Equity Deposit Account definition

Equity Deposit Account means an interest bearing USD Account required to be opened hereunder with the Account Bank in the joint names of the Borrowers designated “Navios — Equity Deposit Account” and includes any other account designated in writing by the Agent to be the Equity Deposit Account for the purposes of this Agreement;
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Equity Deposit Account means Borrower's Escrow Deposit Account with Lender designated "East Kansas Agri-Energy, L.L.C., Equity Deposit Account," which holds the proceeds of Borrower's equity drive.
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Equity Deposit Account means Borrower’s Escrow Deposit Account with Lender designated “Golden Grain Energy, LLC, Equity Deposit Account,” which holds the proceeds of Borrower’s equity drive.
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Examples of Equity Deposit Account in a sentence

  • Figure 4.7: The calculated percent of cobalt that is lost from LiCoO2 as a function of time.

  • The Borrowers shall further ensure that any further equity raised by the New Corporate Guarantor shall be utilised in meeting the Borrowers’ equity contributions as required under this Clause in the first instance and any balance thereafter shall promptly be credited to the Restricted Equity Deposit Account.


More Definitions of Equity Deposit Account

Equity Deposit Account means Borrower’s Escrow Deposit Account No. 62001269315 with First National Bank, Trust Department, Goodland, Kansas, which holds the proceeds of Borrower’s equity drive.
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Equity Deposit Account means Borrower’s Deposit Account with Farmers State Bank, Xxxxxx, South Dakota in an initial principal amount of not less than $18,638,600 (which amount does not include the proceeds of any grant from the United States Department of Agriculture, community development grant or tax increment financing), the proceeds of which, along with the proceeds of the Side Note, shall pay for not less than 35% of the aggregate amount of Construction Costs.
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Related to Equity Deposit Account

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

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

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

  • 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”.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • 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.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

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