Transferor Bank definition

Transferor Bank has the meaning ascribed thereto in clause 15.3;

Transferor Bank means [full name] of [lending office]; and

Transferor Bank means the selling Bank pursuant to an Assignment and Assumption Agreement.

Examples of Transferor Bank in a sentence

• Neither the Transferor Bank nor the Transferee Bank shall be liable to any person in any respect for any losses, costs, expenses, taxes, duties, claims or demands incurred by any customer as a direct or indirect consequence of any such transfer.

• If the Tender Deposit is paid by way of Bank Transfer and in the event that this tender is unsuccessful, the Lessor is hereby authorised to 5refund the amount of Tender Deposit paid by Bank Transfer to the Tenderer by Bank Transfer in Singapore currency to the bank account at the Transferor Bank as stated in paragraph 5 of this Form of Tender.

• If the Tender Deposit is paid by way of Bank Transfer and in the event that this tender is unsuccessful, the Lessor is hereby authorised to 5refund the amount of Tender Deposit paid by Bank Transfer to the Tenderer by Bank Transfer in Singapore currency to the bank account at the Transferor Bank as stated in paragraph 7 of this Form of Tender.

• The majority of the mortgage deeds relating to the Mortgage Receivables to be assigned to the CBC provide that the Mortgages created pursuant to such mortgage deeds, not only secure the loan granted to the Borrower for the purpose of acquiring the Mortgaged Assets, but also other liabilities and moneys that the Borrower, now or in the future, may owe to the relevant Transferor ("Bank Mortgages").

• If the Tender Deposit is paid by way of Bank Transfer and in the event that this tender is unsuccessful, the Lessor is hereby authorised to5refund the amount of Tender Deposit paid by Bank Transfer to the Tenderer by Bank Transfer in Singapore currency to the bank account at the Transferor Bank as stated in paragraph 7 of this Form of Tender.

More Definitions of Transferor Bank

Transferor Bank or “Transferor Lender” means the bank or financial institution with whom the Borrower is enjoying credit facility or to whom the Borrower is indebted under any credit facility, as on the date of submission of Application Form to USFB, and from whom USFB propose to take over.

Transferor Bank means ‘The Lakshmi Vilas Bank Ltd., a banking company having its Registered Office at Karur, Tamil Nadu’;

Transferor Bank has the meaning given to that term in Clause 27.3.

Transferor Bank means ‘the Punjab and Maharashtra Co-operative Bank Ltd.’, a Multi- State Scheduled Cooperative Bank having its Registered Office at Mumbai, Maharashtra;

Transferor Bank shall have the meaning ascribed to those expressions in clause 15.3.

Transferor Bank has the meaning ascribed thereto in clause 16.4 of the Credit Agreement;

Transferor Bank and “Transferee Bank” are defined in the Appendix to this Agreement.