needs and could save money: • Linked Deposit Account.

  • GROSS UP FOR LINKED DEPOSIT ACCOUNTS 14.7 The Seller must pay the Servicer (as part of the Collections to be deposited by the Servicer into the Collection Account) any amount which would otherwise be received by the Servicer as a Collection to the extent that the obligation to pay such amounts is discharged or reduced by virtue of the terms of a Linked Deposit Account.

  • If you make a payment on the Enabled Card from outside the Deposit Account (including from a Linked Deposit Account), the payment will reduce Frozen Funds and increase Unfrozen Funds dollar for dollar.

  • Each of the Funded L/C Participants shall have complied with its obligations under Section 3.7 to deposit cash in an amount equivalent to such Funded L/C Participant’s Funded Letter of Credit Commitment in the Credit Linked Deposit Account.

  • We use Plaid to establish your Linked Deposit Account (see section 2.a) and to enable certain Services, including the Automatic Services (section 3.a.), the Safe Spending Services (section 3.b.), and the Convenience Transfer Services (section 5.).