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).
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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.
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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 an amount, and under the 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, any Indebtedness which would otherwise be considered Outstanding. The trustee of such deposit may be the Master Trustee or any other trustee authorized to act in such capacity.
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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".

  • In making the Irrevocable Deposit, the Company shall use only the funds placed in the separate account described in the last sentence of Section 7.20(b).

  • The Company shall comply with all applicable terms of the Company Redeemable Preferred Stock in connection with such redemption, and funds necessary for redemption (including an amount in cash in respect of all dividends that will accumulate to the redemption date) shall be irrevocably deposited by the Company in trust for the equal and ratable benefit for the holders of the shares to be redeemed (the "Irrevocable Deposit").

  • The price and payment schedule for the System is as follows: Irrevocable Deposit $10,000 Closing Date Irrevocable Deposit $ 170,000 60 days from Closing Date Irrevocable Deposit $ 170,000 90 days from Closing Date Balance $ 300,000 Upon shipment by the Company of the System to Imex Any amounts payable by Imex hereunder which remain unpaid after the due date shall be subject to a late charge equal to 1% per month from the due date until such amount is paid.

  • Section 7.13(a) Irrevocable Deposit.......................................................................

  • Section 7.13(a) Irrevocable Deposit.........................................

  • This donation shall be irrevocable, and shall be accomplished by the unit member filing a “Certificated Sick Leave Catastrophic Bank Irrevocable Deposit Form.” The form shall clearly state that the sick leave days being donated are irrevocably given to the CSLB, and cannot be rescinded for any reason.


More Definitions of Irrevocable Deposit

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.
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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.
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Irrevocable Deposit has the meaning set forth in the Master Indenture.
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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
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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.
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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
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Related to Irrevocable Deposit

  • 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.