Required Deposit. For any Distribution Date after February 2016, the product of (a) the Final Maturity Reserve Rate, (b) the aggregate Stated Principal Balance of the Mortgage Loans as of the due Date in the prior calendar month (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date) and (c) one-twelfth, until the amount on deposit in the Final Maturity Reserve Fund is equal to the Final Maturity Reserve Fund Cap.
Required Deposit. Rating" for so long as the Certificates shall be outstanding, shall mean a rating on (i) short-term unsecured debt obligations of P-1 by Moody's and (ii) short-term unsecured debt obligations of A-1+ by Standard & Poor's, and for any account in which deposits in excess of 30 days are to be made, so long as the Trustee's long-term unsecured debt obligations have a rating of at least "AA-" by Standard & Poor's (such short-term and long-term (if applicable) ratings being, the "Required Deposit Rating").
Required Deposit. Rating: A rating on short-term unsecured debt obligations of P-1 by Moody's and A-1+ by Standard & Poor's. Any requirement that short-term unsecured debt obligations have the "Required Deposit Rating" shall mean that such short-term unsecured debt obligations have the foregoing required ratings from each of such rating agencies.
Examples of Required Deposit in a sentence
Registration of Bidders shall be subject to verification and approval of the PAH Website and subject further the Required Deposit payment being cleared by the bank.
Payment of the Required Deposit must be made via an local bank online transfer to OCBC Bank (Malaysia) Berhad in favour of PROPERTY AUCTION HOUSE SDN BHD Account No: 7011520709.
Upon approval and verification by PAH website and subject to the Required Deposit being cleared by the bank, the registered E-Bidder will receive a notification via an e-mail on their successful registration and allowing the registered E-Bidders to bid for their intended property on the auction day.
E-bidders are required to complete the registration process by submitting the relevant details and uploading the relevant documents including evidence of payment of the Required Deposit onto PAH website latest by 12.00 noon, at least one (1) working day before the auction date.
Payment of the Required Deposit must be made via an local bank online transfer to MBSB Bank Berhad in favour of PROPERTY AUCTION HOUSE SDN BHD Account No: 1005013100000343.
More Definitions of Required Deposit
Required Deposit. Deposit Due Date: 4-4-00 Fund Interest Rate: 5.68% Number of Premiums to be Paid from Fund: 11 First Premium to be Paid by Fund: 7-18-00 Actual Premium Fund Capital Interest/ Ending Due Date Balance W/Drawn Discount Premium Balance 03/21/2000 07/18/00 07/18/01 07/18/02 07/18/03 07/18/04 07/18/05 07/18/06 07/18/07 07/18/08 07/18/09 07/18/10 The required deposit is a prepayment of the premiums shown on this schedule. We do not guarantee that this deposit will be sufficient to keep the policy in force. Agreed to this_________ day of ________, 2000 By:___________________ By: __________________________________________ Policy Owner Security Life of Denver insurance Company EXHIBIT C COLLATERAL ASSIGNMENT OF LIFE INSURANCE POLICY The following life insurance policy (the "Policy") is subject to the terms and conditions of the attached Split-Dollar Insurance Agreement: Insurer: Security Life of Denver Insured: Xxxxxx X. Xxxxx Policy No.: 1542025
Required Deposit. Rating" shall be a short-term certificate of deposit rating from Moody's of P-1, from Duff & Xxxxxx of "D-1" (if rated by Duff & Xxxxxx) and from Standard & Poor's of "A-1+," and a long-term unsecured debt rating of not less than Aa3 by Moody's and "AA-" by Standard & Poor's.
Required Deposit means, at the time of any Required Deposit Event with respect to any Reserve Account Security on deposit in any Reserve Account Security Account, an amount equal to the aggregate Available Amount under such Reserve Account Security at such time; provided, however, that if such Required Deposit Event results from the occurrence of a Debt Service Event, such amount shall be equal to the aggregate amount required to be transferred pursuant to, if such Reserve Account Security Account is (a) the Maintenance Plan Funding Subaccount, Section 3.5(c) of the Intercreditor Agreement, (b) the Distribution Account, Section
Required Deposit means, at the time of any Required Deposit Event with respect to any Reserve Account Security on deposit in any Reserve Account Security Account, an amount equal to the aggregate Available Amount under such Reserve Account Security at such time; provided, however, that if such Required Deposit Event results from the occurrence of a Debt Service Event, such amount shall be equal to the aggregate amount required to be transferred pursuant to, if such Reserve Account Security Account is (a) the Maintenance Plan Funding Subaccount, Section 3.5(c) of the Intercreditor Agreement, (b) the Distribution Account, Section 3.8(b) of the Intercreditor Agreement, (c) a Debt Service Reserve Account, Section 4.5 of the Indenture and (d) a Tax-Exempt Debt Service Reserve Account, Section 4.6 of the Tax-Exempt Indenture.
Required Deposit. The annual percentage rate does not take into account your required deposit and first three installment payments (for which there is no finance charge). GRACE PERIOD/DEFERMENT: If you elect to take advantage of the Annual Deferral Option by checking the box next to “Annual Deferral Option” on page 2 of this Exhibit B, then during each 12 month period from October 1st through September 30th hereunder, beginning with the first period that runs from (but not including) October 1, 2024 through and including September 30, 2025 (each such contract year, a “Grace Period”), we will defer the applicable 12 monthly payments within such Grace Period and require only one payment of such cumulated amounts due that have accrued during such Grace Period on the last day (i.e., September 30) of such Grace Period (such annual due date of the cumulated amounts is the “Annual Deferment Due Date” and such option to choose such annual deferments, the “Annual Deferral Option”). Thus, if you elect to participate in the Annual Deferral Option, you will have six (6) annual payments of the Amount Financed and finance charges equal to $ that are due on September 30th of each Grace Period, commencing with September 30, 2025. No late charge will be assessed if all payments accrued during the Grace Period are paid on the Annual Deferment Due Date. See your contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date, and prepayment refunds and penalties. ITEMIZATION OF THE AMOUNT FINANCED Itemized Charges:
Required Deposit means the funds necessary to be advanced by a Lender to Agent on a Settlement Date to restore Lender's Percentage of the then outstanding balance of the Note to the Percentage set forth in Section 1.28.
Required Deposit means a nonrefundable cash deposit made by the Qualified Unit Buyer which deposit is not less than 3% of the gross purchase price of the applicable Unit (including options and upgrades). In all cases, the Required Deposit shall be payable upon the signing of the applicable Qualified Sales Contract.