Rollover Deposit definition

Rollover Deposit means that upon the expiry of the Deposit Period the Bank—in accordance with the Customer’s instructions given in the Deposit Order—either automatically sets aside the Deposit once again, plus interests, in the Deposit Account for a period identical with the Deposit Period, or automatically sets aside the Deposit once again in the Deposit Account for a period identical with the Deposit Period, and credits the interests to the Customer’s retail bank account.
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Rollover Deposit means several (two to thirty) consecutive Deposits of the same principal and interest rate, with each such Deposit being due on the first Working Day following the Initial Value Date of each Deposit.
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Examples of Rollover Deposit in a sentence

  • The Initial Rollover Deposit and such other amounts so deposited shall hereinafter be referred to as the "Rollover Reserve Fund" and the account to which such amounts are held shall hereinafter be referred to as the "Rollover Reserve Account".

  • Notwithstanding anything to contrary contained herein, upon the occurrence and during the continuance of a Major Tenant Trigger Period, Borrower shall commence making monthly deposits to the Rollover Account on each Payment Date in an amount equal to the Monthly Rollover Deposit until such time as no Major Tenant Trigger Period exists, notwithstanding the balance of available funds in the Rollover Account may exceed the Rollover Cap Amount.

  • This Agreement is entered into by and between the Fund and the undersigned party as Subscriber (the “Subscriber”), effective as of the date set forth above the Manager's signature on the Acceptance of Subscription page of this Agreement.

  • If at any time thereafter the Major Tenant Rollover Funds shall be less than the Major Tenant Rollover Funds Cap, Borrower shall recommence and continue making the Monthly Major Tenant Rollover Deposit until the amount of the Major Tenant Rollover Funds equals the Major Tenant Rollover Funds Cap.

  • Upon reaching the Major Tenant Rollover Funds Cap, Borrower may cease making the Monthly Major Tenant Rollover Deposit.

  • A Rollover Deposit shall be credited to the Rollover Deposits Account.

  • Lender shall make disbursements from the Rollover Reserve Fund for tenant improvement and leasing commission obligations incurred by Borrower, provided that the Initial Rollover Deposit shall be used solely for new leases acceptable to Lender for the 103,470 square feet of St. Paul Fire and Marine space that is currently master leased to Rice Pa▇▇ ▇ssociates, LLC (the "ST.

  • If Borrower has delivered to Lender a Letter of Credit in lieu of depositing the Outstanding Rollover Deposit, Borrower shall be responsible for paying directly all Outstanding Approved Leasing Expense subject to and in accordance with this Agreement.

  • In the event Verizon does not take possession of the Verizon Expansion Space by March 1, 2005, the Initial Rollover Deposit shall be held and disbursed in accordance with SECTION 7.4.2 for tenant improvement and leasing commission obligations incurred with respect to the re-leasing of the Verizon Expansion Space only; provided, however, that any remaining portion of the Initial Rollover Deposit after payment of such obligations shall thereafter be deemed a part of the Rollover Reserve Fund generally.

  • So long as the Rollover Funds in the Rollover Account are equal to the Rollover Cap, Borrower shall not be required to make the Monthly Rollover Deposit; provided, however, Borrower shall resume making Monthly Rollover Deposits to the extent that any release of Rollover Funds in accordance with Section 6.6.2 below causes the Rollover Funds in the Rollover Account to fall below the Rollover Cap.