Approved Institution Sample Clauses
The 'Approved Institution' clause defines which financial institutions or entities are recognized and permitted to perform certain roles or hold specific assets under the agreement. Typically, this clause outlines criteria such as regulatory status, credit rating, or jurisdiction that an institution must meet to be considered 'approved.' For example, it may require that only banks with a certain minimum credit rating or those licensed in a particular country can act as custodians or depositories. The core function of this clause is to ensure that only reliable and reputable institutions are entrusted with important responsibilities, thereby reducing counterparty risk and safeguarding the interests of the parties involved.
Approved Institution. See the definition of "Cash Equivalents". Assignment and Acceptance. See Article XII.
Approved Institution. The Financial Institution agrees to maintain IOLTA Accounts which meet the Characteristics and other requirements set forth in amended Rule 1.15 to qualify as an “Approved Institution” eligible to offer IOLTA accounts, including the provisions for interest rate comparability, reporting, payment, services charges and any other requirements. The Financial Institution shall respond to all requests for information from the Oklahoma Bar Foundation as to interest rates or dividends paid to its non- IOLTA customers, and to other requests for information that the Foundation may make in determining the Financial Institution’s eligibility to be certified as an Approved Institution.
Approved Institution the host institution with whom the Approved User is affiliated for the purpose of the research project outlined in the Data and Biosample Access Application Form.