Custodial Bank definition

Custodial Bank means the bank that will receive and retain the Shares of the Company on behalf of the parties, until payment is received and the purchase is complete in accordance with Schedule A. In this case, the Custodial Bank is ▇▇▇▇▇ Brothers ▇▇▇▇▇▇▇▇, (BBH), New York City, New York. The account holder is Banca MB as the intermediary fund receiving bank.

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Custodial Bank means a bank holding on deposit collateral which is security for state bank accounts.

Custodial Bank means a financial institution with the general

Examples of Custodial Bank in a sentence

Purchaser shall have up to thirty (30) days from the date of delivery of the Shares to the Custodial Bank to pay the Purchase Price.
The Company shall have the right to contact the Custodial Bank administrator for Purchaser account verification and for confirmation of the share status, location and control at each step of the process.
This is not an immediate funding, and the Company recognizes the Purchaser shall have up to thirty (30) days, as set forth in this Agreement to tender the Purchase Price to the company through the intermediary Custodial Bank and intermediary Purchaser, once the valuation and repurchase of the shares is made in accordance with the terms of this Agreement.
Fees charged to the Fund (e.g., by the Outsourced Investment Office, Custodial Bank, and Brokers) shall be deducted from the gross value of the applicable Fund prior to each valuation period and prior to calculating the Foundation’s administrative service fee.
Such investments shall be considered as new ones and, to that extent, shall be made in accordance with the rules on the admission of investments, according to Article 2 of this Agreement.

More Definitions of Custodial Bank

Custodial Bank. “we,” “us” or “our” mean the applicable Custodial Bank. You can find the name of the Custodial Bank for your CD(s) or MMDA(s) (each as defined in Section 1(b) below) here.

Custodial Bank means [REDACTED].

Custodial Bank. This is the depository institution that acts as your custodian for the sole purpose of holding your deposits at the Product Banks. It establishes an omnibus custodial deposit account at each Product Bank that holds only the funds of Service customers. There may be more than one Custodial Bank.

Custodial Bank the bank or trust company selected by Seller to hold the Securities for the benefit of Buyer;

Custodial Bank means a federal reserve bank or branch thereof or any bank designated by the board as described in this rule.

Custodial Bank means the insured depository institution that, on behalf of Participating Merchants, has agreed to hold all prepaid Wallet Account funds of Merchant Customers in an omnibus FDIC-insured deposit account in compliance with all applicable FDIC requirements for pass through deposit insurance under 12 CFR 330.5 and related FDIC guidance. For more information on your Custodial Bank, please contact us at support@spendr.com or 513-440-1590.

Custodial Bank shall have the meaning ascribed to such phrase in Section 3.06 hereof.