Seller Deposits definition

Seller Deposits means, with respect to any Debtor, the actual aggregate amount held by such Debtor in the form of money market accounts (Tagesgeldkonten), savings certificates (Sparbriefe), savings accounts (Sparkonten), current accounts (Girokonten) and/or credit cards (Kreditkarten) with the Seller at the relevant time.
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Seller Deposits means, with respect to any Debtor, the actual aggregate amount in excess of EUR 100,000 held by such Debtor in the form of money market accounts (Tagesgeldkonten), savings certificates (Sparbriefe), savings accounts (Sparkonten), current accounts (Girokonten) and/or credit cards (Kreditkarten) with the Seller at the relevant time. Issuer's Sources of Income The following amounts will be used by the Issuer to pay interest on andprincipal of the Notes and to pay any amounts due to the other creditors of the Issuer: (i) all payments of principal and interest and certain other payments and any Deemed Collections received under or with respect to the Purchased Receivables pursuant to the Receivables Purchase Agreement and/or the Servicing Agreement, (ii) all amounts received under the Interest Rate Swap, (iii) all amounts of interest earned on the euro denominated interest bearing transaction account of the Issuer (the "Transaction Account"), (iv) all amounts standing to the credit of the Transaction Account which represent the credit standing to the Reserve Fund, (v) all amounts standing to the credit of the Commingling Reserve Account (except interest earned on such amounts), (vi) all amounts standing to the credit of the Set-Off Reserve Account (except interest earned on such amounts), (vii) all amounts standing to the credit of the Purchase Shortfall Account, (viii) all amounts standing to the credit of the Set-Off Reserve Account (except interest earned on such amounts); (ix) all amounts paid by any third Available Distribution Amountparty as purchase price for Defaulted Receivables and (x) all other amounts which constitute the Available Distribution Amount and which have not been mentioned in (i) to (ix) above.
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Seller Deposits means, with respect to any Debtor, the actual aggregate amount in excess of EUR 100,000 held by such Debtor in the form of money market accounts (Tagesgeldkonten), savings certificates (Sparbriefe), savings accounts (Sparkonten), current accounts (Girokonten) and/or credit cards (Kreditkarten) with the Seller at the relevant time. The amounts, if any, standing to the credit of the Set-Off Reserve Account shall be included in the Available Distribution Amount and shall be applied on any Payment Date in accordance with the Pre- Enforcement Priority of Payments (but excluding any fees and other amounts due to the Servicer under item fifth of the Pre-Enforcement Priority of Payments) if and to the extent (i) any amounts that would otherwise have to be transferred to the Issuer as Deemed Collections within the meaning of item (B)(i) of the definition of Deemed Collections for the Collection Period ending on the relevant Cut-Off Date were not received by the Seller as a result of any of the actions described in item (B)(i) of the definition of Deemed Collections, and (ii) the Issuer does not have a right of set-off against the Seller with respect to such amounts on the relevant Payment Date. On any Payment Date following the occurrence of a Set-Off Reserve Trigger Event, the Purchaser shall pay to the Seller, in accordance with the Pre- Enforcement Priority of Payments (i) any fees owed by the Purchaser to the Seller in accordance with a separate fee letter between the Seller and the Purchaser and (ii) the Set-Off Reserve Excess Amount, using the balance credited to the Set-Off Reserve Account.
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Examples of Seller Deposits in a sentence

  • A list of all deposits and bonds posted by Seller with utility providers, sureties, governmental agencies or others in connection with the Property (the "Seller Deposits and Bonds").

  • The funds should be transferred in accordance with the following instructions: City, State: ABA #: Account #: Account Name: Ref: [Seller] Deposits only require “Bank Name” and “City, State” information to be completed.

  • To the extent that any funds are released as a result of the termination of any Seller Deposits for which Seller did not get a credit, such funds shall be delivered to Seller immediately upon their receipt.

  • Otherwise, Buyer shall replace all Seller Deposits and obtain the release of Seller (or its affiliates) from any obligations under the Seller Deposits.

  • At the Closing, (i) Seller shall transfer to Buyer all of the Assumed Accounts, and (ii) Buyer shall pay to Seller an amount equal to all of the Seller Deposits.

  • To the extent that any funds are released as a result of the termination of Seller Deposits for which Seller did not get a credit, such funds shall be delivered to Seller immediately upon their receipt.

  • Seller shall be entitled to a refund of all Seller Deposits, if applicable, and, where necessary, Purchaser shall arrange to make its own deposits with the parties holding such Seller Deposits on or prior to the Closing.

  • Nothing in this Subparagraph 6(m)(ii) shall affect the right of Agent or any Lender to commence legal proceedings or otherwise xxx any Guarantor in any other appropriate jurisdiction, or concurrently in more than one jurisdiction, or to serve process, pleadings and other papers upon any Guarantor in any manner authorized by the laws of any such jurisdiction.

  • Similarly, Buyer shall receive a credit at each Closing for all refundable security or other deposits paid to the Seller Parties pursuant to any applicable Assumed Contracts that were not reimbursed to Buyer as of such Closing (“Third Party Deposits” and, together with the Seller Deposits, the “Security Deposits”).

  • Seller shall receive a credit at Closing for all bonds, deposits, letters of credit, set aside letters or other similar items, if any, outstanding with respect to the Property, that have been provided by Seller, or any of its affiliates, to any governmental agency, public utility, or similar entity (collectively, "Seller Deposits") to the extent assignable to Buyer.


More Definitions of Seller Deposits

Seller Deposits has the meaning set forth in Section 16 hereof.
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Seller Deposits has the meaning set forth in Section 1.7(c).
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Seller Deposits means all deposits to the extent made by Seller exclusively in connection with the Business, and any claim, remedy or other right related to any of the foregoing.
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Related to Seller Deposits

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Assumed Deposits means Deposits.

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Imposition Deposits are defined in Section 7(a).

  • Deposit Liabilities means all of Seller's duties, obligations and liabilities relating to the deposit accounts of the Branches as of the Effective Time (including accrued but unpaid or uncredited interest thereon).

  • 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.

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • Indemnity Escrow Amount means $3,000,000.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

  • Seller’s Interest means, at any time, a “seller’s interest” as defined in, and calculated in accordance with, Regulation RR.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Seller Expenses means, without duplication, the collective amount payable by the Company or its Subsidiaries, the Seller or their respective Affiliates for all fees, costs and expenses incurred in connection with the process of selling the Company and its Subsidiaries or otherwise relating to the negotiation, preparation or execution of this Agreement or any documents or agreements contemplated hereby or the performance or consummation of the transactions contemplated hereby or thereby (and any other agreements, documents, arrangements or transactions that were considered or negotiated as an alternative to this Agreement and the transactions contemplated hereby), including (i) all fees, costs and expenses incurred by the Company or any of its Subsidiaries in connection with or incident to this Agreement and the transactions contemplated hereby, including any such legal, consulting, accounting and investment banking fees, costs and expenses, (ii) all stay bonuses, sale bonuses, change in control payments, retention payments, synthetic equity payments, or similar payments made or to be made by the Company or any of its Subsidiaries (together with any employer portion of employment taxes payable in connection with such amounts) payable to any employees or other Person in connection with or as a result of the consummation of the transactions contemplated herein, provided that any such payments arising as a result of any termination of employment shall only be included to the extent that such employee is terminated by the Company or its Subsidiaries prior to the Closing Date (and not at the direction of the Purchaser), (iii) any fees paid under any applicable management agreement, (iv) all premiums and other payments necessary to purchase the “tail” policy for D&O insurance pursuant to Section 6.03, and (v) all costs and expenses related to the Medicina Litigation, including the Settlement Sum (as defined in the Settlement Agreement) payable pursuant to the Settlement Agreement and all costs and expenses incurred to withdraw or dismiss the Medicina Litigation.

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

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Excluded Deposits means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, any of which, as of the date hereof, are listed on Exhibit 1.1(e)(i), (x) Escheat Deposits, (y) those deposit liabilities (i) related to a financial advisory relationship with Seller’s Xxxxxxx Xxxxx Wealth Management or US Trust divisions, (ii) related to a client managed relationship in Seller’s Business Banking, Middle Market, or Large Corporate divisions or any other non-retail division, (iii) linked to affinity relationships or programs set forth on Exhibit 1.1(e)(iii) (and such Exhibit 1.1(e)(iii) shall be updated by Seller as of 5:00 p.m., Eastern time, on the date that is five (5) Business Days prior to the Closing Date (and delivered to Purchaser on or before the date that is three (3) Business Days prior to the Closing Date), or (iv) that constitute security for loans that are not to be transferred to Purchaser under the terms of this Agreement, and (z) those deposit liabilities that have been opened by an employee (other than a Transferred Employee) or former employee of Bank of America Corporation.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Repurchased Loan has the meaning set forth in Section 2.3(a).