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.

Approved Banks means approved banks within the meaning of section 13(16) of the Income Tax Act; and

Approved Banks shall have the meaning given such term in the definition of "Cash Equivalents" herein.

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.

• At any time and from time to time, the Corporation shall be entitled to direct the Subscription Receipt Agent by written notice (a) not to deposit any new amounts in any Approved Bank specified in the notice and/or (b) to withdraw all or any of the Escrowed Funds that may then be deposited with any Approved Bank specified in the notice and re-deposit such amount with one or more of such other Approved Banks as specified in the notice.

• The failure of any Lender to make any Loan or to fund any such drawing or participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and except for Limited Fronting Lenders with respect to Several Letters of Credit they have issued on behalf of Affected Lenders on Non-NAIC Approved Banks, no Lender shall be responsible for the failure of any other Lender to so make its Loan, honor a drawing or purchase its participation.

• The failure of any Lender to make any Loan or to fund any such drawing or participation when required hereunder shall not relieve any other Lender of its corresponding obligation to do so, and except for Limited Fronting Lenders with respect to Several Letters of Credit they have issued on behalf of Affected Lenders or Non-NAIC Approved Banks, no Lender shall be responsible for the failure of any other Lender to so make its Loan, honor a drawing or purchase its participation.

• All uninvested cash will be held in this account by one or more Approved Banks chosen by Waverton.

More Definitions of Approved Banks

Approved Banks means any bank as listed in Appendix 6 which only are to be used for the purposes of Bank Guarantee or drawing Demand Drafts for transactions with PBMS for the purposes of this bid and Works.

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 the Rating Agencies involved in the Securitization.

Approved Banks shall have the meaning given to such term in -------------- the definition of "Cash Equivalents" set forth in this Section 1.1.

Approved Banks means financial institutions satisfying the conditions set forth in clause (a) of the definition of “Cash Equivalents” herein.

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.

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.

Approved Banks means one of the seven major Israeli banks (Bank Hapoalim, Bank Leumi le Israel, Israel Discount Bank, First International Bank, Union Bank, Bank Hamizrahi and Bank Mizrachi Tefahot) or a bank which has been rated by Standard & Poor’s with a level of at least “AA-“ or which has received a rating level from Moody’s of “Aa3” or Fitch AA, and which maintains full diplomatic relations with the State of Israel.