Deposit Holder definition
Examples of Deposit Holder in a sentence
The Deposit Holder will hold the Deposit until a party becomes entitled to it.
The Parties shall provide to the Deposit Holder all necessary documentation to open and maintain the account without delay.
If the Deposit Holder has already drawn the interest, the amount of interest issued in advance will be deducted from the deposit amount.
If the deposit is closed prematurely and/or if the compulsory minimum monthly contribution clause is breached 3 (three) times, the Deposit Holder shall pay the fee specified in Paragraph 2.18 hereof.
By signing hereunder, the Deposit Holder authorizes the Bank to transfer the deposit amount indicated in Paragraph 2.2. of this Agreement from the account indicated in Paragraph 2.16 to the deposit account indicated in Paragraph 2.10.