Deposit Sequence definition

Deposit Sequence has the meaning set forth in Section 11.03(b)
Sample 1
Deposit Sequence means a sequence of Depository Institutions that specifies the identity of Depository Institutions in which Customer funds of a Custodial Agent may be placed and the order in which the identified Depository Institutions will receive such funds.
Sample 1

Examples of Deposit Sequence in a sentence

  • If there are insufficient funds at that Program Bank, funds will be withdrawn from each Program Bank in your Deposit Sequence (lowest priority to highest priority) until the debit is satisfied.

  • If a withdrawal of funds from your Deposit Accounts is necessary to satisfy a net debit in your Account, funds will be withdrawn on a "last in, first out" basis, meaning that funds will be withdrawn from your TAs at the Program Banks beginning with the Program Bank with the lowest priority in your Deposit Sequence at which your funds have been deposited.

  • The Priority List available on our Website does not necessarily identify the order of the Program Banks in which the Deposit Accounts will be opened for you and your funds will be deposited (the "Deposit Sequence").

  • Note: Deposit Sequence Number is encoded on the front of the check.

  • One or more of the Program Banks included on the Priority List may be replaced with a Program Bank not previously included on the Priority List, a Program Bank may be deleted from the Priority List, or the order of Program Banks in your Deposit Sequence may change.

  • Any reduction of the Priority List, whether through elimination of Program Banks from the Priority List, a Program Bank's failure to accept deposits or your instruction not to place funds at one or more Program Banks, will reduce the maximum amount of FDIC insurance that may be available to you.In the event that the order of Program Banks in your Deposit Sequence has changed, your previously deposited funds will not be reallocated based on the new sequence.

  • From up to five business days from when free credit balances in your Account are available for deposit, Robinhood, as your agent, will open either two TAs or an MMDA and a linked TA on your behalf at one or more of the Program Banks on the then-current Priority List in the order set forth in your Deposit Sequence.

  • To find out the Deposit Sequence applicable to you, please contact Robinhood Customer Service at xxxxxxx.xxxxxxxxx.xxx.

  • The Authority requested to incorporate it to AMP 1, however, HUD will not allow this.

  • The Minnesota Supreme Court has held that the due process protections under the Minnesota Constitution concerns that the conviction was fair and proper become paramount” and that allowing a defendant to waive his right to appeal would “foster a judicial system that discourages development of the law while encouraging the preservation of unfair trials”).

Related to Deposit Sequence

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Deposit Securities means, as of any date, any United States dollar-denominated security or other investment of a type described below that either (i) is a demand obligation payable to the holder thereof on any Business Day or (ii) has a maturity date, mandatory redemption date or mandatory payment date, on its face or at the option of the holder, preceding the relevant payment date in respect of which such security or other investment has been deposited or set aside as a Deposit Security:

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Holding Account means an account:

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Deposit Period With respect to each Payment Date, the period beginning immediately following the preceding Deposit Period (or, in the case of the Deposit Period that is applicable to the first Payment Date, beginning on the first day of the month in which such first Payment Date occurs) and ending at the close of business on such Payment Date.

  • Deposit Taker shall have the meaning assigned to it in the Pledge Agreement.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Initial Reserve Account Deposit means $3,000,000.

  • Deposit Holder means (state name and location of Deposit Holder) or, if left blank, the Sellers’ Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.