Bankholder definition

Bankholder means a Customer authorized to use a bank account for a Bank Payment.
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Bankholder means the Bank (but only in its capacity as owner (which as used herein shall mean beneficial owner if at the relevant time Purchased Bonds are held in book-entry form) of Purchased Bonds pursuant to this Agreement) and any other Person to whom a Bankholder has sold Purchased Bonds pursuant to Section 2.04(a).
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Examples of Bankholder in a sentence

  • You agree that you must keep all Bankholder Information up to date, and notify us immediately of any changes to the Bankholder Information.

  • Where possible, we will make reasonable efforts to assist you in obtaining Customer Mandates from your Customers including using a commercially reasonable method to verify that Bankholder is authorized to use the bank account, based on the information provided by you or your Customer.

  • You agree that in order to provide Bank Payments you must provide the Bankholder's name, address, email address and bank account information (collectively the "Bankholder Information").

  • The Commission shall fail to pay when due any amount owed by the Commission to the Bank or any Bankholder pursuant to this Agreement other than those specified in Section 7.01(b).

  • In making the determinations contemplated by the above-referenced certificate, the Bank or Bankholder may make such reasonable estimates, assumptions, allocations and the like that the Bank or Bankholder in good faith determines to be appropriate.

  • If a Bankholder notifies the Tender Agent, the Commission and the Remarketing Agent at or before 4:00 p.m. on the Business Day before the Sale Date that it will not sell its Purchased Bonds as of the Sale Date, such Bonds shall no longer be considered Purchased Bonds.

  • In the event no such notice is timely delivered by a Bankholder such Bankholder shall be deemed to have elected to sell such Purchased Bonds to a Purchaser.

  • This Agreement is made solely for the benefit of the Commission, the Bank and each Bankholder and their respective successors and assigns, and no other Person (including, without limitation, any holder of a Bond, other than a Purchased Bond) shall have any right, benefit or interest under or because of the existence of this Agreement.

  • The rights of any Bankholder are separate from and in addition to any rights that any holder of any Bond may have under the terms of such Bond or any Related Document or otherwise.

  • A certificate as to such increased cost or reserves or reduction in return incurred by the Bank or any Bankholder as a result of any event mentioned in clause (a) or (b) of this subsection setting forth, in reasonable detail, the basis for calculation and the amount of such calculation shall be submitted by the Bank to the Commission simultaneously with such demand for payment and shall be conclusive as to the amount thereof absent manifest error.