Core Deposit Accounts definition

Core Deposit Accounts means, collectively, the Core U.S. Deposit Accounts and the Core Canadian Deposit Accounts.
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Core Deposit Accounts means, collectively, the Core U.S. Deposit Accounts and the Core Dutch Deposit Accounts.
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Core Deposit Accounts means all Deposit Accounts excluding certificates of deposit with balances equal to or greater than $100,000 at the close of business on the Closing Date, all sweep accounts, all municipal or other governmental deposits where pledging is required, all brokered certificates of deposit and all internal and inter-company accounts (i.e. cashier’s checks, money orders, accounts payable, escrow accounts, etc.).
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Examples of Core Deposit Accounts in a sentence

  • Schedule 6.19(f) lists as of the Closing Date all U.S. and Canadian Deposit Accounts and Securities Accounts maintained by each Loan Party, including Core Deposit Accounts and designates the Core Deposit Accounts.

  • The 30-day average balance of the Core Deposit Accounts shall be no less than $135,000,000.


More Definitions of Core Deposit Accounts

Core Deposit Accounts means, collectively, the Core U.S. Deposit Accounts and the Core Dutch Deposit Accounts. “Core Dutch Deposit Account” shall have the meaning provided in Section 5.03(c).
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Core Deposit Accounts means, collectively, the Core U.S. Deposit Accounts and the Core Canadian Deposit Accounts. “Core Foreign Deposit Accounts” shall have the meaning provided in the definition of Eligible Accounts.
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Related to Core Deposit Accounts

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.