Cash Spread definition

Cash Spread means, for the Acquired Companies on a consolidated basis, their net interest revenue (interest revenue less interest paid to brokerage clients and any program administration costs) earned on their brokerage clients’ cash balances participating in the FDIC-insured network deposit program administered by Promontory Interfinancial Network, LLC (or any similar or successor program).
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Cash Spread means 0.3 per cent.; “Change Amount” is defined in Section 6.1.3; “Change Factor” is defined in Section 6.1.3;
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Cash Spread means 0.25 per cent.;
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Examples of Cash Spread in a sentence

  • It is hereby confirmed that amounts deposited in the Collections Account pursuant to this Section 7.3 are a refund of a portion of the Master Lease Prepayment Amount under the Master Lease in respect of the related Leases, and such amounts together with any amounts in the Cash Spread Account and Yield Supplement Account shall be applied in accordance with Article 6.

  • Following the occurrence of an Event of Termination, the Trust shall (and is authorized by the Seller to) withdraw all amounts then on deposit in the Cash Spread Account and shall deposit such amounts into the Collections Account.

  • Any interest or other earnings on the Cash Spread Account or Permitted Investments thereof, shall be deposited to the Cash Spread Account, but subject to Section 6.1(6).

  • Unless and until any Refinancing Notes forming part of a new Series are issued, the Related Collateral with respect to the Series 2010-2 Notes (including the Portfolio of Assets acquired pursuant to the Purchase Agreement, the Cash Spread Account and the Yield Supplement Account) shall be held as security for the due payment of the Related Obligations Secured alone and shall not be available for the Related Specified Creditors with respect to any other Series.

  • The initial Servicer may from time to time invest amounts in the Cash Spread Account and Yield Supplement Account in Permitted Investments.

  • Any earnings on such investments shall be deposited to the Cash Spread Account or Yield Supplement Account, as applicable, for application in accordance herewith.