Total Deposits Sample Clauses
The 'Total Deposits' clause defines the total amount of money that must be paid as a deposit under the agreement. It typically specifies the sum required, the timing of payments, and may outline how the deposit is to be held or applied, such as being credited toward the purchase price or held in escrow until certain conditions are met. This clause ensures both parties are clear on the financial commitments at the outset, reducing the risk of disputes over payment obligations and providing security for the party receiving the deposit.
Total Deposits. As of the date of the Closing Financial Statement, the total Core Deposits of the Company Bank shall not be less than 80% of the balance of such Core Deposits on September 30, 2013. The term “Core Deposits” shall mean all deposit liabilities of the Company Bank as defined in 12 U.S.C. 1831(l)(i) as of such date, excluding deposits set forth on Section 7.02(g) of the Company Disclosure Schedule, any brokered deposits for purposes of ▇▇▇▇▇▇▇ ▇▇ ▇.▇.▇. ▇▇▇▇(▇)(▇) and any certificates of deposit in excess of $250,000. The Company Bank shall have no brokered deposits at Closing.
Total Deposits. As of the date of the Closing Financial Statement, the balance of Tri-Valley’s interest-bearing deposits shall be at least $102,884,000 and the balance of Tri-Valley’s noninterest-bearing deposits shall be at least $23,746,000.
Total Deposits. As of the date of the Closing Financial Statement, the total Core Deposits of MLB shall not be less than ninety percent (90%) of the balance of such Core Deposits on March 31, 2015. The term “Core Deposits” means all deposit liabilities of MLB as of such date, excluding any brokered deposits for purposes of Section 12 U.S.C. § 1831f(g) and any certificates of deposit in excess of $250,000.
Total Deposits. As of the date of the Closing Financial Statement, the total Core Deposits of Focus shall not be less than eighty-five percent (85%) of the balance of such Core Deposits on December 31, 2014. The term “Core Deposits” means all deposit liabilities of Focus as of such date, excluding any brokered deposits for purposes of ▇▇▇▇▇▇▇ ▇▇ ▇.▇.▇. ▇▇▇▇▇(▇) and any certificates of deposit in excess of $25,000,000.