Irrevocable Deposit definition

Irrevocable Deposit means, with respect to the Term Preferred Shares, the irrevocable deposit with the Redemption and Paying Agent of Deposit Securities or, with respect to other Preferred Shares, the irrevocable deposit with the paying agent for such other Preferred Shares of funds or securities (in accordance with the terms of such other Preferred Shares).
Irrevocable Deposit means the irrevocable deposit in trust of cash in an amount (or government obligations, the principal of and interest on which will be in an amount) and under terms sufficient to pay all or a specified portion of the principal of, premium, if any, and/or the interest on, as the same shall become due, any Indebtedness which would otherwise be considered outstanding. The trustee of such deposit shall have possession of any cash and securities (other than book-entry securities) and may be the Trustee or any other bank or trust company authorized to act in such capacity.
Irrevocable Deposit means the irrevocable deposit of Defeasance Obligations in trust with a bank with trust powers, all or a portion of the principal or interest of which is pledged to the payment of principal of or interest on Outstanding Debt.

Examples of Irrevocable Deposit in a sentence

  • This donation shall be irrevocable, and shall be accomplished by the employee filing a "Sick Leave Bank Irrevocable Deposit Form".

  • Irrevocable Deposit means the irrevocable deposit of money or Government Obligations in order to provide for the payment of all or a portion of the principal of, premium, if any, and interest on any 2014/2015 Bonds in accordance with, and meeting all the requirements of, Section 21.

  • As to any Debt with respect to which there has been made an Irrevocable Deposit, the actual principal of and interest on such Debt to be paid from such Irrevocable Deposit shall be excluded.

  • Irrevocable Deposit means the irrevocable deposit of money or Government Obligations in order to provide for the payment of all or a portion of the principal of, premium, if any, and interest on any 2007 Bonds in accordance with, and simultaneously meeting all the requirements of, Section 23.

  • Paid leave under these new laws must be made at the employee’s regular rate of pay.The law prohibits employers from discriminating against or retaliating against any employee who takes or requests paid COVID-19 vaccination leave, or otherwise exercises their rights under the law.Although the new law was effective immediately, it is silent as to any retroactive effect.

  • Irrevocable Deposit means the irrevocable deposit of money or Government Obligations in order to provide for the payment of all or a portion of the principal of, premium, if any, and interest on any 2018/2019 Bonds in accordance with, and meeting all the requirements of, Section 21.

  • Irrevocable Deposit means the irrevocable deposit of money or Government Obligations in order to provide for the payment of all or a portion of the principal of, premium, if any, and interest on any 2017/2018 Bonds in accordance with, and meeting all the requirements of, Section 21.

  • Margins and haircuts spike in times of large price drops leading to a general tightening of lending.

  • Irrevocable Deposit means the irrevocable deposit of money or Government Obligations in order to provide for the payment of all or a portion of the principal of, premium, if any, and interest on any 2020/2021 Bonds in accordance with, and meeting all the requirements of, Section 21.

  • The 1 Acquired Obligations shall bear such interest and mature as to principal and interest in such amounts and at such times that, together with any necessary beginning cash balance, will provide for the payment of:the interest on the Refunded Bonds as such becomes due on and before December 1,2000; and (2) the price of redemption of the Refunded Bonds (102%) on December 1,2000.(h) Irrevocable Deposit.


More Definitions of Irrevocable Deposit

Irrevocable Deposit means the irrevocable deposit in trust or in escrow of cash in an amount (or Defeasance Obligations the principal of and interest on which will be in an amount) and under terms sufficient to pay all or a portion of the principal of and interest on, as the same shall become due, any Indebtedness which would otherwise be considered Outstanding. The trustee of such deposit may be the Trustee or any other Person authorized to act in such capacity.
Irrevocable Deposit means the irrevocable deposit in trust, with any trustee or escrow agent authorized to act in such capacity, of cash in an amount (or Government Obligations the principal of and interest on which will be in an amount), and under terms sufficient to pay all or a portion of the principal of and/or premium, if any, and interest on, as the same shall become due, of any indebtedness of a Borrower which would otherwise be considered Outstanding.
Irrevocable Deposit means the irrevocable deposit in trust of cash or Federal Securities in an amount, and under terms sufficient to pay, all or a specified portion of the principal of, premium, if any, and/or interest on, any Bonds, any Parity Pledged Revenue Obligations, and/or any Parity Net Revenue Obligations as the same shall become due, which would otherwise be considered Outstanding. The trustee of such deposit shall have possession of any cash and securities (other than book-entry securities) and may be the Paying Agent or any other trustee authorized to act in such capacity.
Irrevocable Deposit means the irrevocable deposit in trust with the Trustee or another corporate fiduciary qualified to conduct trust business in the State, of money and/or Authorized Investments which are not subject to redemption at the option of the issuer thereof prior to their stated maturity, in an amount which shall be sufficient taking into consideration the scheduled payments of principal of and interest on the Authorized Investments initially deposited in trust for such purpose and without considering any reinvestment of the proceeds thereof, to provide for the payment of all or any portion of the principal of
Irrevocable Deposit has the meaning set forth in the Master Indenture.
Irrevocable Deposit means the irrevocable deposit in trust with a Trust Bank of cash in an amount (or United States Government Obligations the principal of and interest on which will be in an amount) and under terms sufficient to pay all or a specified portion, as the same shall become due, of the principal of, premium, if any, and interest on any Bonds which would otherwise be considered Outstanding.

Related to Irrevocable Deposit

  • Irrevocable Transfer Agent Instructions means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.

  • Irrevocable letter of credit means an irrevocable letter on the financial institution’s standard form containing a request that the party to whom it is addressed pay the bearer or a person named therein money as a result of failure to perform or fulfill all the covenants, undertakings, terms, conditions and agreements contained in a contract.

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

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

  • 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.

  • the Deposit means 10% of the Purchase Price;

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit B to be executed and delivered by the Borrower pursuant to Section 6.1.(a), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.

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

  • Irrevocable trust means a trust over which no person holds a power of revocation. A power holder's lack of capacity to exercise a power of revocation negates the power of revocation unless an agent of the power holder under a durable power of attorney, a conservator of the power holder, or a plenary guardian of the power holder is serving and the agent, conservator, or guardian is authorized to exercise the power of revocation.

  • Transfer Agent Instruction Letter means the letter from the Company to the Transfer Agent which instructs the Transfer Agent to issue Underlying Shares pursuant to the Transaction Documents, in the form of Exhibit B attached hereto.

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

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

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Irrevocable Proxy means the agreement appointing the Platform or an affiliate of the Platform as the sole and exclusive attorney and proxy of the Investor, with full power of substitution and re-substitution, to vote and exercise all voting and related rights with respect to all of the securities of the Company that now are or hereafter may be beneficially owned by Investor.

  • 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.

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

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

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

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

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

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • 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.

  • Transfer Agent Instructions means the Irrevocable Transfer Agent Instructions, in the form of Exhibit D, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.

  • Payment Instructions has the meaning set forth in Section 5.2(a) of the Loan Agreement.

  • 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.