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7 <br />Company’s Account(s). Bank may continue to recognize an Authorized <br />Signer’s authority until Bank has received and had a reasonable time to act <br />upon Company’s written modification or revocation of it. <br /> <br />Business Day. <br />A “Business Day” is every day except Saturdays, Sundays and federal holidays. <br /> <br />Collected Balance. <br />The “Collected Balance” is the Ledger Balance in Company’s Account less <br />Deposit Float. <br /> <br />Commercial Deposit Account. <br />A “Commercial Deposit Account” is any deposit account, other than one of <br />Bank’s business deposit accounts, that is not held or maintained primarily <br />for personal, family or household purposes. Examples of commercial deposit <br />accounts include an account owned by an individual acting as a sole <br />proprietor, a partnership, a limited partnership, a limited liability <br />partnership, a limited liability company, a corporation, a joint venture, a <br />non-profit corporation, an employee benefit plan or a governmental unit <br />including an Indian tribal entity. <br /> <br />Deposit Float. <br />“Deposit Float” is the total dollar amount of Items deposited in Company’s <br />Account for which, based on the collection schedule used by Bank or the <br />applicable Affiliate for this type of account, Company’s Account has not yet <br />been credited for purposes of calculating the Collected Balance. <br /> <br />Deposited Item. <br />A “Deposited Item” is an Item (including a non-U.S. Item) that Bank cashes <br />or collects for Company or accepts for deposit to Company’s Account. <br /> <br />Investable Balance. <br />The “Investable Balance” is the Collected Balance in Company’s Account <br />less (i) the portion of such Collected Balance that Bank is required by law to <br />hold in reserve at a Federal Reserve Bank and (ii) other adjustments. <br /> <br />Item. <br /> <br />An “Item” is an order, instruction, or authorization to withdraw or pay <br />funds from Company’s Account. Examples include checks and <br />electronic transactions including Automated Clearing House (ACH) <br />and wire transfers. <br /> <br />6.1.D. - Page 49