Deposit Limit definition

Deposit Limit means an amount equal to three times the Initial Annual Deposit specified in the Contract Data after deducting Rider Premiums, if any. Repayments to this contract in accordance with the Withdrawal Privilege shall not be affected by the Deposit Limit.
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Deposit Limit means the maximum dollar amount of a daily deposit of collected and uncollected Original Checks and Substitute Checks as determined from time to time by Bank and communicated to Customer.
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Examples of Deposit Limit in a sentence

  • Notwithstanding the foregoing, no Participant shall be permitted to make After Tax Deposits to the Plan during any Plan Year in excess of the Actual Contribution Percentage test limitation set forth in Section 6.11 or the Annual Addition limitation set forth in Section 13.1 and the Committee may, in its discretion, establish an "After Tax Deposit Limit" for a Plan Year.

  • Notwithstanding the amount of the Participant's Before Tax Deposits under the Plan for such preceding calendar year, the Committee shall treat the amount specified by the Participant in his or her claim as a Before Tax Deposit in excess of the Before Tax Deposit Limit (after application of any necessary adjustment) for such calendar year and return it to the Participant in accordance with Section 4.4(a) above.

  • The Borrower and its Domestic Subsidiaries shall maintain all of its deposits of cash and cash equivalents (collectively, "Cash Deposits") with one or more of the Banks, and shall not permit Cash Deposits to exceed at any time an aggregate amount equal to $5,000,000 (the "Cash Deposit Limit"), and if and to the extent at any time the aggregate amount of Cash Deposits exceeds the Cash Deposit Limit, the amount of the excess shall be subject to mandatory prepayment pursuant to Section 2.10(i).

  • Notwithstanding the amount of the Participant’s Before Tax Deposits under the Plan for such preceding calendar year, the Committee shall treat the amount specified by the Participant in his or her claim as a Before Tax Deposit in excess of the Before Tax Deposit Limit (after application of any necessary adjustment) for such calendar year and return it to the Participant in accordance with Section 4.4(a) above.

Related to Deposit Limit

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • 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.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

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

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

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

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

  • 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).

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

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • 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.

  • Deposit-type contract means contracts that do not incorporate mortality or morbidity risks and as may be specified in the valuation manual.

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

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

  • Assumed Deposits means Deposits.

  • Deposit Taker shall have the meaning assigned to it in the Pledge Agreement.

  • 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.

  • the Deposit means 10% of the Purchase Price;

  • 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.

  • 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.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC