Time Deposit Accounts Sample Clauses

Time Deposit Accounts. 2.5.1. Time Deposit Account refers to any account in which any principal amount specified by the Bank not to be less than the limit announced by the Bank is deposited and on which interest is accrued by the Bank on a maturity date and at an interest rate specified before by the Bank. In case of withdrawal of any sum from the deposit accounts, the Bank shall be free to accrue or not to accrue interest on the amount withdrawn and/or balance of the account or if accrues any interest, to apply the interest rate that is applicable for the Deposit Accounts as per the related laws and regulations and to determine different rates of interests at the time of withdrawal and based on the withdrawn amount. The Bank is also entitled not to open Time Deposit Account for amounts less than the specified limit. 2.5.2. The Bank may apply variable interest rate to the time deposit accounts with maturities longer than 6 (six) months within the related laws and regulations. 2.5.3. In time deposit accounts, the interest rates to be applied which shall not be exceeded the maximum rates and amounts to be determined according to the pertinent articles of the Banking Law and depending on the type and kind of account shall be announced by the Bank and such interest rates may not be changed until the end of their maturity. 2.5.4. In time deposit accounts, in case the account is not closed until the close of business on the maturity date, it shall be deemed to have been renewed with a new maturity and the interest rate applicable to the Bank at the date of renewal if the end of new maturity coincides with a weekend holiday and a separate instruction is given for the postponement of this maturity to the next business day, with the same maturity if no instruction is given by the Customer in connection with the renewal of maturity, and over the interest rate valid as of the date of renewal.
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Time Deposit Accounts. 4.3.1 A time deposit account is the type of an account in which an interest over the principal, not less than the amount declared by the Bank, is accrued at the rate provided by the Bank at the end of a predetermined period. 4.3.2 The Bank shall announce the interest rate applicable to time deposit account, which shall not exceed the maximum interest rates determined by the Banking Law, the regulations of the CBRT and other applicable laws, and shall not amend the interest rate applicable until its maturity. 4.3.3 If the Customer requests to withdraw funds from the time deposit accounts prior to the maturity, the Bank, without prejudice to the obligations arising from the legislation, shall be entitled whether or not to accept this request, to accrue interest on the funds withdrawn and/or left in the account, to apply the interest applied for demand deposit accounts or any other interest rate deemed appropriate, to set different interest rates in terms of the ▇▇▇ e and/or amount withdrawn from the account. Model no : 914-00004 /08.21 / IT42 issued by HSBC Bank A.Ş. 4.3.4 Variable interest rate may be applied to time deposit accounts with a maturity of three (3) months or longer for TRY deposits and to those with a maturity of more than six (6) months in foreign currency deposits, in accordance with the applicable laws. 4.3.5 The said interests to accrue on time deposit accounts will be calculated on a daily basis over 365 (three hundred and sixty five) days, unless there is a specific regulation regarding the relevant type of account. However, in case of a leap year (once in every four years), the calculation shall be made over 366 (three hundred and sixty six) days. 4.3.6 The Bank reserves the right not to open a time deposit account for amounts below the minimum deposit amount announced by the Bank. For the time deposit accounts, if there is no instruction received from the Customer to transfer the principal and the accumulated interest to a specified demand deposit account on the day the term expires and the relevant time deposit account is not closed until the close of business on that day, then: (i) in the event that the new maturity date falls into a day that is not a Business Day and the Customer gives an instruction for the maturity to be postponed to the next Business Day, the time deposit account is deemed to have been renewed with a new maturity date and over the interest rate applicable by the Bank on the renewal date. (ii) in the event that th...
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Time Deposit Accounts. 2.5.1. Withdrawing funds in part or in full before the end of maturity determined between the Bank and the Client shall be subject to the Bank's permission. If funds are withdrawn from time deposit accounts before the maturity date, the Bank shall be authorized to determine whether interest will be accrued for the funds withdrawn and/or to be left in the account, if accrued, to apply the interest rate applicable to demand deposit accounts or any 2.5.2. In case of time deposit accounts, interest rates to be applied shall be announced according to the type of account in a manner not to exceed the maximum amounts and rates determined in accordance with the relevant articles of the Banking Law, and interest rates may not be amended until the end of maturity determined. 2.5.3. In case of time deposit accounts, if the account is not closed by the end of working hours on the maturity date, the account shall be renewed with the same maturity unless instructed otherwise by the Client. If the end of the new maturity falls on an official holiday, the account shall be renewed by extending the new maturity to the first business day following such date. The Bank's applicable interest rate shall apply to renewals. The account holder's right of claim from the Bank shall start on the date the maturity of the renewed account ends in both cases. 2.5.4. In case of time deposit accounts, interest is accrued at the end of maturity. If an agreement is reached with the Client in advance, the Bank may determine different periods for interest accrual. 2.5.5. If attachment annotation is placed on time deposit account and the attached balance is claimed, the account shall be closed without paying interest, partial payment shall be made, and such balance shall be transferred to the relevant institution. The Client agrees, declares and undertakes that he/she will not hold the Bank responsible in any manner whatsoever for foreign exchange losses that may arise from the transfer of attached amounts processed in Foreign Exchange Deposit Accounts.
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Time Deposit Accounts. If there is no customer-initiated activity on your CD account, it will be considered inactive for purposes of determining whether the property is deemed abandoned from the first maturity date. If your account is a traditional IRA account, the time period after which your account is considered inactive begins after you reach the age of 70½ and varies in length by state law. ▇▇▇▇ IRAs are never considered inactive. If your account is a ▇▇▇▇▇▇▇▇▇ Education Savings Account, the time period after which your account is considered inactive begins after you reach the age of 30 and varies in length by state law.
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Time Deposit Accounts. 2.5.1. Time Deposit Account refers to any account in which any principal amount specified by the Bank not to be less than the limit announced by the Bank is deposited and on which interest is accrued by the Bank on a maturity date and at an interest rate specified before by the Bank. In case of withdrawal of any sum from the deposit accounts before its maturity, the Bank shall be free to charge or not to charge interest on the amount withdrawn and/or balance of the account or if it charges any interest, to apply the interest rate that is applicable for the Deposit Accounts as per the related laws and regulations and to determine different rates of interests at the time of withdrawal and based on the withdrawn amount. The Bank is also entitled to open Time Deposit Account for amounts less than the specified limit. 2.5.2. The Bank may apply variable interest rate within the scope of the applicable relevant legislation for Turkish lira deposits with a maturity of 3 months or more and foreign currency deposits with a maturity of more than 6 months. 2.5.3. In time deposit accounts, the interest rates to be applied which shall not be exceeded the maximum rates and amounts to be determined according to the pertinent articles of the Banking Law and depending on the type and kind of account shall be announced by the Bank and such interest rates may not be changed until the end of their maturity. 2.5.4. In time deposit accounts, in case the account is not closed until the close of business on the maturity date, it shall be deemed to have been renewed with a new maturity and the interest rate applicable to the Bank at the date of renewal if the end of new maturity coincides with a weekend holiday and a separate instruction is given for the postponement of this maturity to the next business day, with the same maturity if no instruction is given by the Customer in connection with the renewal of maturity, and over the interest rate applicable by the Bank as of the date of renewal.
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Related to Time Deposit Accounts

  • Deposit Accounts As of the date hereof, no Pledgor has any Deposit Accounts other than Excluded Deposit Accounts and those accounts listed in Schedule 11 to the Perfection Certificate. The Administrative Agent has a security interest in each such Deposit Account (other than Excluded Deposit Accounts), which security interest, when required by Section 6.17 of the Credit Agreement, will be perfected by Control. No Pledgor shall hereafter establish and maintain any Deposit Account unless (1) it shall have given the Administrative Agent 10 days’ prior written notice of its intention to establish such new Deposit Account with a Bank and (2) such Bank and such Pledgor shall have duly executed and delivered to the Administrative Agent a Deposit Account Control Agreement with respect to such Deposit Account. The Administrative Agent agrees with each Pledgor that the Administrative Agent shall not give any instructions directing the disposition of funds from time to time credited to any Deposit Account or withhold any withdrawal rights from such Pledgor with respect to funds from time to time credited to any Deposit Account unless an Event of Default has occurred and is continuing, and notice shall have been given by the Administrative Agent to the Borrower of its intent to exercise such rights. Each Pledgor agrees that once the Administrative Agent sends an instruction or notice to a Bank exercising its Control over any Deposit Account (other than Excluded Deposit Accounts) (with a copy of such instruction or notice to the Borrower) such Pledgor shall not give any instructions or orders with respect to such Deposit Account including, without limitation, instructions for distribution or transfer of any funds in such Deposit Account. No Pledgor shall grant Control of any Deposit Account to any person other than the Administrative Agent and the Notes Collateral Agent.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.