Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;
Approved Financial Institution means a federal or state-chartered depository institution or trust company having a combined surplus and capital of at least $100,000,000 and further having (a) commercial paper, short-term debt obligations, or other short-term deposits that are rated at least “A-1” by S&P, if the deposits are to be held in the account for 30 days or less, or (b) having long-term unsecured debt obligations that are rated at least “AA” by S&P, if the deposits are to be held in the account more than 30 days. Notwithstanding the foregoing, if an account is held by an Approved Financial Institution, following a downgrade, withdrawal, qualification, or suspension of such institution’s rating, each account must promptly (and in any case within not more than 30 calendar days) be moved with written notice to the Indenture Trustee, to an Approved Financial Institution.
Approved Financial Institution means (a) any corporation or institution that is a member of the Canadian Payments Association (Payments Canada); (b) a corporation that accepts deposits that are insured by the Canada Deposit Insurance Corporation or the Régie del'assurance-dépôts du Québec to the maximum permitted by law; (c) a credit union as defined in paragraph 137(6) of the Income Tax Act; (d) a corporation that accepts deposits from the public, if repayment of the deposits is guaranteed by a Canadian province or territory; or (e)the Canada Post Corporation.
Examples of Approved Financial Institution in a sentence
Any such conversion shall be effected at a reasonable exchange rate determined by the Clearing House at its discretion or such Approved Financial Institution.
All cash transfers made by Clearing Members to or to the order of the Clearing House must be made from an account at an Approved Financial Institution, unless the Clearing House gives its prior written consent to another method being used.
Clearing Members are given notice that the Clearing House may suspend or terminate the status of an Approved Financial Institution or attach, amend or revoke conditions to the continued status of an Approved Financial Institution.
The term "Clearing House Account" means an account of the Clearing House at an Approved Financial Institution.
Pursuant to the Clearing Membership Agreement, each Clearing Member must at all times have in place a duly executed Third Party Authority Form in favour of each Approved Financial Institution used by it and in respect of each of its Nominated Bank Accounts.
More Definitions of Approved Financial Institution
Approved Financial Institution means a financial institution registered in Australia and operating as a bank, credit union or building society;
Approved Financial Institution means a financial institution licensed under the Financial Institutions Act or other financial institution subject to supervision acceptable to the Central Bank;
Approved Financial Institution means any bank or finance company licensed by the Authority or merchant bank approved by the Authority or any other commercial bank licensed in a foreign country;
Approved Financial Institution means a financial institution approved by the Commission in accordance with these Rules.
Approved Financial Institution means (i) A large Israeli commercial bank or an insurance company that has a license to engage in insurance under the Supervision of Financial Services (Insurance) Law, 5741-1981; or (ii) with respect to an Entity registered outside the State of Israel – an offshore commercial bank registered and incorporated in a country having diplomatic relations with the State that has an "A" level or equivalent credit rating according to one or more of Standard & Poor's Financial Services LLC, Xxxxx'x Investors Service and Fitch Ratings Inc., or such other reputable credit rating agency acceptable to the Company. Blueline The geographic boundaries of the Project, as specified under Annex B (The Services) to the Agreement. Business Day Shall mean a day (other than Friday or Saturday) on which banks are open for domestic business in the State of Israel. Claim Shall mean any claim, demand, allegation, petition, law suit or any other action involving legal proceedings of any kind. Company Shall have the meaning ascribed thereto in the preamble of the Agreement. Confidential Information Shall mean any information, details and documents including any idea, plan, invention or work in connection with the execution of the Agreement, the Project and the Services, whether in writing or orally or in any other manner, including a copy and / or reproduction and / or any summary and / or processing of the foregoing, in any media, which delivered or received by the LRT Consultant or any person on its behalf during the performance of the Agreement. Control Shall have the meaning ascribed thereto in Section 1 of the Securities Law, 1968, as may be amended from time to time.
Approved Financial Institution means a federal or state-chartered depository institution or trust company having a combined surplus and capital of at least one hundred million dollars ($100,000,000) and further having (a) commercial paper, short-term debt obligations, or other short-term deposits that are rated at least “A-1” by S&P or “P-1” by Moody’s , if the deposits are to be held in the account for thirty (30) days or less, or (b) having long-term unsecured debt obligations that are rated at least investment grade by S&P and Moody’s, if the deposits are to be held in the account more than thirty (30) days. Notwithstanding the foregoing, if an account is held by an Approved Financial Institution, following a downgrade, withdrawal, qualification, or suspension of such institution’s rating, each account must promptly (and in any case within not more than thirty (30) calendar days) be moved with written notice to the Buyer, to an Approved Financial Institution.