Restricted Deposits definition
Restricted Deposits means cash that is held at a bank that cannot be accessed or released and whose sole purpose is to secure and provide the Company with a credit line.
Restricted Deposits has the meaning set forth in Section 4.24.
Examples of Restricted Deposits in a sentence
CSS agrees to calculate interest on your Deposit at a rate equivalent to the earnings of the CSS Restricted Deposits Portfolio.
For purposes of the Net Working Capital calculation only (as defined above), Excluded Assets shall consist of cash and Cash Equivalents and Restricted Deposits, determined in accordance with GAAP.