Common use of Reference Bank Clause in Contracts

Reference Bank. Any leading bank selected by the Issuer that is engaged in transactions in Eurodollar deposits in the international Eurocurrency market that (i) has an established place of business in London, (ii) is not controlling, under the control of or under common control with the Issuer and (iii) has been designated as a Reference Bank by the Issuer.

Appears in 3 contracts

Samples: SMBS Master Trust Agreement, Trust Agreement, Federal National Mortgage Association

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Reference Bank. Any leading bank selected by the Issuer that is engaged in transactions in Eurodollar deposits in the international Eurocurrency market that (i) has an established place of business in London, (ii) is not controlling, under the control of or under common control with the Issuer and (iii) has been designated as a Reference Bank such by the Issuer.

Appears in 1 contract

Samples: Remic Master Trust Agreement

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