Definition of Term Deposit

  1. Term Deposit means, as of any date of determination in respect of any Term Institution, the amount deposited by such Term Institution into such Term Institution's Term Account pursuant to Section 2.12 hereof minus any Term Increase made by such Term Institution plus any repayments or prepayments in respect of the Aggregate Purchaser Funded Amount that are deposited into such Term Account in accordance with Section 2.12 hereof.

Examples of Term Deposit in a sentence

  1. (e) Interest shall accrue on the Term Deposit for each Interest Period at the Term Deposit Rate ("Term Interest") and the Issuer shall pay Term Interest on each Payment Date on the Term Deposit to the applicable Term Institutions, in accordance with Section 2.6 of this Agreement and Section 5.2 of the Indenture.

Definition of Term Deposit in Agreement

Term Deposit means, as of any date of determination in respect of any Term Institution, the amount deposited by such Term Institution into such Term Institution's Term Account pursuant to Section 2.12 hereof minus any Term Increase made by such Term Institution plus any repayments or prepayments in respect of the Aggregate Purchaser Funded Amount that are deposited into such Term Account in accordance with Section 2.12 hereof.