Bank Instrument definition

Bank Instrument means any guarantee, indemnity, letter of credit (including any Import L/C and any standby letter of credit), shipping guarantee, tender bond, bid bond, performance bond or advance payment bond or any instrument of a similar nature (whether entailing autonomous, primary liability on the part of the issuer, or accessory, secondary liability) which is issued or to be issued by BNPP or a Correspondent Bank at the request of the Borrower pursuant to a Drawing under a Trade Facility, in each case as the same may from time to time be supplemented, replaced or amended.
Source 1Source 2Source 3
Bank Instrument means any share capital or other instrument of the Issuer;
Source 1Source 2
Bank Instrument means any standby letter of credit or letter of guarantee that is required (a) by a Contract or by a tender for a Contract, or (b) with respect to performance or financial obligations of the Customer or an Affiliate, and in either case, that has been or will be issued to the Beneficiary by the Bank or the Foreign Bank;
Source 1Source 2

Examples of Bank Instrument in a sentence

  • The Lessee desires to Lease Bank Instrument (BG/SBLC) from the Lessor.

  • The NCRCPD will restore wetlands at the Reuthinger Wetland Mitigation Bank in accordance with the MBI (Mitigation Bank Instrument) effective April 10, 2018, and will monitor and maintain the restored habitats in accordance with the MBI.

  • If agreed to terminate by both parties the Lender shall return the Bank Instrument immediately with no liens and or encumbrances.

  • The Final Application for the Bank, included by reference as Appendix A to the Bank Instrument, describes the mitigation bank plan, and contains information about threats of adverse modification.The Final Application lists two primary threats to wetlands allocated for preservation credits: the presence of drainage ditches, and possible mining activities.

  • The Buyer desires to Purchase Bank Instrument (BG/SBLC) from the Seller.

  • The Forest Preserve District of Kane County has completed the Mitigation Bank Instrument (MBI) process and are awaiting the final signatures from the various agencies responsible.

  • Should the prospective bank sponsor wish to proceed further with the bank review process after receiving the Corps initial evaluation of the banking prospectus, the bank sponsor will submit to the Corps a completed compensation site plan and St. Paul District’s standard Mitigation Bank Instrument.

  • Modification to Bank Instrument may be required if the aquatic resource restoration, establishment, enhancement, and/or preservation activities cannot be implemented in accordance with the approved mitigation plan.

  • The process for establishing a mitigation bank involves the development of a Prospectus and Mitigation Bank Instrument (MBI) in consultation with an interagency review team (IRT).

  • After consideration of the public comments and input from the IRT, the bank sponsor must develop a Draft Mitigation Bank Instrument (MBI) for submittal to the Department.


More Definitions of Bank Instrument

Bank Instrument means the documentation of agency and bank sponsor concurrence on the objectives and administration of the bank. The “bank instrument” describes in detail the physical and legal characteristics of the bank, including the service area, and how the bank will be established and operated.
Source 1

Related to Bank Instrument

  • Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)(B) of the definition of Permitted Lien.

  • Bank Indebtedness means any and all amounts payable under or in respect of the Credit Agreement and the other Credit Agreement Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Credit Agreement), including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Issuer whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

  • Municipal debt instrument means any note, bond, debenture or other evidence of indebtedness issued by a municipality, including dematerialised or electronic evidence of indebtedness intended to be used in trade;

  • Gift instrument means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.

  • Debt Instrument means any loan, bond, debenture, promissory note or other instrument evidencing indebtedness (demand or otherwise) for borrowed money or other liability;