Certificate of Deposit Sample Clauses

Certificate of Deposit a standard and/or non-standard certificate(s) of deposit issued by the Bank in a dematerialized form, determining the commitment of the Bank to pay to the holder of the certificate of deposit, on the day determined by the terms of the certificate of deposit, the amount envisaged by the term of the certificate of deposit (face value);
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Certificate of Deposit. Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited quarterly We will deposit the interest into your account unless you designate otherwise. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Certificate of Deposit. A certificate of deposit account is not payable, in whole or in part, before maturity date and no interest accrues after date of maturity. There are additional terms and conditions that apply to certificates of deposit accounts and to other segregated interest bearing accounts which are set forth in Bank disclosure documents and/or in certificate of deposit receipts. To the extent that any conflict exists between the additional terms set forth in Bank’s disclosures and/or receipts and this Agreement, the terms of this Agreement (together with its Addendums and Amendments) will control. A certificate of deposit is a segregated account and is represented only by bookkeeping entry on Bank’s records, but distinguished from other types of deposits by a single global account number. A single Deposit Account Agreement (booklet)/Depositor’s Agreement (signature card), together with a single global account number, may control all certificate of deposit accounts of the same Depositor(s) and no additional agreements will be required to establish such additional certificate of deposit accounts. Any certificate of deposit that is automatically renewable will receive the then prevailing rate of interest paid by Bank on certificates of deposit of similar amounts and term for an additional term equal to or substantially similar to the previous term of the certificate of deposit, unless otherwise agreed in writing by the Bank and Depositor, notwithstanding anything contained herein or in Bank’s disclosures and/or certificate of deposit receipt to the contrary. For automatically renewable certificates of deposit, evidence of their current existence must be established by presentation of the certificate or execution of a “lost certificate affidavit.” In addition to the execution of a “lost certificate affidavit”, Depositor must present either a renewal notice from Bank or IRS Form 1099-INT from the Bank. In the event these documents are not presented, the Bank will presume that the certificate of deposit has been previously presented and paid, and its liability for such certificate of deposit shall be terminated. Depositor has no right to make additional deposits to an existing certificate of deposit account. Bank may, in its sole and absolute discretion, allow additional deposits to existing certificate of deposit accounts. Depositor has the right to terminate the certificate of deposit or withdraw the funds there from within ten (10) days after the date of maturity of the ...
Certificate of Deposit i. Certificate of Deposit shall be accompanied by a Security Agreement, as provided by the GOVERNMENT, fully executed by XXXXXX and GOVERNMENT AND acknowledged by the financial institution issuing the Certificate of Deposit; and
Certificate of Deposit. A $5,500,000 Certificate of Deposit issued by Agent in the name of Borrower, which shall be assigned unto Agent until such time as the Loan has been fully repaid. At Borrower’s option, Borrower may satisfy the aforementioned condition by having Guarantor maintain minimum liquidity of $7,000,000.00 during the term of the Loan (The covenant will be tested quarterly based on unaudited financial statements).
Certificate of Deposit. Check: A written order to pay a specific amount of money drawn on, payable through, payable at or processed by a bank or other depository institution. If a Check is sent or returned as an electronic image or as a substitute Check, it is still considered a Check. Chargeback Item Fee: The fee charged to your Account each time a Check or other Item that we either cashed for you or accepted for deposit to your Account is returned to us unpaid. Collected Balance: The balance for the Account, less the portion of funds deposited for which we have not received credit based on our funds availability schedule. All interest-bearing deposit Accounts accrue interest daily on the “Collected Balance” in the Account. Consumer Deposit Account: Any deposit Account primarily for personal, family, or household purposes. These Accounts are usually owned by one or more individuals, or in trust for one or more individuals, or for the benefit of one or more individuals. Current Balance: Your balance at the end of the prior Business Day. It includes the full amount of all deposits to your Account, less payment transactions that actually posted to your Account. Any Holds for purchase transactions, Holds on deposits (see Funds Availability Schedule), or other Checks, payments and fees that have not yet posted will not appear in your Current Balance.
Certificate of Deposit f. Evidence of Debt;
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Certificate of Deposit. As additional security for the Obligations and a condition for the closing of the Loan, pursuant to the terms and provisions of a separate assignment agreement, Borrower has transferred and assigned to Administrative Agent for the ratable benefit of Administrative Agent and Lenders and grants a security interest in all of Borrower’s right, title and interest, in and to a certificate of deposit (the “Certificate of Deposit”) in the amount of FIVE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($5,500,000.00) issued by Administrative Agent in the name of Borrower.
Certificate of Deposit. The Representatives shall have received from the Depositary a copy of the certificate evidencing the deposit of the Preferred Shares delivered at such Closing Time.
Certificate of Deposit. 2 Collateral..........................................................................2
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