Retained Split Deposit definition

Retained Split Deposit means a deposit liability with respect to which (a) the primary accountholder conducts business at the Branch, on the one hand, and one or more banking offices of Seller which is not the Branch, on the other hand, and (b) less than 50% of recent branch visits or transactions of such primary accountholder, as determined by Seller and previously communicated to Purchaser, is conducted at the Branch as of the date of this Agreement. Following the date hereof and using the methodology for identifying a “Retained Split Deposit” previously disclosed to Purchaser, Seller shall not categorize any additional deposit liability as a “Retained Split Deposit” without the prior written consent of Purchaser (which consent shall not be unreasonably withheld, conditioned or delayed).
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Related to Retained Split Deposit

  • Direct Deposit means an order for electronic transfer of a refund into a taxpayer’s financial institution account.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.