Approved Bank definition

Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

Approved Bank has the meaning assigned to such term in the definition of the term “Permitted Investments.”

Approved Bank has the meaning specified in clause (c) of the definition of “Cash Equivalents”.

Examples of Approved Bank in a sentence

• Where, for the purposes of this paragraph the Company borrows an amount of currency from an Eligible Institution or an Approved Bank; and keeps an amount in another currency, at least equal to such borrowing for the time on deposit with the lender (or his agent or nominee), then this applies as if the borrowed currency, and not the deposited currency, were part of the Scheme Property.

• This limit is raised to 10% where the counterparty is an Approved Bank.

• The Company may borrow only from an Eligible Institution or an Approved Bank.

• Money received by the Manager in the form of redemptions, cheques or other remittances is paid directly into a client money account maintained by the Manager with an Approved Bank, as defined in the FCA Rules, and protected in line with the Client Money Rules.

• Any forward transaction must be with an Eligible Institution or an Approved Bank.

More Definitions of Approved Bank

Approved Bank means a domestic financial institution which (A) prior to a Securitization, has long term unsecured debt obligations of which are rated not less than “AA” by S&P, “A” by Fitch and “Aa2” by Xxxxx’x or the short-term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Xxxxx’x and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which meet the applicable rating requirements of the Rating Agencies.

Approved Bank has the meaning provided in subpart (ii) of the definition of “Cash Equivalents.”

Approved Bank has the meaning specified in the definition of Cash Equivalents.

Approved Bank means (a) a bank or other financial institution which has the Required Rating, (b) if a Securitization has not occurred, a bank or other financial institution acceptable to Lender or (c) if a Securitization has occurred, a bank or other financial institution with respect to which Lender shall have received a Rating Agency Confirmation.

Approved Bank means one of certain institutions as defined in the glossary to the FCA Handbook.

Approved Bank means a bank or other financial institution which has a minimum long term unsecured debt rating of at least “AA” by S&P and Fitch and “Aa2” by Xxxxx’x.

Approved Bank means any bank, finance company, insurance company or other financial institution (a) which has (i)(x) a minimum net worth of $500,000,000 and/or (y) total assets of $10,000,000,000, and (ii) a minimum long-term debt rating of (x) BBB+ or higher by S&P, and (y) Baa1 or higher by Xxxxx’x, or (b) which is approved by the Administrative Agent, which approval shall not be unreasonably withheld.