Seller Deposits definition

Seller Deposits means, with respect to any Debtor, the actual aggregate amount held by such Debtor in the form of money market accounts (Tagesgeldkonten), savings certificates (Sparbriefe), savings accounts (Sparkonten), current accounts (Girokonten) and/or credit cards (Kreditkarten) with the Seller at the relevant time.
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Seller Deposits means, with respect to any Debtor, the actual aggregate amount in excess of EUR 100,000 held by such Debtor in the form of money market accounts (Tagesgeldkonten), savings certificates (Sparbriefe), savings accounts (Sparkonten), current accounts (Girokonten) and/or credit cards (Kreditkarten) with the Seller at the relevant time. Issuer's Sources of Income The following amounts will be used by the Issuer to pay interest on andprincipal of the Notes and to pay any amounts due to the other creditors of the Issuer: (i) all payments of principal and interest and certain other payments and any Deemed Collections received under or with respect to the Purchased Receivables pursuant to the Receivables Purchase Agreement and/or the Servicing Agreement, (ii) all amounts received under the Interest Rate Swap, (iii) all amounts of interest earned on the euro denominated interest bearing transaction account of the Issuer (the "Transaction Account"), (iv) all amounts standing to the credit of the Transaction Account which represent the credit standing to the Reserve Fund, (v) all amounts standing to the credit of the Commingling Reserve Account (except interest earned on such amounts), (vi) all amounts standing to the credit of the Set-Off Reserve Account (except interest earned on such amounts), (vii) all amounts standing to the credit of the Purchase Shortfall Account, (viii) all amounts standing to the credit of the Set-Off Reserve Account (except interest earned on such amounts); (ix) all amounts paid by any third Available Distribution Amountparty as purchase price for Defaulted Receivables and (x) all other amounts which constitute the Available Distribution Amount and which have not been mentioned in (i) to (ix) above.
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Seller Deposits means, with respect to any Debtor, the actual aggregate amount in excess of EUR 100,000 held by such Debtor in the form of money market accounts (Tagesgeldkonten), savings certificates (Sparbriefe), savings accounts (Sparkonten), current accounts (Girokonten) and/or credit cards (Kreditkarten) with the Seller at the relevant time. The amounts, if any, standing to the credit of the Set-Off Reserve Account shall be included in the Available Distribution Amount and shall be applied on any Payment Date in accordance with the Pre- Enforcement Priority of Payments (but excluding any fees and other amounts due to the Servicer under item fifth of the Pre-Enforcement Priority of Payments) if and to the extent (i) any amounts that would otherwise have to be transferred to the Issuer as Deemed Collections within the meaning of item (B)(i) of the definition of Deemed Collections for the Collection Period ending on the relevant Cut-Off Date were not received by the Seller as a result of any of the actions described in item (B)(i) of the definition of Deemed Collections, and (ii) the Issuer does not have a right of set-off against the Seller with respect to such amounts on the relevant Payment Date. On any Payment Date following the occurrence of a Set-Off Reserve Trigger Event, the Purchaser shall pay to the Seller, in accordance with the Pre- Enforcement Priority of Payments (i) any fees owed by the Purchaser to the Seller in accordance with a separate fee letter between the Seller and the Purchaser and (ii) the Set-Off Reserve Excess Amount, using the balance credited to the Set-Off Reserve Account.
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Examples of Seller Deposits in a sentence

  • Witnesses: Executed by Buyer on: Buyer Buyer Executed by Seller on: Seller Seller Deposit(s) under II (a) received; if check, subject to clearance, and terms hereof are accepted.


More Definitions of Seller Deposits

Seller Deposits means all deposits to the extent made by Seller exclusively in connection with the Business, and any claim, remedy or other right related to any of the foregoing.
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Seller Deposits has the meaning set forth in Section 16 hereof.
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Seller Deposits has the meaning set forth in Section 1.7(c).
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Related to Seller Deposits

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Assumed Deposits means Deposits.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Imposition Deposits are defined in Section 7(a).

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • Indemnity Escrow Amount means $5,000,000.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Seller’s Interest means, at any time, a “seller’s interest” as defined in, and calculated in accordance with, Regulation RR.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Seller Expenses has the meaning set forth in Section 11.1.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.