GIC Balance definition
GIC Balance or “GDA Balance” means, on any day the amount standing to the credit of the GIC Account as at the opening of business on such day;
GIC Balance means amounts standing to the credit of the GIC Account from time to time; GIC Provider means Yorkshire Building Society in its capacity as GIC provider or any successor GIC provider appointed from time to time; GIC Rate means ▇▇▇▇▇ less 0.30 per cent. or any other such rate agreed between any successor GIC provider and the Issuer (subject to a floor of zero);
GIC Balance means, for any GIC Arrangement, the sum of all amounts deposited with or transferred to or at the direction of the Eligible GIC Provider less all amounts withdrawn from such GIC Arrangement (other than payments of GIC Interest).
More Definitions of GIC Balance
GIC Balance means on any date of determination the aggregate outstanding principal balance of the GICs as most recently reported under the Pledge and Administration Agreement on such date.