Sterling Deposit definition

Sterling Deposit means the amount of $50,000.00 on deposit in that certain account denominated XXXXX XXXXXXXX, held at STERLING COMMODITIES INC.
Sample 1

Examples of Sterling Deposit in a sentence

  • Sterling Notes offered and sold in reliance on Regulation S shall be issued initially in the form of a Sterling Regulation S Global Note, which shall be deposited on behalf of the purchasers of the Sterling Notes represented thereby pursuant to the Sterling Deposit Agreement, duly executed by the Company and authenticated by the Trustee as hereinafter provided.

  • Each of Optionable and OPEX hereby agrees that all title to and rights and interest in the Sterling Deposit and the account which holds the Sterling Deposit belongs solely to XxXxxxxx, and each of Optionable and OPEX disclaims any interest whatsoever in the Sterling Deposit and such account and shall take all actions and execute and deliver such instruments and documents, in each case, as may be reasonably necessary to evidence such lack of interest.

  • Sterling Unrestricted Global Notes shall be issued in accordance with Section 2.7 (b)(iii), 2.7(d)(ii), 2.7(d)(iii) and 2.7(f) and shall be deposited pursuant to the Sterling Deposit Agreement, duly executed by the Company and authenticated by the Trustee as hereinafter provided.

  • Sterling Notes offered and sold to QIBs in reliance on Rule 144A shall be issued initially in the form of a Sterling 144A Global Note, which shall be deposited on behalf of the purchasers of the Sterling Notes represented thereby pursuant to the Sterling Deposit Agreement, duly executed by the Company and authenticated by the Trustee as hereinafter provided.

  • MMIA$20.5B 41% Customer CDs$5.9B 12% Other interest-bearing deposits$2.0B 4%Noninterest-bearing deposits$21.5B 43% Large Proportion of Noninterest-bearing Deposits1 45.1 47.8 48.3 48.7 49.9 49.4 50.0 0.33 0.29 0.26 0.25 0.24 3Q11 4Q11 1Q12 2Q12 3Q12 2Q12 3Q12 Sterling Deposit Rates Average Balances Period-end Deposit Costs Decline as Deposits Grow ($ in B) Strong Credit Quality $ in millions.

Related to Sterling Deposit

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

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • 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.

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

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

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50, and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • 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.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

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

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

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

  • Escrow Deposit has the meaning set forth in Section 3.3.

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

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,653,198.45.

  • 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.

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

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

  • 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.

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

  • 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.

  • 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.

  • 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 [*];

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.