Approved Banks definition

Approved Banks means banks or other financial institutions which have (a) a minimum net worth of $500,000,000 or (b) total assets of $5,000,000,000.
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Approved Banks shall have the meaning given such term in the definition of "Cash Equivalents" herein.
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Approved Banks means approved banks within the meaning of section 13(16) of the Income Tax Act; and
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Examples of Approved Banks in a sentence

  • SRS Members are advised to provide their respective SRS Approved Banks with the appropriate instructions no later than the deadlines set by their respective SRS Approved Banks in order for their respective SRS Approved Banks to make the relevant acceptance and (if applicable) application on their behalf by the Closing Date.

  • List of Approved Banks for the Purpose of Providing Bid Security/Performance Security/Tender FeeWith reference to List of Banks declared by Government of Gujarat, Finance Department vide No. FDR/GR No. EMD/04/2022/0002/DMO dtd.

  • Approved Banks VISL deposits Client Money in accounts with the following banks: Barclays Bank PLC, and Close Brothers Limited.

  • Notwithstanding the foregoing, SRS Investors should consult their respective SRS Approved Banks for information and directions as to the use of monies standing to the credit of their respective SRS accounts.

  • Dues to the Approved Banks and claims of any other persons as approved by the Defaulters’ Committee After making payments under Clause (b) above, the amounts remaining, if any, shall be utilised to meet the claims of the approved banks and of any other person as may be admitted by the Defaulters’ Committee.


More Definitions of Approved Banks

Approved Banks means any bank as listed in Appendix 5 which only are to be used for the purposes of Bank Guarantee or drawing Demand Drafts for transactions with SSCDL for the purposes of this bid and Works.
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Approved Banks means banks or other financial institutions which have a minimum long-term unsecured debt rating of at least "AA" by each of the Rating Agencies, or if any such bank or other financial institution is not rated by all the Rating Agencies, then a minimum long-term rating of at least "AA" or its equivalent by two of the Rating Agencies.
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Approved Banks means financial institutions satisfying the conditions set forth in clause (a) of the definition of “Cash Equivalents” herein.
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Approved Banks means the State Bank of India, State Bank of Patiala or any other Nationalised /scheduled Bank approved by the Nigam from time to time.
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Approved Banks means banks or other financial institutions which have (i) (a) a minimum net worth of $500,000,000 or (b) total assets of $5,000,000,000 and (ii) a minimum long-term senior unsecured debt rating from the Rating Agencies at least equivalent to the Required Rating, in all cases excluding any institution that owns or controls (or any institution that has an Affiliate that owns or controls) a competitor of Sponsor.
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Approved Banks means banks or other financial institutions which have (i) (a) a minimum net worth of Five Hundred Million and No/100 Dollars ($500,000,000) or (b) total assets of at least Five Billion and No/100 Dollars ($5,000,000,000) and (ii) a minimum long-term unsecured debt rating from the applicable Rating Agencies at least equivalent to the Required Rating.
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Approved Banks means banks or other financial institutions which have a minimum long-term unsecured debt rating of at least "AA", or its equivalent rating, by each of the Rating Agencies, or if any such bank or other financial institution is not rated by all the Rating Agencies, then a minimum long-term rating of at least "AA" or its equivalent by two of the Rating Agencies. Appurtenances: As defined in Granting Clause (C) hereof. Assignee: As defined in Section 54 hereof. Assignment of Leases: As defined in the recitals hereof. 10
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