TD Account definition

TD Account means account #11040302499 maintained in the name of Seller at The Toronto-Dominion Bank.
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TD Account means Borrower’s deposit account maintained with the Toronto Dominion Bank (a/k/a TD Bank), which daily account balance shall not exceed (a) $500,000 between the Closing Date and 60 days from the Closing Date (the “First Period”), (b) $250,000 after the First Period until 30 days from the expiration of the First Period (the “Second Period”) and (c) any additional amounts paid into such deposit account by Borrower’s customers after the Second Period until 90 days from the expiration of the Second Period (the “Third Period”).
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TD Account means account #11040302499 maintained in the name of ▇▇▇▇▇▇ Broadcasting Systems Inc. at The Toronto-Dominion Bank. “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Rate” means with respect to any Tranche Period, the interest rate per annum equal to the Term SOFR Reference Rate for a tenor comparable to such Tranche Period, as such rate is published by the Term SOFR Administrator on the day (the “Term SOFR Determination Date”) that is two (2) Business Days prior to the first day of such Tranche Period; provided, however, that with respect to the initial Tranche Period for the Capital of an Investment made on a date that is not a Monthly Settlement Date, the Term SOFR Rate shall be the interest rate per annum equal to Daily 1M SOFR for each day during such initial Tranche Period from the date that such Investment is made pursuant to Section 2.01 until the next occurring Monthly Settlement Date. If the Term SOFR Reference Rate for the applicable tenor has not been published or replaced with a Benchmark Replacement by 5:00 p.m. (New York City time) on the Term SOFR Determination Date, then the Term SOFR Reference Rate, for purposes of clause (A) in the preceding sentence, shall be the Term SOFR Reference Rate for such tenor on the first Business Day preceding such Term SOFR Determination Date for which such Term SOFR Reference Rate for such tenor was published in accordance herewith, so long as such first preceding Business Day is not more than three (3) Business Days prior to such Term SOFR Determination Date. If the Term SOFR Rate, determined as provided above, would be less than the SOFR Floor, then the Term SOFR Rate shall be deemed to be the SOFR Floor. The Term SOFR Rate shall be adjusted
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Examples of TD Account in a sentence

  • If you elect to withdraw interest during the term of the TD Account, the APY you receive will be lower than the stated APY.

  • Please call by the end of the Grace Period if you would not like to renew your TD Account.

  • Interest begins to accrue on the Business Day that we receive the TD Account funding deposit.

  • If the TD Account is closed before interest is credited, accrued interest will be paid through the last full day before the day the TD Account is closed.

  • If such TD Account term is no longer available, the renewal term and rate of interest will be for the next shortest TD Account term that we offer at that time.

  • This method applies a daily periodic rate to the principal and interest that has accrued in the TD Account each day.

  • There is a ten (10) day grace period (the “Grace Period”) beginning on the day after the maturity date (maturity date plus ten (10) days), in which you may withdraw all or a portion of your principal without penalty or renew your TD Account with the same or a different term.

  • WebBank does not permit partial withdrawals of your principal balance in your TD Account at any time prior to the maturity date.

  • In general, a TD Account that has not reached initial maturity will not be considered inactive.

  • We reserve the right not to renew your TD Account if we send written notice of non-renewal to your address of record with the Bank at least thirty (30) days before the date your TD Account will mature.


More Definitions of TD Account

TD Account means account #11040302499 maintained in the name of SellerTurner Broadcasting Systems Inc. at The Toronto-Dominion Bank. “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Rate” means with respect to any Tranche Period, the interest rate per annum equal to the Term SOFR Reference Rate for a tenor comparable to such Tranche Period, as such rate is published by the Term SOFR Administrator on the day (the “Term SOFR Determination Date”) that is two (2) Business Days prior to the first day of such Tranche Period; provided,
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