Qualified Deposits definition

Qualified Deposits has the meaning set forth in Section 5.10(c).
View Source
Qualified Deposits refers to actual deposits to the accounts receivable collection account for claims against Trade Debtors that satisfy all the following requirements.
View Source
Qualified Deposits means deposits at an FDIC (or Canada Deposit Insurance Corporation) regulated financial institution that is either the Company or a Restricted Subsidiary.
View Source

Examples of Qualified Deposits in a sentence

  • For example: • If you received $850 of Qualified Deposits, your new Credit Line Amount on your CASH RESERVE would be $450 (50% of $850, rounded up to the nearest $50).

  • By entering into this Agreement, you expressly agree that your Credit Line Amount will be the lesser of (1) $750 maximum credit limit or (2) up to 50% of the sum of all Qualified Deposits in your Truist Associated Checking Account within one (1) of the prior two (2) statement cycles, rounded up to the nearest $50 increment.

  • Specifically, the Top Off Amount will be increased by 1.4 times the amount of the shortfall in the Qualified Deposits.

  • CREDIT LINE FLUCTUATION ON YOUR CASH RESERVE: As the CASH RESERVE Credit Line Amount is based on the sum of Qualified Deposits within one (1) of the prior two (2) statement cycles and your Truist Associated Checking Account history, it is possible that your CASH RESERVE Credit Line Amount could change from one (1) statement cycle to the next.


More Definitions of Qualified Deposits

Qualified Deposits has the meaning set forth in Section 5.10(c). "Radioactive Material" means any material that is radioactive or contaminated with radioactivity. "Radioactive Waste Material" means Radioactive Material which is no longer fit for its intended purpose or has been disposed of or Released into the Environment except as authorized by applicable Laws. Radioactive Waste Material shall include any substance that is both Hazardous Material and Radioactive Material but shall not include Spent Nuclear Fuel. "Real Property" has the meaning set forth in Section 2.1(a). "Receiving Party" has the meaning set forth in the definition of Proprietary Information. "Related Agreements" means the Deeds, Assignment and Assumption Agreements, Bills of Sale, Asset Demarcation Agreement, Interconnection Agreement, Releases of Mortgage Indenture, Interim Services Agreement, Lead Participant Rights Agreement, Acceptable Credit Support and, if applicable, the DTC Guarantee and the DOE Acceptable Credit Support. "Release" means any actual, threatened or alleged spilling, leaking, pumping, pouring, emitting, dispersing, emptying, discharging, injecting, escaping, leaching, dumping, or disposing of any Hazardous Substance into the Environment or within any building, structure, facility or fixture, that may cause an Environmental Liability (including the disposal or abandonment of barrels, containers, tanks or other receptacles containing or previously containing any Hazardous Substance). -112-
View Source