Deposit Balances Sample Clauses

Deposit Balances. Maintain, and cause the Guarantors to maintain, their respective primary operating, payroll and investment deposit account balances with the Bank One, Colorado, N.A. or its Affiliates, except for accounts maintained in locations where the Agent and its Affiliates have no bank.
Sample 1Sample 2
AutoNDA by SimpleDocs
Deposit Balances. As additional security for the payment, performance and discharge of the Obligations, the Borrower hereby pledges to the Bank, grants the Bank a security interest in, and gives to the Bank a first priority lien upon and a right of set-off against, all deposit balances now or hereafter arising in any of its accounts with the Bank and all property and securities of every kind and nature which have been or at any time shall be delivered to the Bank or otherwise come into the Bank's possession, custody or control for any purpose whatsoever, whether or not for the express purpose of being used by the Bank as collateral security or for safekeeping or for any other or different purpose, or which shall be in transit to the Bank or set apart for or on behalf of the Bank, in any way, by the Borrower or for its account, or in which the Borrower may have any interest, whether the Bank shall accept the same for the purpose for which delivered or not, and any and all cash and non-cash proceeds of said property and securities and every part thereof, with the right of the Bank, in its discretion, to resort first to any part of said security without exhausting its rights against any other collateral or source of payment.
Sample 1
Deposit Balances. Maintain at Bank all material operating and investment accounts of Borrower and the Subsidiaries, including treasury management services.
Sample 1
Deposit Balances. 63 (k) Interest Rate Protection................................................64 (l) Surveys.................................................................64 (m) Audit of Accounts Receivable and Inventory...............................................................64 (n) Acquisition of Tucson Real Property.....................................65 (o) AlliedSignal Acquisition Agreements.....................................65 (p) Greeley Phase I Environmental Assessment................................66 (q) Further Assurances......................................................66 SECTION 5.2 Negative Covenants..............................................................66 (a)
Sample 1
Deposit Balances. 31 Miscellaneous -------------
Sample 1
Deposit Balances. Borrowers shall maintain a daily balance of at least Fifteen Million Dollars ($15,000,000) in the Key Deposit Account at all times during the period from the Closing Date through December 31, 2009.
Sample 1
Deposit Balances. 52 (k) INTEREST RATE PROTECTION. . . . . . . . . . . . . . . 52 (l) SURVEYS . . . . . . . . . . . . . . . . . . . . . . . 52 (m) AUDIT OF ACCOUNTS RECEIVABLE AND INVENTORY . . . . . . . . . . . . . . . . . . . . . . 52 (n)
Sample 1
AutoNDA by SimpleDocs
Deposit Balances. Maintain, and cause the Guarantors to maintain, their respective primary operating, payroll and investment deposit account balances with the Agent or its Affiliates, except for accounts maintained in locations where the Agent and its Affiliates have no bank.
Sample 1

Related to Deposit Balances

  • Credit Balances No interest or other amount will be paid by the Custodian on any credit balance on an Allocated Account.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Cash Balances The Equipment Growth Funds of which FSI is the sole general partner shall maintain aggregate unrestricted cash balances of $8,500,000.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Reserve Account Withdrawal If the Series 2003-5 Letter of Credit Amount will be less than the Principal Deficit Amount on any Distribution Date, then, prior to 12:00 noon (New York City time) on the second Business Day prior to such Distribution Date, the Administrator shall instruct the Trustee in writing to withdraw from the Series 2003-5 Reserve Account, an amount equal to the lesser of (x) the Series 2003-5 Available Reserve Account Amount and (y) the amount by which the Principal Deficit Amount exceeds the amounts to be deposited in the Series 2003-5 Distribution Account in accordance with clauses (i) and (ii) of this Section 2.5(d) and deposit it in the Series 2003-5 Distribution Account on such Distribution Date.

  • Book Capital Accounts The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Interest Bearing Deposits Upon receipt of Proper Instructions directing the Custodian to purchase interest bearing fixed term and call deposits (hereinafter referred to collectively, as "Interest Bearing Deposits") for the account of the Fund, the Custodian shall purchase such Interest Bearing Deposits in the name of the Fund with such banks or trust companies (including the Custodian, any Subcustodian or any subsidiary or affiliate of the Custodian) (hereinafter referred to as "Banking Institutions") and in such amounts as the Fund may direct pursuant to Proper Instructions. Such Interest Bearing Deposits may be denominated in U.S. Dollars or other currencies, as the Fund may determine and direct pursuant to Proper Instructions. The Custodian shall include in its records with respect to the Assets of the Fund appropriate notation as to the amount and currency of each such Interest Bearing Deposit, the accepting Banking Institution and all other appropriate details, and shall retain such forms of advice or receipt evidencing such account, if any, as may be forwarded to the Custodian by the Banking Institution. The responsibilities of the Custodian to the Fund for Interest Bearing Deposits accepted on the Custodian's books in the United States shall be that of a U.S. bank for a similar deposit. With respect to Interest Bearing Deposits other than those accepted on the Custodian's books, (a) the Custodian shall be responsible for the collection of income as set forth in Section 2.15 and the transmission of cash and instructions to and from such accounts; and (b) the Custodian shall have no duty with respect to the selection of the Banking Institution or, so long as the Custodian acts in accordance with Proper Instructions and the terms and conditions of this Agreement, for the failure of such Banking Institution to pay upon demand. Upon receipt of Proper Instructions, the Custodian shall take such reasonable actions as the Fund deems necessary or appropriate to cause each such Interest Bearing Deposit account to be insured to the maximum extent possible by all applicable deposit insurers including, without limitation, the Federal Deposit Insurance Corporation.

Time is Money Join Law Insider Premium to draft better contracts faster.