Bank receipt definition

Bank receipt means the valid vouchers provided by the lender to the borrower as the basis for accounting treatment after issuing the loan. “Bank working days” and “working days” refer to the opening day of the banks corporate business where the lender is located, excluding statutory holidays and rest days (except for business adjustments due to holidays). If the loan date, repayment date, coupon payment date and maturity date meet the non-bank working day, it shall be postponed to the following bank working day accordingly.
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Bank receipt means a collection order issued by the payee to its bank and sent by the latter, through a dedicated interbank procedure via an electronic data transmission system, to the payer’s bank, which sends a payment notice to the payer;
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Examples of Bank receipt in a sentence

  • As promptly as practicable following consummation of the Merger, receipt of the required approval of the Superintendent of the Maine Bureau of Banking (the Maine Superintendent ), approval of the stockholders of each of United Bank and the Bank, receipt of all of the required regulatory approvals and the expiration of all waiting periods related to such approvals, the Bank Merger shall be effected pursuant to which United Bank shall merge with and into the Bank.

  • As commencement day, is considered the working day following the day that the Financial Institution to which the transaction has been accomplished shall report to the Developer the full discharge of the amounts due in behalf of the Client by the means of Bank receipt .

  • As consideration for the --------- ------- sale, assignment and transfer of all of the rights, title and interest of the Assignors with respect to the Secured Obligations, Assignee hereby agrees to pay to Assignors on the date hereof the sum of Three Hundred Fifty Thousand Dollars ($350,000.00) by Treasurer's check drawn upon the Summit Bank, receipt of which is hereby acknowledged.

  • By way of guarantee for due performance of all the terms and conditions contained in the Agreement, Mr./Ms Name of the Employee ( if applicable) has deposited in the name of TCS a sum of Rs. 50,000/- (Rupees Fifty Thousand only) with the Name of the Bank Bank for a period of Two Years and bearing interest as applicable, and the relative Bank receipt is attached.

  • If required by the Bank, receipt by the Bank of acknowledged assignments of any contract, task order or delivery order with a Customer.

  • Termination of Services will then take place either on the fifteenth (15th) day following the Bank receipt of the written notice or at such time as the Bank is able to suspend specified services.

  • Bank shall be in receipt of, as applicable, the final approved forms or signed true copies of the OPKO Merger Closing Deliverables, which shall be satisfactory to Bank (receipt of which is hereby acknowledged by the Bank).

  • Termination of Services will then take place following the Bank receipt of the notice or at such time as the Bank is able to suspend specified services.

  • You may not make any claim against 2AP or Bank for any loss or expense relating to any asserted error for 60 days immediately following 2AP or Bank receipt of your written notice.

  • If required by the Bank, receipt by the Bank of a disbursements letter, concerning the use of the proceeds of the initial extensions of credit hereunder, to be substantially in the form of EXHIBIT "J" attached hereto.