Net Deposit definition

Net Deposit. The Net Deposit is $149,556,000.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $150,000,015.00. Bank and Account: Bank: Wxxxx Fargo Bank, N.A. ABA No.: XXXXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 21 Secured Medium-Term Notes Due June 16, 2016 PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Rxxxx X. Xxx Name: Rxxxx X. Xxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 21 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006 By: /s/ Dxxxx X. Xxxx Name: Dxxxx X. Xxxx Title: Vice President

Net Deposit means a Deposit after deducting any Rider Premiums, and after deducting the sales and administration expense charge applicable to such Deposit and any applicable premium taxes (see Application of Deposits under Accumulation of Funds).

Net Deposit means the Net Deposit amount set out on Page 1.

Examples of Net Deposit in a sentence

• Month 3: Starting Equity: $1000 Net Deposit during Month 3: $5,000 Ending Equity: $6500 Adjusted Starting Equity: $1,000 + $5,000 = $6,000 Period P/L = $6,500 - $6,000 = $500 Accumulated P/L = -$700 + 500 = - $200 Even through there is profit for month 3, Money Manager still not receiving any performance fee from Month 3 due to Accumulated P/L is still negative.

• All taxes collected or levied, however designated, which may be imposed by the local or national government, due or incurred as an incident to or as a consequence in the execution and performance of this Agreement and payment of Net Deposit of MERCHANT hereunder shall be solely for the account of the MERCHANT.

• The Designated Account and the funds therein, the Net Deposit of the MERCHANT, check payments or any account, money, securities and things of value which are now or may hereafter be in the hands of BDO or any of its subsidiaries, affiliates or parent company shall be put on hold until MERCHANT is cleared with its obligations with BDO.

• In order to facilitate the transfer of payments, debits between the Parties hereto, including but not limited to the settlement by BDO of the Net Deposits of MERCHANT, MERCHANT can either request BDO to (i) deposit the full amount of the Net Deposit of MERCHANT to the current or savings account (“CA/SA”) of the MERCHANT with BDO, or (ii) issue check payment representing the Net Deposit of MERCHANT, as indicated by MERCHANT in Section 26.

• The Designated Account and the funds therein, the Net Deposit of the MERCHANT, check payments or any account, money, securities and things of value which are now or may hereafter be in the hands of BDO or any of its subsidiaries, a liates or parent company shall be put on hold until MERCHANT is cleared with its obligations with BDO.

More Definitions of Net Deposit

Net Deposit means the Deposit less any Escrow Closing Payments.

Net Deposit. The Net Deposit is $100,000,000.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $100,000,015.00. Bank and Account: Bank: Wxxxx Fargo Bank, N.A. ABA No.: XXXXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 29 Secured Medium-Term Notes Due March 22, 2010 PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Rxxxx Xxx Name: Rxxxx Xxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 29 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006 By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Net Deposit is total deposit amount minus total withdraws and chargebacks. “Chargeback” is total refunded deposits due to fraudulent or disputed transactions. “Company” is a legal entity, responsible for transaction and payment settlement with the Partner in accordance with this Agreement. “Main trading account” is a special personal account used for internal accounting which registers the mutual obligations of the Company and the Client under this Agreement and the Client Agreement.

Net Deposit means the total amount deposited after 3rd party fees and withdrawals have been deducted; Pepperstone, we, us, our means Pepperstone Operations Pty Ltd ACN 637 203 448; Pepperstone Group means Pepperstone and any entity that directly or indirectly controls, or is controlled by, or is under common control with Pepperstone. Control , for purposes of this definition, means direct or indirect ownership or control of more than 50% of the voting interests of Pepperstone. Privacy Policy means the policies located in the ‘Legal Documentation’ section of our Website;

Net Deposit means the difference between deposit(s) and withdrawal(s) made by a Qualified Client within the Redemption and Trade Period.

Net Deposit means the difference between total deposits and total withdrawals in the Qualified Trader’s Account.

Net Deposit. The Net Deposit is $300,000,000.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $300,000,015.00 Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: 100000000 For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 18 Secured Medium-Term Notes Due September 15, 2007. • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Rxxxx Xxx Name: Rxxxx Xxx Title: Managing Director PRINCIPAL LIFE INCOME FUNDINGS TRUST 18 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx X. Xxxx Name: Dxxxx X. Xxxx Title: Vice President