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.
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Restricted Deposits has the meaning set forth in Section 4.24.
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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.

Related to Restricted Deposits

  • Assumed Deposits means Deposits.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Controlled Deposit Account means a Deposit Account that is subject to a Deposit Account Control Agreement.

  • 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.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.