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

• Sums on deposit in the Rent Deposit Accounts shall not be invested in Permitted Investments and shall be held solely in cash.

• Sums on deposit in the Collection Account and the Accounts may be invested in Permitted Investments.

• Sums on deposit in the Cash Management Account and the Subaccounts may be invested in Permitted Investments.

• Sums on deposit in the Cash Management Account shall not be invested except in such Permitted Investments as determined and directed by Lender and all income earned thereon shall be the income of Borrower and be applied to and become part of the Cash Management Account, to be disbursed in accordance with this Article 10.

• Sums on deposit in the Rent Deposit Account shall not be invested in Permitted Investments and shall be held solely in cash.

More Definitions of Sums on deposit

Sums on deposit means the balance payable or

Sums on deposit means the balance payable or transferable on a multiple-party account including cash, interest, dividends, [and] any deposit of life insurance proceeds, and any type of securities, including stocks, bonds, and mutual funds, 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 a fiduciary

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, includ- ing interest, dividends and any deposit life insurance proceeds added to the account by reason of a party’s death.