"DEPOSIT CHARGE definition

"DEPOSIT CHARGE means a deposit charge by the Borrower in favour of the Bank in a form acceptable to the Bank over all right, title and interest of the Borrower in and to a cash deposit deposited by the Borrower with the Bank, securing all liabilities of the Obligors to the Bank from time to time;
View Source

Examples of "DEPOSIT CHARGE in a sentence

  • SCHEDULE "A" to the Administration Services Agreement dated for reference the 1st day of January, 2005 ------------------------------------------------------------------------------------------------------------------------- INITIAL MONTHLY NAME OF NOMINEE PUBCO DEPOSIT CHARGE GGM DIRECTOR SIGNATURE AND DATE ------------------------------------------------------------------------------------------------------------------------- Golden Arrow Resources Corp.

Related to "DEPOSIT CHARGE

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the room charge, and reimbursement of the assessment as allowed in section 6.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).