Purchased Deposits definition

Purchased Deposits means all deposits (including customer deposits and security deposits for rent (including such deposits made by a Seller, as lessee, or to a Seller, as lessor, in connection with the Assumed Real Property Lease(s)) and prepaid charges and expenses of, and advance payments made by a Seller, in each case, primarily for the operation of the Acquired Business and reflected in the Closing Statement.

Purchased Deposits means those deposits (including customer deposits and security deposits for rent, electricity and otherwise) and prepaid charges and expenses provided by TMM, including the right to receive any refund of any unutilized amounts thereof which are paid, but only in connection with the other Assets acquired by the Purchaser herein, but excluding any Bonds.

Examples of Purchased Deposits in a sentence

• All deposits of cash or cash equivalents, certificates of deposit and other cash items relating to the Business or its operations for payroll accounts, utilities or otherwise, including, without limitation, those described on Schedule 1.1 attached hereto (hereinafter called "Purchased Deposits").

• Premium on Purchased Deposits and Assets The portion of the premium on purchased deposits and assets applicable to core deposits ($710,000) is being amortized by the straight-line method over approximately fifteen years.

• The project will not cause physical displacement from traditional or customary lands, nor negatively impact the identity, culture, or customary livelihood system of EMCs. As such and according to the ADB SPS (2009) guidance the IPP/EMCs plan requirements are fully integrated into the Project design including thee REMDP/ REMDF as described in this framework.