Approved Financial Institutions definition

Approved Financial Institutions means financial institutions which have (i)(a) a minimum net worth of $500,000,000 or (b) total assets of $10,000,000,000, and (ii) a minimum long term debt rating of (a) BBB+ or higher by S&P, and (b) Baa1 or higher by Moodx'x.
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Approved Financial Institutions. The “Indemnity Amount” means an amount (“Base Environmental Amount”) reasonably estimated to be sufficient to secure all remaining obligations (including all indemnities under this Land Lease) with respect to all Environmental Liabilities of the Party providing the LOC for the remainder of the Term from and after the occurrence of any Financial Trigger (collectively, “Secured Obligations”). As of the Effective Date, the Parties have agreed that the Indemnity Amount for each Party is the amount as set forth in a separate agreement between them, subject to increase or decrease in the Base Environmental Amount from time to time as may be mutually agreed by the Parties, or if the Parties do not agree, as may be otherwise reasonably estimated by the Security Party based upon reasonably detailed supporting documentation provided by the Security Party at the time of the issuance of any LOC or any other Financial Assurance.
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Approved Financial Institutions means banks and other financial institutions incorporated outside Israel, which are rated BBB or higher by Standard & Poor or by Xxxxx'x at the relevant time and banks and other financial institutions incorporated in Israel which are rated AA or higher by Maalot at the relevant time, provided that for the purpose of clause 1.1.23 below, an asset held or issued by an institution at a certain date (in this definition "the Relevant Date"), shall be deemed held or issued by an Approved Financial Institution, even if the institution is no longer an Approved Financial Institution at the Relevant Date, if it was an Approved Financial Institution at the time the asset was first owned by the Borrower and at the Relevant Date no more than 3 (three) months have passed since the institution has ceased to be an Approved Financial Institution;
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Examples of Approved Financial Institutions in a sentence

  • Approved Financial Institutions will not be able to reverse any payment from or to a Clearing House Account without receipt of authorisation from the Clearing House evidenced in writing.

  • The Clearing House will maintain a list of Approved Financial Institutions.

  • In such circumstances, the Clearing House will use its reasonable endeavours to determine the cause of the late notification with the relevant Approved Financial Institutions.

  • Approved Financial Institutions will act upon any instructions received from the Clearing House in relation to the Nominated Bank Accounts without any further reference to, or authority from, a Clearing Member.

  • The Clearing House will notify all affected Approved Financial Institutions if a contingency method is to be invoked.

  • Additionally, the Clearing House will hold Clearing House Accounts at a Concentration Bank in order to facilitate transfers between accounts at Approved Financial Institutions.

  • Rule 107 Conversion to other Eligible Currency The Clearing House shall be entitled to direct Approved Financial Institutions to convert any cash standing to the debit or credit of any Clearing Member into such other Eligible Currency as the Clearing House, in its discretion, determines is appropriate or expedient.

  • Clearing Members will be advised of debits from or credits to their physical accounts by the standard SWIFT advices of debit and credit (MT900 and MT910 respectively) or otherwise in accordance with arrangement established with Approved Financial Institutions.

  • Clearing Members must ensure that Approved Financial Institutions make payment to the Clearing House Account at the relevant Approved Financial Institution within the time periods specified in Table 1.

  • Pursuant to Clearing Membership and arrangements between the Clearing House and Approved Financial Institutions, the Clearing House is given various powers, including to take any action as it in its discretion determines in the Clearing Member’s or the Clearing House’s name in connection with a Clearing Member’s Nominated Bank Accounts.


More Definitions of Approved Financial Institutions

Approved Financial Institutions means any financial institution that has a rating of at least Baa3 from Moody’s or BBB- from S&P or Fitch.
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Approved Financial Institutions means any financial institution that has a rating of at least Baa3 from Xxxxx’x or BBB- from S&P or Fitch.
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Related to Approved Financial Institutions

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Participating Financial Institution means a financial institution participating in EMT Services and/or Online Payment Services, as the case may be.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 2(b) of Article 5 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.

  • Qualified United States financial institution means an institution that:

  • Approved Foreign Bank has the meaning specified in the definition of “Cash Equivalents.”

  • Educational institutions means schools and suchlike institutions;

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any combination of any of the foregoing entities.

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;