CBC Account Bank definition

CBC Account Bank means Société Générale S.A., Agence Amsterdam, a company incorporated under the laws of France in its capacity as cbc account bank under the CBC Account Agreement.
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CBC Account Bank means BNG Bank N.V., a public company with limited liability (naamloze vennootschap) organised under the laws of the Netherlands and established in the Hague, the Netherlands in its capacity as account bank under the CBC Account Agreement.
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CBC Account Bank means BNG Bank N.V. in its capacity as cbc account bank under the CBC Account Agreement, or its successor or successors.
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Examples of CBC Account Bank in a sentence

  • If the CBC has the obligation to pay interest accruing on the balances standing to the credit of any of the CBC Transaction Accounts to the CBC Account Bank instead of receiving interest thereon, this will reduce the income of the CBC and its possibility to generate further income on the assets held in the form of cash in the CBC Transaction Accounts.

  • If the CBC has the obligation to pay interest accruing on the balance standing to the credit of any of the CBC Transaction Accounts to the CBC Account Bank instead of receiving interest thereon, this will reduce the income of the CBC and its possibility to generate further income on the assets held in the form of cash in the CBC Transaction Accounts.

  • Any negative interest will be payable by the CBC to the CBC Account Bank.

  • Any negative interest will be payable by the CBC to the CBC Account Bank, provided that the CBC Account Bank has sent a written notice to the CBC two (2) Business Days in advance.

  • Ultimately such negative interest and/or an enduring obligation of the CBC to make such payments in respect thereof to the CBC Account Bank could result in the CBC not having sufficient funds to perform its payment obligations under the Guarantee and in losses under the Covered Bonds and the Coupons.

  • If notice is given after 10.30 a.m. Central European Time or the CBC Account Bank receives the transfer after 01.00 p.m. Central European Time, the relevant transfer shall be effected for value the next Business Day after such notice or transfer, unless the CBC Account Bank is able to ensure value on the Business Day specified in such notice or transfer as the date of the proposed transfer.

  • CBC Account: The CBC shall maintain with the CBC Account Bank an account, or such replacement account with the consent of the Security Trustee (the "CBC Account" and any additional or replacement accounts) to which all amounts to be received in respect of the Transferred Asset and other amounts by the CBC are to be paid.

  • In the event that the interest rate in respect of any of the CBC Transaction Accounts is less than zero, such amount will be payable by the CBC to the CBC Account Bank.

  • Reserve Account: The CBC shall maintain with the CBC Account Bank the Reserve Account towhich the higher of (i) the Reserve Account Required Amount and (ii) the Liquidity Reserve Required Amount will be credited.

  • A summary of any tasks required to be repeated in the event of changes to the CTS Certification baseline.

Related to CBC Account Bank

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Account Bank means any of them.

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.