Common use of Wallet Clause in Contracts

Wallet. Pay-by-Cell may include a requirement that the customer's account at all times have a minimum credit of $20.00 and that additional deposits into the account shall be in a minimum amount of $20.00 and such additional deposits may be automatically debited from a customer's nominated source once the balance on the customer's account falls below $10.00. Interest on such deposits shall not be included in calculating the Quarterly Settlement Amount. The Concessionaire shall deposit, or cause to be deposited, such customer funds into a segregated deposit account or securities account maintained with a bank or other financial institution located in the United States of America which has been given a long-term unsecured debt rating of "A" (or equivalent) or higher by a Rating Agency. The credit balance of such deposit account or securities account shall be invested only in the Eligible Investments referred to in clause (i) and (iv) of the definition thereof.

Wallet. Pay-by-Cell may include a requirement that the customer's account at all times have a minimum credit of $20.00 and that additional deposits into the account shall be in a minimum amount of $20.00 and such additional deposits may be automatically debited from a customer's nominated source once the balance on the customer's account falls below $10.00. Interest on such deposits shall not be included in calculating the Quarterly Settlement Amount. The Concessionaire shall deposit, or cause to be deposited, such customer funds into a segregated deposit account or securities account maintained with a bank or other financial institution located in the United States of America which has been given a long-term unsecured debt rating of "A" (or equivalent) or higher by a Rating Agency. The credit balance of such deposit account or securities account shall be invested only in the Eligible Investments referred to in clause (i) and (iv) of the definition thereof.and