Depository Institution. The term ‘‘de- pository institution’’ has the same meaning as in section 3 of the Federal Deposit Insurance Act.
Depository Institution. “Depository institution” has the meaning set forth in §1.1471-1(b)(30).
Depository Institution an Entity that accepts deposits in the ordinary course of a banking or similar business.
Depository Institution. “Depository institution” means an entity described in §1.1471-5(e)(1)(i).
Depository Institution. Merchant authorizes its depository institution to grant Elavon and/or Member access to any and all information or records regarding the DDA. You hereby release Elavon and Member for any action they take against the DDA or Reserve Account pursuant to the Agreement.
Depository Institution. The Company, if the Company is a depository institution, has complied with the requirements of 12 U.S.C. § 1823(e), as amended from time to time, in connection with the authorization, execution, delivery, and retention of this Agreement and any commitment or loan document required to be issued or entered into by the Company under or in connection with this Agreement.
Depository Institution. Each Borrower shall designate Lender as such Borrower’s principal depository bank, including without limitation for the maintenance of business, cash management, operating and administrative deposit accounts unless otherwise agreed to by Lender in writing.
Depository Institution. This is the DI who has a funds account at a Federal Reserve Bank and a book-entry securities account on the National Book Entry System (NBES) to which securities will be delivered against payment on settlement day. TREASURY: This is the U.S. Department of the Treasury. BUREAU of the FISCAL SERVICE: This is the Wholesale Securities Services within the Bureau of the Fiscal Service, U.S. Department of the Treasury. BANK: This is the Federal Reserve Bank of New York, which acts as the fiscal agent of the U.S. Department of the Treasury. SIGNATURE FOR DI: This is the signature of an officer of the DI having authority to enter into or terminate this autocharge agreement.
Depository Institution. The Bank of New York Mellon Trust Company, N.A., in its capacity as depository bank under the Control Agreement (the “Depository Institution”), is a “bank,” as defined in Section 9-102(a)(8) of the Texas UCC, with which the Deposit Accounts (as hereinafter defined) are maintained.
Depository Institution. A Depository Institution is an institution that accepts deposits in the ordinary course of a banking or similar business and regularly engaged in one or more of the following activities: • Provision of credit through personal, mortgage, industrial or other loans or other extensions of credit; • Purchases, sells, discounts or negotiates of accounts receivable, instalment obligations, notes, drafts, cheques, bills of exchange, acceptances, or other evidence of indebtedness; • Issues letters of credit and negotiates drafts drawn thereunder; • Provides trust or fiduciary services; • Finances foreign exchange transactions; or • Enters into, purchases, or disposes of finance leases or leased assets. This will include all entities licensed under the Qatar Central Bank provided they also undertake one of the activities listed above. This is not an exhaustive list and whether or not an entity is a Depository Institution will depend on the actual activities that the entity carries out. The following would not be expected to fall within the definition of depository institution: • Insurance brokers; • Attorneys at law; • Factoring or invoice discounting businesses; • Entities that complete money transfers by instructing agents to transmit funds; • Entities that solely provide asset based finance services or that accept deposits solely from persons as collateral or security pursuant to; a sale or lease of property; a loan secured by property; or similar financing arrangements, between that entity and the person making the deposit. Entities that issue payment cards that can be pre-loaded with funds in excess of $50,000 to be spent at a later date, such as a pre-paid credit card or “e-money” will also be considered to be Depository Institutions for the purposes of the Agreement unless such entities qualify as Qualified Credit Card Issuers (Section 15.A.11.5). Example - An entity regulated and licensed by QCB to offer retail and wholesale banking services to Qatari resident and non-Qatari resident individuals and entities is likely to be considered a Depository Institution due to the fact that it accepts deposits from customers in the ordinary course of a banking or similar business.
