Insurance Deposit definition

Insurance Deposit has the meaning set forth in Section 4.08.
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Insurance Deposit minimum balance of funds on the Client's Card Account, which are not available for use by the Client and which are used by the Bank in case of an Overdraft or Indebtedness of the Client to the Bank;
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Insurance Deposit cash assets withdrawn or blocked (prohibition to the Client to operate with) by the Broker as a security to cover the possible loss of the Standardised Futures Contract Open Position; the Insurance Deposit is either increased by the amount of profit or decreased by the amount of loss following from the Standardised Futures Contract’s Open Position. After Close of the Standardised Futures Contract’s Position, the amount of the Insurance Deposit is either transferred to the Client’s Investment Account or unblocked. 1.29.
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Examples of Insurance Deposit in a sentence

  • Within five (5) days after Director’s request, and in any event on or before the Commencement Date, Tenant shall provide to City copies of its insurance policies or certificates thereof evidencing the above insurance, at City’s Insurance/ Deposit Notice Address.

  • Borrower shall have no right to withdraw any funds deposited in the Insurance Deposit Account.

  • Administrative Agent will apply all or any of the then balance in the Insurance Deposit Account toward payment of the Obligations, in such order of application as the Administrative Agent may determine.

  • If the amount due for Insurance Premiums shall increase and Lender reasonably determines that amounts on deposit in the Insurance Premium Escrow Account will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and of the increase needed to the Monthly Insurance Deposit.

  • Commencing with the Payment Due Date specified in such notice from Lender, Borrower shall make deposits at the increased amount of the Monthly Insurance Deposit.

  • Thereafter, beginning on the first Payment Due Date and on each Payment Due Date thereafter, Borrower shall deliver to Lender the Monthly Insurance Deposit.

  • Within five (5) business days after Director’s request, and in any event on or before the Commencement Date, Tenant shall provide to City copies of its insurance certificates thereof evidencing the above insurance, at City’s Insurance/ Deposit Notice Address.

  • Thereafter, beginning on the next succeeding Payment Due Date and on each Payment Due Date thereafter, Borrower shall deliver to Lender the Monthly Insurance Deposit.

  • Notwithstanding the foregoing, Lender agrees to waive the Monthly Tax Deposit and the Monthly Insurance Deposit so long as no Triggering Event has occurred and is continuing.

  • Any transfer of funds from the Cash Collateral Account to the Tax and Insurance Escrow Account shall satisfy Borrower's obligation hereunder to make the corresponding Tax and Insurance Deposit, to the extent of the funds so transferred.