Mandatory Deposits definition

Mandatory Deposits means the amounts mentioned in PART-III of the SIXTH SCHEDULE hereto and to be deposited/paid by the Purchaser with the Builder and shall also include any other amount that the Builder may require the Purchaser to deposit/pay.
Sample 1

Examples of Mandatory Deposits in a sentence

  • PART-III(For Mandatory Deposits/ Advances/ Extra Costs) (DEPOSITS & EXTRA CHARGES) Note: GST as applicable, will be payable in addition to the above.

  • The Purchaser has made full payment of the Agreed Consideration, the Additional Payments and Mandatory Deposits / Advance / Extra Costs till then payable.

  • If the slider is moved rapidly, you may not get a callback for every possible position, but you'll certainly get a callback when it settles.cursorThe cursor that appears when the mouse is over the scale.

  • The Additional Payments and the Mandatory Deposits / Advance / Extra Costs are an integral part of the transaction and non-payment / delayed payment thereof shall also be an act of default on the part of the Purchaser and the Vendor/Builder shall become entitled to exercise the Rights on Purchaser's Default contained in the NINTH SCHEDULE hereto.

  • Mandatory Deposits, Mandatory deposits are deposits that must be paid by members each month in the same amount.

  • Mandatory Deposits and Cashor equivalent are the most preferred as the investment represents 66.86% and 33.02% of the investment portfolio respectively.Portfolio Performance Figure 4.

  • Porter, R.C. (1978) A Social Benefit Cost Analysis of Mandatory Deposits on Beverage Containers, Journal of Environmental Economics and Management, 5: 351-375; Sigman, H.

  • Failure to make payment of any amount payable by the Purchaser under this Agreement on account of the Agreed Consideration and/or the Additional Payments and/or Mandatory Deposits / Advance / Extra Costs or otherwise within the specified time, or within 30 days of demand if no time is specified, shall amount to a default entitling the Vendor/Builder to exercise all or any of the Rights on Purchaser's Default.

  • EUROPEN study Mandatory Deposits on Non-Refillable Beverage Containers in Germany, April 2004.

  • Mandatory Deposits Early in 1995, a resolution (No. 769-A) was proposed in the City Council to amend RPAPL art.

Related to Mandatory Deposits

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Imposition Deposits are defined in Section 7(a).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • REO Account The account or accounts maintained by the Master Servicer in respect of an REO Property pursuant to Section 3.23.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

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

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

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

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

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

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

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • 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 A(2022-2) 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.

  • 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).

  • 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.