Bank Deposits definition
Bank Deposits means any of the following having a maturity of not more than 180 days: demand and time deposits in, certificates of deposit of, and bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least "P-1" by Moody's and at least "A-1" by S&P (or equivalent credit ratings if different rating categories are used), in the case of commercial paper and short-term obligations; provided that the issuer thereof must also have at the time of such investment a long-term credit rating of at least "Aa3" by Moody's or at least "AA" by S&P (or equivalent credit ratings if different rating categories are used).
Bank Deposits means any of the following: demand and time deposits in, certificates of deposit of, and bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least “P-1” by ▇▇▇▇▇’▇ and at least “A-1” by S&P (or equivalent credit ratings if different rating categories are used), in the case of commercial paper and short-term obligations; provided that the issuer thereof must also have at the time of such investment a long-term credit rating of at least “Aa3” by ▇▇▇▇▇’▇ or at least “AA” by S&P (or equivalent credit ratings if different rating categories are used).
Bank Deposits means all sums of money on deposit to the credit of the BORROWER and its SPECIAL SUBSIDIARIES at any bank, trust company, national banking association, savings bank, savings and loan association or similar institution.
Examples of Bank Deposits in a sentence
Direct Bank Deposits are also available upon written request to the treasurer.
In the event that the amount in the Member's CMS account is, at any time, insufficient to pay such due and payable amounts, the Bank may without notice to the Member apply any Bank Deposits then in the possession of the Bank to the payment of such due and payable amounts.
The State shall bear the risk of and be responsible for any loss resulting from the investment in Government Securities or Approved Bank Deposits.
The 2022 Property Management and Value-Added Services Framework Agreement, the 2023 Bank Deposits Agreement and their respective annual caps are subject to the approval by the Independent Shareholders at the General Meeting.
Please use the account reference number when making EFT payments or Bank Deposits.
More Definitions of Bank Deposits
Bank Deposits means cash deposits made with credit institutions, repayable on demand or upon prior notice of up to three months, or at agreed maturities of up to two years, inclusive of sums paid to credit institutions in respect of a transfer of securities under repurchase agreements and securities lending,
Bank Deposits means all deposit accounts maintained by the Member with the Bank (excluding safekeeping accounts expressly held for the benefit of a third-party), all money, cash and checks, drafts, notices, bills, bills of exchange and bonds deposited therein or credited thereto, including any increases, renewals, extensions, substitutions and replacements, whether or not such instruments have been posted to any such deposit account, and all statements, certificates, passbooks and instruments representing any such deposit account. "Capital Stock" means all of the capital stock of the Bank owned by the Member, and all payments which have been or hereafter are made on account of subscriptions to, and all unpaid dividends on, such Capital Stock.
Bank Deposits means any of the following having a maturity of not more than 183 days: demand and time deposits in, certificates of deposit of, and bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least "P-1" by Moody's and at least "A-1" by S&P, in the case of commercial paper and short-term obligations; provided that the issuer thereof must also have at the time of such investment a long-term credit rating of at least "Aa3" by Moody's or at least "AA-" by S&P.
Bank Deposits means all deposit accounts maintained by the Member with the Bank (excluding safekeeping accounts expressly held for the benefit of a third-party), all money, cash and checks, drafts, notices, bills, bills of exchange and bonds deposited therein or credited thereto, including any increases, renewals, extensions, substitutions and replacements, whether or not such instruments have been posted to any such deposit account, and all statements, certificates, passbooks and instruments representing any such deposit account.
Bank Deposits means any of the following having a maturity of not more than 183 calendar days: demand and time deposits in, certificates of deposit of, and bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least "P-1" by Moody's and at least "A-1" by S&P (or equivalent credit ratings if different rating categories are used), in the case of commercial paper and short-term obligations; PROVIDED that the issuer thereof must also have at the time of such investment a long-term credit rating of at least "Aa3" by Moody's or at least "AA-" by S&P (or equivalent credit ratings if different rating categories are used).
Bank Deposits means demand deposits, time deposits and certificates of deposit insured by the FDIC and “Restricted Area” means the State of Delaware. Seller agrees that during the Term, neither Seller nor its Affiliates (other than Target or Target Subsidiaries), shall directly or indirectly solicit retail customers and business customers for non-deposit investment products or custodial or trust services products from such parties residing or doing business in the Restricted Area.
Bank Deposits has the meaning given to that term in Section 5.16(a) of this Agreement.