Sums on deposit definition

Sums on deposit means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.

Sums on deposit means the balance payable on an account including interest and dividends earned, whether or not included in the current balance, and any deposit life insurance proceeds added to the account by reason of the death of a party.

Sums on deposit means the balance payable on a multi- ple−party account including interest, dividends, and any deposit life insurance proceeds added to the account by reason of the death of a party.

Examples of Sums on deposit in a sentence

• Certain personal Accounts may be established in the name of one or more Owners and one or more “convenience signers.” Sums on deposit may be paid or delivered to the Parties for the convenience of the Owners.

• Sums on deposit in the Securities Accounts shall be invested in Permitted Investments.

• Sums on deposit" means the balance payable on an account, including interest and dividends earned, whether or not included in the current balance, and any deposit life insurance proceeds added to the account by reason of death of a party.

• Sums on deposit in the Accounts shall not be invested except in Permitted Investments if and as directed in writing by the Borrower or the Servicer (with respect to the Controlled Accounts, prior to receipt of a Notice of Exclusive Control (as defined below) from the Collateral Agent (acting at the direction of the Administrative Agent) that has not been rescinded in a writing received by the Account Bank from the Collateral Agent).

• Sums on deposit are payable upon the request of any of you or any survivor.

More Definitions of Sums on deposit

Sums on deposit means the balance payable or

Sums on deposit means the balance payable on an account, including interest and dividends earned, whether or not included in the current balance, and any deposit life insurance proceeds added to the account by reason of death of a party. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

Sums on deposit means the balance payable or transferable on a multiple-party account including cash, interest, dividends, any type of securities, including stocks, bonds, and mutual funds, and any deposit of life insurance proceeds added to the account by reason of the death of a party.

Sums on deposit means the balance payable on a

Sums on deposit means the balance payable on an account, including interest and

Sums on deposit means the balance payable on a multiple-party account, including inter-

Sums on deposit means the balance payable on a multiple-party account, including a fiduciary