Pledged Deposit definition

Pledged Deposit has the meaning ascribed thereto in Clause 8.1(j) (Pledged Deposit);

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Pledged Deposit means the amount of Dollars Twenty million ($20,000,000), as reduced from time to time pursuant to clause 6 of the Ninth Supplemental Agreement, which shall be deposited into the Pledged Deposit Account and which shall be subject to the terms and conditions of the Costamare Pledge Agreement;

Pledged Deposit means a deposit pledged to a lender, for the benefit of the lender, as security for a loan;

Examples of Pledged Deposit in a sentence

Accordingly, the interest rate and annual percentage yield on the Pledged Deposit Account are both 0.00% for the entire life of the Pledged Deposit Account.
The Deposit Bank will exclusively control the Pledged Deposit Account, including the management of any funds deposited after the effective date of this Agreement, without further consent by you.
You hereby appoint us your agent and attorney-in-fact to open the Pledged Deposit Account, maintain records, and deliver disclosures for the Pledged Deposit Account, and to initiate all actions associated with the Pledged Deposit Account.
You agree to sign any documents that we may request throughout the lifetime of your Account to confirm the creation of the Pledged Deposit Account and our security interest in the Pledged Collateral.
We will close the Pledged Deposit Account after your credit privileges are terminated and all amounts owed to us are repaid in full and return to you any Deposit Funds that remain.
The amount your Deposit Funds will reduce in the Pledged Deposit Account will not exceed the reduced Credit Limit.
Your Credit Limit is based on the Deposit Funds you initially deposit to the Pledged Deposit Account.
If a New Issuer Deposit Account has a balance in excess of $100,000 at any time, the Issuer shall within ten (10) Business Days thereafter (i) transfer from such New Issuer Deposit Account the amount by which the deposits in such account are in excess of $100,000 to a Pledged Deposit Account, or (ii) cause to be delivered to the Indenture Trustee a New Issuer Deposit Account Control Agreement with respect to such New Issuer Deposit Account.
Moneys in the Pledged Deposit Account shall be used solely for the purposes for which Advances were made, or for such other purposes as may be approved in writing by RUS.
The Awardee consents to the use of the Automated Clearing House (ACH) Payment System and to the deposit of award funds directly into the Pledged Deposit Account.

More Definitions of Pledged Deposit

Pledged Deposit means the deposit opened at the Beijing branch of CITIC Bank International (China) Co., Ltd. by the Pledgor, and the deposit opened from time to time by Pledgor pursuant to the Master Agreement at the request of the Pledgee, which shall be pledged to the Pledgee as the security for the Facility (see Schedule 1);

Pledged Deposit means, an amount equal to Two million Dollars ($2,000,000) shall be deposited into the Pledged Account;

Pledged Deposit means the amount maintained in the Pledged Deposit Account pursuant to Clause 23.23 (Pledged deposit).

Pledged Deposit means, an amount equal to fifteen per cent (15%) of the amount of the Loan outstanding at any relevant time under this Agreement deposited into the Pledged Account;

Pledged Deposit means the “Pledged TD” as defined in the Pledge Agreement.