Examples of Master Deposit Account in a sentence
Proceeds of Collateral received by such Grantor shall, prior to deposit in the Master Deposit Account or such other account or accounts specified by the Collateral Agent, be held separate and apart from, and not commingled with, all other property and in express trust for the benefit of the Collateral Agent until delivery thereof is made to the Master Deposit Account or such other account or accounts.
The Bank will look at the end of day Ledger Balance in the Deposit Accounts to determine whether either a sweep will occur, for example, from the Master Deposit Account to a Deposit Sub-Account, or the Loan Payment Source Account to the Loan Account under this Service Description.
Contractor shall be responsible for providing County with the relevant documentation and the Master Deposit Account Number, to validate the Escrow Agreement, within thirty (30) calendar days from the execution date of this Contract.
The Bank will look at the end of day Account Balance in the Deposit Accounts to determine whether either a sweep will occur, for example, from the Master Deposit Account to a Deposit Sub-Account, or the Loan Payment Source Account to the Loan Account under this Service Description.
This calculation will be separate from the earnings credit calculation for the County’s Master Deposit Account.
The Effective Date supplied by Iron Mountain and specified above shall be the date Iron Mountain sets up the Master Deposit Account.
Proceeds of Collateral received by such Grantor shall, prior to deposit in such Master Deposit Account or such other account or accounts specified by the Administrative Agent, be held separate and apart from, and not commingled with, all other property and in express trust for the benefit of the Administrative Agent until delivery thereof is made to such Master Deposit Account or such other account or accounts.
The parties agree that in order to move forward through the pay plan, employees are required to show progress by completing required training, displaying adequate performance over time and at the time of annual evaluation, and complete requirement for time in grade.
The Clearing Accounts, the Deposit Accounts, any Subaccount and the Master Deposit Account will be under the sole control and dominion of Lender, and Borrower shall have no right of withdrawal therefrom.
Company authorizes the Bank to automatically advance funds from the Loan Account to maintain the Target Balance in the Master Deposit Account.