Clearing Bank definition

Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

Clearing Bank shall have the meaning set forth in Section 6.1.

Clearing Bank means the clearing bank which establishes, maintains and holds the Clearing Account, which shall be an Eligible Institution acceptable to Lender in its discretion.

Examples of Clearing Bank in a sentence

• Check one:🞏 Health Care Business (as defined in 11 U.S.C. § 101(27A))🞏 Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))🞏 Railroad (as defined in 11 U.S.C. § 101(44))🞏 Stockbroker (as defined in 11 U.S.C. § 101(53A))🞏 Commodity Broker (as defined in 11 U.S.C. § 101(6))🞏 Clearing Bank (as defined in 11 U.S.C. § 781(3))◼ None of the aboveB.

• Check one:Health Care Business (as defined in 11 U.S.C. § 101(27A)) Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B)) Railroad (as defined in 11 U.S.C. § 101(44))Stockbroker (as defined in 11 U.S.C. § 101(53A)) Commodity Broker (as defined in 11 U.S.C. § 101(6)) Clearing Bank (as defined in 11 U.S.C. § 781(3))None of the aboveB.

• Check one:Health Care Business (as defined in 11 U.S.C. § 101(27A)) Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B)) Railroad (as defined in 11 U.S.C. § 101(44))Stockbroker (as defined in 11 U.S.C. § 101(53A)) Commodity Broker (as defined in 11 U.S.C. § 101(6)) Clearing Bank (as defined in 11 U.S.C. § 781(3)) None of the aboveB.

• Check One:☐ Health Care Business (as defined in 11 U.S.C. § 101(27A))☐ Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))☐ Railroad (as defined in 11 U.S.C. § 101(44))☐ Stockbroker (as defined in 11 U.S.C. § 101(53A))☐ Commodity Broker (as defined in 11 U.S.C. § 101(6))☐ Clearing Bank (as defined in 11 U.S.C. § 781(3))☒ None of the above B.

• Check one:□ Health Care Business (as defined in 11 U.S.C. § 101(27A))□ Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))□ Railroad (as defined in 11 U.S.C. § 101(44))□ Stockbroker (as defined in 11 U.S.C. § 101(53A))□ Commodity Broker (as defined in 11 U.S.C. § 101(6))□ Clearing Bank (as defined in 11 U.S.C. § 781(3))■ None of the aboveB.

More Definitions of Clearing Bank

Clearing Bank means either Bank of America or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

Clearing Bank means Bank of America and any other banking institution with which an Agency Account has been established pursuant to an Agency Account Agreement.

Clearing Bank means Chase Manhattan Bank, N.A. or any other Designated Depository Institution mutually acceptable to the Supplemental Servicer, the Servicer and the Certificate Insurer for each Trust.

Clearing Bank means NationsBank and any other banking institution with which an Agency Account has been established pursuant to an Agency Account Agreement.

Clearing Bank means the clearing bank which establishes, maintains and holds the Clearing Account, which shall be an Eligible Institution acceptable to Lender in its reasonable discretion.

Clearing Bank shall be defined in the Clearing Account Agreement.

Clearing Bank shall have the meaning given such term in the Recitals.