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.
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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.
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Examples of Purchased Deposits in a sentence

  • Such exhibit(s) shall also (i) set forth the Cure Costs (if any) necessary to cure any defaults under each Buyer Assumed Agreement and (ii) delineate a procedure for transferring to Buyer the rights to any Purchased Deposits in the form of cash or letters of credit on deposit with the other party to any Assumed Real Property Lease.

  • 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").

Related to Purchased Deposits

  • Assumed Deposits means Deposits.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Purchaser’s Account The account of the Purchaser at a bank or other entity most recently designated in a written notice by the Purchaser to the Sellers as the "Purchaser's Account."

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.