Deposit Account Balance definition

Deposit Account Balance means, in relation to each Interest Payment Date or (as the case may be) the Maturity Date or the Mandatory Redemption Date, an amount in EUR equal to all amounts standing to the credit of the Deposit Account (as defined below) as at the relevant Interest Payment Date, the Maturity Date or the Mandatory Redemption Date (as the case may be).
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Deposit Account Balance means, in relation to any Interest Payment Date or (as the case may be) the Maturity Date or the Mandatory Redemption Date, an amount in GBP equal to all amounts standing to the credit of the Deposit Account (as defined below) as at the relevant Interest Payment Date, the Maturity Date or the Mandatory Redemption Date (as the case may be). If on any Interest Payment Date the payment of all or part of any interest amount in respect of the Collateral is deferred in accordance with the terms thereof, or otherwise, it shall be applied on the date falling one Business Day following receipt thereof (a) first in payment of any amounts of interest due in respect of the A Notes on such Interest Payment Date in accordance with the terms of the A Notes and (b) then in payment of the remainder, if any, to the Noteholders. Interest Commencement Date: The Interest Commencement Date is 23February 2007. Interest Accrual Dates: The Interest Accrual Dates in respect of the Notes shall be the interest payment dates in respect of the Collateral (which are expected to be 21 March, 21 June, 21 September and 21 December in each year commencing on21 March 2007 and which are subject to adjustment in accordance with the Business Day Convention). The final Interest Accrual Date in respect of the Notes will be the Scheduled Collateral Maturity Date. Interest Periods: The first Interest Period is from (and including) the Interest Commencement Date to (but excluding) the first Interest Accrual Date and, thereafter, each successive Interest Period shall begin on (and include) an Interest Accrual Date and end on (but exclude) the next succeeding Interest Accrual Date. Interest Payment Dates: Any Interest Amount payable in respect of anInterest Period shall be paid on the first Relevant Business Day following the Interest Accrual Date on which such Interest Period ends, provided that in respect of the Interest Period ending on (but excluding) the Scheduled Collateral Maturity Date, any Interest Amount payable shall be paid on the Maturity Date. If the Maturity Date falls more than one Business Day after the ScheduledCollateral Maturity Date, the Scheduled Collateral Maturity Date shall not be an Interest Payment Date and the Maturity Date shall be the final Interest Payment Date (and there shall be no Interest Payment Date between the Interest Payment Date falling in or nearest to 21 December 2016 and the Maturity Date). The Interest Payment Dates shall be subject to adjustment in accorda...
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Examples of Deposit Account Balance in a sentence

  • If a Replacement Portfolio Manager is appointed, the Notional Deposit Account Balance on the Strategy Unwind Completion Date will be the initial Notional Deposit Account Balance for the purposes of the management of the Reference Portfolio by the Replacement Portfolio Manager.

  • In the event that the Deposit Account Balance on the relevant Interest Payment Date is insufficient to pay the Due Amount on such Interest Payment Date, a Deferred Interest Amount shall be payable on the next succeeding Interest Payment Date.

  • Bank BalancesThe Current Account Balance £24,322.61*The Deposit Account Balance £5,467.59* £700.00 ring-fenced for Zip-Wire, * £6,450 ring-fenced for Energy StudyThe council agreed to a request from the Village Hall Warden for a small loan of up to £200 to start Rampton Village Bingo Club which will be repaid by the profits of the new club.

  • Payment of any Due Amount on an Interest Payment Date is subject to the Deposit Account Balance in relation to such Interest Payment Date and the Priority of Payments (as defined in Schedule 1).

  • Various fees will be payable in respect of the Notes, and lead to a reduction in the Notional Deposit Account Balance.

  • The balance of the Notional Deposit Account (the Initial Notional Deposit Account Balance) on such date shall be equal to the product of the Initial Principal Amount of the Notes and the Issue Price.

  • For the avoidance of doubt, the Deposit Account Balance shall be reduced to zero following this payment.3.6 On the Maturity Date, the Deposit Account Balance will be distributed in accordance with the Order of Priority set out in paragraph 36 of this Issue Memorandum.

  • In the event that the Deposit Account Balance on the relevant Repayment Date is insufficient to pay the Due Repayment Amount on such Repayment Date, a Reduced Repayment shall be payable on such Repayment Date and a Deferred Repayment Amount shall be payable on the next succeeding Repayment Date.

  • The Current Account Balance today is£16,936.34The Deposit Account Balance today is£5,463.10RPC/133/16Any Other Business There was no other business discussed.

  • Deposit Account means the deposit account number 1672372780 denominated in EUR held by Counterparty with the London branch of SG solely for the purposes of the Transaction and the balance of such account, the Deposit Account Balance.

Related to Deposit Account Balance

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • 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.

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • 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.

  • Investment Account As defined in Section 3.12(a).

  • 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.

  • 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.

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • 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.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Holding Account means an account:

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Separate Accounts means the accounts which are to be prepared for each