SID Deposit definition

SID Deposit means one of the types of investment which the Bank makes available from time to time as a Structured Investment Deposit in accordance with the relevant terms hereof (including without limitation a CPI Deposit).
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Examples of SID Deposit in a sentence

  • Once funds have been received for the purposes of making a SID Deposit, they may not be withdrawn except in accordance herewith.

  • The Redemption Amount in respect of a SID Deposit will be calculated in accordance with the terms of the relevant Appendix and will be payable on the SID Maturity Date or such other day or days as specified in the relevant Appendix.

  • Where Interest Rate on a SID Deposit is calculated by reference to HIBOR, LIBOR or other reference rate (as such terms may be defined in the relevant Appendix) and the rate is not available for whatever reason, it will be conclusively determined by the Bank in good faith and in a commercially reasonable manner.

  • The Customer must be prepared to risk the interest that the Customer might otherwise have earned on money invested on a deposit and, in the case of a SID Deposit which is not 100% capital protected, the principal amount of the SID Deposit to the extent not so protected.

  • Interest on a SID Deposit in respect of any SID Deposit Period, if stated to be payable in the relevant Appendix, will be calculated in accordance with the terms of the relevant Appendix setting out the structure selected by the Customer from those made available by the Bank from time to time, and will be payable on the SID Maturity Date of the Deposit or at such other time or times as specified in the relevant Appendix.

  • It will be affected by a number of variables such as interest rates, currency exchange rates, market volatility and dividend/coupon yield and will therefore change for each SID Deposit Period.

  • Such fees will not apply in respect of a specific SID Deposit already placed with the Bank during the term of that SID Deposit.

  • In the event of such non-acceptance, the Bank will notify the Customer as soon as practicable and any funds received but not accepted as a SID Deposit will be placed in the Disposal Account.

  • Return and Redemption Amount4.1 Interest may not be paid on a SID Deposit at a predetermined rate.

  • Subject to the terms hereof, the Reserved Amount shall on the SID Deposit Date be placed as a SID Deposit.

Related to SID Deposit

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Fund Deposit With respect to the Reserve Fund, an amount equal to $5,000, which the Depositor shall initially deposit into the Reserve Fund pursuant to Section 3.21 hereof.

  • Demand deposit means a deposit received by the bank, which is withdrawable on demand;

  • the Deposit means 10% of the Purchase Price;

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Controlled Deposit Amount means, for any Distribution Date with respect to the Controlled Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Distribution Date and any Deficit Controlled Accumulation Amount for the immediately preceding Distribution Date.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Sums on deposit means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.

  • Initial Reserve Account Deposit means $3,000,000.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “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.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).