Transaction Deposit definition

Transaction Deposit means any Deposit for which the funds may be withdrawn in practice upon demand or upon which third party drafts may be drawn by the depositor, including a checking Account, NOW Account or money market deposit Account.
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Transaction Deposit shall have the meaning as set forth in Article 2.2 hereof.
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Transaction Deposit the transaction deposit for the transfer of the Target
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Examples of Transaction Deposit in a sentence

  • The assignment of each claim shall become valid upon receipt of the Transaction Deposit by BS PAYONE.

  • The assignment of each claim shall become valid upon receipt of the Transaction Deposit by B+S.

  • Notices shall be directed, if to the Director, at the Director’s address indicated by the Company’s records, or if to the Company, at the Company’s principal executive office.

  • Transaction, Deposit and Account Statement Fees Scotiabank business customers can access many convenient account services on a “pay- per-use” basis.

  • Transaction, Deposit and Account Statement Fees: Transaction fees are charges for each item that goes through an account and deposit fees are for the processing of the cash, coin, cheques, and other items as they are deposited.

  • Without the Transaction Deposit (or alternative financing), the Applicant projects that it will exhaust its liquidity prior to the last week of October 2021.

  • The Agreement may be prematurely termi- nated by PAYONE with a notice period of one month if the Merchant does not make any Transaction Deposit within 6 months after the commencement of the Agreement.

  • The funding of the multiple draw Transaction Deposit is subject to obtaining Court approval of the Proposed Transaction and the Transaction Deposit Charge.

  • The assignment of each claim shall become valid upon receipt of the Transaction Deposit by XXXXXX.

  • The Performance Deposit and the Transaction Deposit are hereinafter collectively referred to as the “Deposit.” Concurrently with the Close of Escrow, the Deposit (including the Performance Deposit) shall be credited toward the Purchase Price.


More Definitions of Transaction Deposit

Transaction Deposit means the reference to the payment made by Collector into the Ontec’s Control Account.
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Transaction Deposit means the sum of US$750,000 transferred to the Transaction Deposit Account pursuant to the Expenses Side Letter;
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Related to Transaction Deposit

  • Application deposit means any refundable deposit of money, however denominated, including all

  • the Deposit means 10% of the Purchase Price;

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate principal balance of the Receivables on the Initial Cutoff Date (which is equal to $22,000,029.61).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,799,999.80.

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • 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.

  • 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.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

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

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.