Bank sponsor definition

Bank sponsor or "sponsor" means any public or private entity responsible for establishing and, in most circumstances, operating a bank.

Bank sponsor means a bank other than an originator bank that establishes and manages an asset-backed commercial paper programme or other securitisation scheme that purchases exposures from third party entities;

Bank sponsor or "sponsor" means any public or pri- vate entity responsible for establishing and, in most circum- stances, operating a bank.

Examples of Bank sponsor in a sentence

• The Bank sponsor will own, establish, operate, maintain, and provide for protection of the Bank in perpetuity.

• The Bank sponsor shall indemnify and hold harmless the State of Michigan and its departments, agencies, officials, employees, agents, and representatives for any and all claims, actions, or liability associated with the design, construction, authorization, performance, modification of the project, or modification or revocation of this Agreement.

• The Bank sponsor will implement a ledger system to track the availability, use, and sale of credits generated by the Bank.

• Once the Bank sponsor forwards certification to the MDEQ pursuant to Section IV.

• The Bank sponsor shall notify the MDEQ in writing of any alteration of, or damage to, the site, failure of structures, reduction in the size of the wetlands, or any other changes which would threaten the integrity of the wetlands in the Bank within 7 days of the identification of the problem.

More Definitions of Bank sponsor

Bank sponsor means any public or private entity financially responsible

Bank sponsor means the person or entity responsible for establishing and operating a bank.

Bank sponsor means any public or private entity finan- cially responsible for establishing and, in most cases, operating a mitigation bank.

Bank sponsor means any public or private entity finan- cially responsible for establishing or operating a mitigation bank.

Bank sponsor means the public or private entity responsible for establishing and operating the Bank.

Bank sponsor means any public or private entity financially responsible for establishing and, in most cases, operating a mitigation bank.

Bank sponsor means a person who independently or in cooperation with another person is responsible for the establishment, operation, and long-term management of a wetland mitigation bank.