Time Deposit Sample Clauses

Time Deposit. 1. The Accountholder can use any Enrolled Account as a source account for the time deposit placement. The Accountholder may use the selected source Enrolled Account or a different account as the settlement account where the time deposit’s principal amount and interest earned, if any, will be credited. 2. A time deposit placed through the Facility may only be closed, renewed, or terminated through the Facility. 3. For each renewal of the time deposit placement, the prevailing interest rate at the time of renewal, as determined solely by SBA, will be applied. 4. Time deposits which are terminated prior to maturity date shall earn interest according to the following rates: • If the pre-termination occurs during the first half of the term, the interest rate shall be 25% of the stipulated rate. • If the termination occurs during the second half of the term, the interest rate shall be 50% of the stipulated rate. 5. All applicable taxes, fees, and/or charges (including pre- termination charges) on the time deposit shall be for the account of the Accountholder. 6. SBA shall not issue a Certificate of Time Deposit (CTD) for time deposits placed through the Facility.

Time Deposit. Maintain a twelve (12) month, annually renewable time deposit with Lender in the minimum principal amount of TWO MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($2,500,000.00) at all times.

Time Deposit 

Time Deposit. Interest shall be calculated based on actual days lapsed of the deposit term and the Bank’s board interest rate at the time of deposit. The interest shall be paid on the next banking day if original payment days are holidays. The Customer may request the interest to be paid on a monthly basis or upon maturity.

Time Deposit. Time Deposit Accounts shall be subject to a minimum deposit in such amount as may be determined by the Bank, depending on the length of time that the deposit will be held. The TD shall be covered by a Certificate of Time Deposit (CTD) or passbook, which shall serve as proof of deposit. The CTD/passbook is not a negotiable instrument.

Time Deposit funds which are blocked for a certain period against a fixed interest rate.

Time Deposit cash in PLN or in FX Currency deposited for a fixed period of time in the Time Deposit Amount for a given currency, and at a given interest rate;

Time Deposit. Interest for the period of one (1) or more full months shall be calculated on a monthly basis by multiplying the principal by the annual interest rate and then by the actual number of months elapsed and dividing the product by twelve (12); interest for the period shorter than one month shall be calculated on a daily basis by multiplying the principal by the annual interest rate and then by the actual number of days elapsed and dividing the product by three hundred and sixty (360).

Time Deposit. On or prior to the 180th day after the Closing Date, InfraSource shall pay to the Sellers in accordance with Section 11.4 an aggregate amount equal to the amount the Company has on deposit with Compass Bank in Time Deposit No. 1003284251 as of the Closing Date. The Company shall deduct and withhold from any cash amounts otherwise payable to the Sellers pursuant to this Agreement any amounts required to be deducted and withheld with respect to the payment pursuant to this Section 6.17 under the Code or any applicable provision of state or local Tax Law and pay over such amounts to the applicable taxing authorities. To the extent that amounts are so withheld and paid over to the applicable taxing authorities, such amounts shall be treated for all purposes as having been paid to the Sellers in respect of whose consideration such withholding was made. The payment pursuant to this Section 6.17 is in respect of the stock of the Company owned by the Sellers.