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.