Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;
Approved Financial Institution means a federal or state-chartered depository institution or trust company having a combined surplus and capital of at least $100,000,000 and further having (a) commercial paper, short-term debt obligations, or other short-term deposits that are rated at least “A-1” by S&P, if the deposits are to be held in the account for 30 days or less, or (b) having long-term unsecured debt obligations that are rated at least “AA” by S&P, if the deposits are to be held in the account more than 30 days. Notwithstanding the foregoing, if an account is held by an Approved Financial Institution, following a downgrade, withdrawal, qualification, or suspension of such institution’s rating, each account must promptly (and in any case within not more than 30 calendar days) be moved with written notice to the Indenture Trustee, to an Approved Financial Institution.
Approved Financial Institution means (a) any corporation or institution that is a member of the Canadian Payments Association (Payments Canada); (b) a corporation that accepts deposits that are insured by the Canada Deposit Insurance Corporation or the Régie del'assurance-dépôts du Québec to the maximum permitted by law; (c) a credit union as defined in paragraph 137(6) of the Income Tax Act; (d) a corporation that accepts deposits from the public, if repayment of the deposits is guaranteed by a Canadian province or territory; or (e)the Canada Post Corporation.
Examples of Approved Financial Institution in a sentence
If approval is not granted, the Access Person must transfer all holdings to an Approved Financial Institution (see Appendix I) no later than sixty days after notification from the Compliance Team.
It is acknowledged and agreed that the Borrower shall have no obligation to replace any Interest Rate Hedge even if the counterparty thereto shall cease to be an Approved Financial Institution.
Company personnel must ensure that the Company’s books are kept complete and accurate, both quantitatively and qualitatively.
The Seller and Buyer must direct the Stakeholder in writing to invest the Deposit (at the risk of the party who becomes entitled to it), as soon as practicable after receiving it, in an interest bearing account at 24 hour call with an Approved Financial Institution.
If approval is not granted, the Supervised Person must transfer all holdings to an Approved Financial Institution (see Appendix I) no later than sixty days after notification from the Compliance Team.
More Definitions of Approved Financial Institution
Approved Financial Institution means a financial institution registered in Australia and operating as a bank, credit union or building society;
Approved Financial Institution means a financial institution licensed under the Financial Institutions Act or other financial institution subject to supervision acceptable to the Central Bank;
Approved Financial Institution means any bank or finance company licensed by the Authority or merchant bank approved by the Authority or any other commercial bank licensed in a foreign country;
Approved Financial Institution means a financial institution approved by the Commission in accordance with these Rules.
Approved Financial Institution means (i) A large Israeli commercial bank or an insurance company that has a license to engage in insurance under the Supervision of Financial Services (Insurance) Law, 5741-1981; or (ii) with respect to an Entity registered outside the State of Israel – an offshore commercial bank registered and incorporated in a country having diplomatic relations with the State that has an "A" level or equivalent credit rating according to one or more of Standard & Poor's Financial Services LLC, Xxxxx'x Investors Service and Fitch Ratings Inc., or such other reputable credit rating agency acceptable to the Company. Blueline The geographic boundaries of the Project, as specified under Annex B (The Services) to the Agreement. Business Day Shall mean a day (other than Friday or Saturday) on which banks are open for domestic business in the State of Israel. Claim Shall mean any claim, demand, allegation, petition, law suit or any other action involving legal proceedings of any kind. Company Shall have the meaning ascribed thereto in the preamble of the Agreement. Confidential Information Shall mean any information, details and documents including any idea, plan, invention or work in connection with the execution of the Agreement, the Project and the Services, whether in writing or orally or in any other manner, including a copy and / or reproduction and / or any summary and / or processing of the foregoing, in any media, which delivered or received by the LRT Consultant or any person on its behalf during the performance of the Agreement. Control Shall have the meaning ascribed thereto in Section 1 of the Securities Law, 1968, as may be amended from time to time.
Approved Financial Institution means (a) any United States of America commercial bank which is FDIC insured and has a consolidated net worth, as of any pertinent date under the terms of this Agreement, of not less than $250,000,000 (as adjusted by CPI) and is otherwise reasonably satisfactory to Landlord or (b) any other substantial United States of America financial institution that is satisfactory to Landlord in its sole and absolute discretion.