Clearing Bank(s) definition

Clearing Bank(s) means Clearing Bank(s) is such bank(s) as the Clearing Corporation may appoint to act as a funds settling agency, for the collection of settlement value and margin money for all deals cleared through the Clearing Corporation and any other funds movement between clearing members and the Clearing Corporation and between clearing members as may be directed by the Clearing Corporation from time to time;
View Source
Clearing Bank(s) means such bank(s) as maybe appointed from time to time by the Exchange in accordance with the Payment of Settlement Systems Act, 2007.
View Source
Clearing Bank(s). 3.1 "C▇▇" - 4.1.22 "Collateral" - Mortgage "CON" - 4.1.22 "Condemnation" - 7.3.1 "Conversion Notice" - 2.1.2(c) "Conversion Shortfall" - 2.3.2(b) "Defeasance" - 2.3.3 "Defeasance Date" - 2.3.3 "Defeased Note" - 2.3.3 "Deposit Account" - 3.1 "Disclosure Document" - 9.1.2 "Draw Fees" - 2.6.1 "Engineering Reports" - BLA "Environmental Laws" - 4.2.31 "Environmental Report" - BLA "Equipment" - Mortgage "Event of Default" - 8.1 "Exchange Act" - 9.
View Source

Examples of Clearing Bank(s) in a sentence

  • To compensate the Clearing Bank for performing the services required hereunder, the Authority hereby agrees to pay all such reasonable fees, costs and expenses as shall be charged by the Clearing Bank in connection with the Clearing Bank's obligations hereunder.

  • If the Clearing Bank provides electronic data transfer services, the Clearing Bank shall provide the Trustee access to the Clearing Bank's electronic data transfer system for purposes of effecting such transfers.

  • The parties hereto agree that Clearing Bank's sole responsibility to Lender, Borrower, Manager or any third party for errors made by Clearing Bank in processing any Rents shall be to process a correcting entry in the next regularly scheduled processing of the work after receipt of notification from Lender or its designee, Borrower or any third party.

  • Borrower and Lender understand and agree that the Clearing Account and the fees charged by Clearing Bank have been established in contemplation of the limitation on Clearing Bank's liability set forth in this paragraph.

  • It shall be an Event of Default under the Pledge and Security Agreement and the other documents evidencing, securing or otherwise relating to the Senior Notes, if a successor to the Clearing Bank acceptable to the Trustee shall not have been designated and has not assumed the obligations of the Clearing Bank prior to the effective date of the Clearing Bank's resignation.

  • If, upon the next business day, the Clearing Account continues to contain insufficient funds, Borrower agrees to reimburse Clearing Bank promptly upon receiving Clearing Bank's notice of the same.

  • Accordingly, Clearing Bank's sole responsibility to Lender or any third party with respect to the time of delivery of the advices, copies and reports required by this Instruction Letter shall be to deliver such advices, copies and reports as close to the mutually agreed upon time as may be reasonably practicable.

  • The Clearing Bank shall also send a monthly report to the Authority which monthly report shall specify the credits and changes to the Construction Accounts for the previous calendar month and shall immediately establish the Trustee as user of the Clearing Bank's electronic data transfer system in accordance with the Clearing Bank's standard procedures.

  • Except during a Cash Management Period, funds deposited into the Clearing Accounts shall be swept by the Clearing Banks on a daily basis into Manager's operating account at a Clearing Bank.

  • Following the Clearing Bank's receipt of the Cash Collateral Period Notice, the Clearing Bank shall send a credit advice to the Authority, which credit advice shall specify the amount in the Construction Accounts on such date.


More Definitions of Clearing Bank(s)

Clearing Bank(s). 4.1 "Condemnation" - 8.3.1 "Deemed Approval Procedure" - 6.12.2 "Deposit Account" - 4.1 "Disclosure Document" - 10.1.2 "Early Termination Period" - 3.5 "Environmental Laws" - 5.1.32 "Equipment" - Mortgage "Event of Default" - 9.1 "Exchange Act" - 10.1.2 "Funds" - 4.10 "Grid" - 2.1.2 "Ground Lease" - Mortgage "Ground Rent Escrow Fund" - 4.6 "Guaranty" - 2.1.2 "Hazardous Substances" - 5.1.32 "Improvements" - Mortgage "Indemnified Liabilities" - 6.18 "Indemnified Party" - 6.18 "Insurance Premiums" - 8.1.2 "Insured Casualty" - 8.2.2 "Issuer" - 10.1.3 "Late Payment Charge" - 3.4.3 "Lender's Consultant" - 6.10.2 "Liabilities" - 10.1.3 "Licenses" - 5.1.22 "Loan" - 2.1 "LTV Ratio" - 2.6 "Master Deposit Account" - 4.1 "Master Account Agreement" - 4.1 "Mortgage" - Definition of "Loan Documents" "Note" - 2.1.2 "Oakridge Guarantor" - 4.13 "Oakridge Guaranty" - 4.13 "Oakridge Option Fund" - 4.13 "Operating Budget" - 6.9.5 "Operating Expense Reserve Fund" - 4.7.1
View Source
Clearing Bank(s) has the meaning assigned to it in Section 3.3.3.
View Source
Clearing Bank(s) means such bank(s) as Exchange may appoint to act as funds settling agency, for the collection of margin money, deposits, consideration for all Contracts cleared through the Exchange and any other funds movement between Members and the Exchange and between Members and their Clients as may be directed or Prescribed by the Exchange from time to time.
View Source

Related to Clearing Bank(s)

  • 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 Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.