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 Xxxxx Brothers Xxxxxxxx, (BBH), New York City, New York. The account holder is Banca MB as the intermediary fund receiving bank.

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

• To the extent permitted by applicable law, you agree to indemnify, defend and hold the Custodial Bank Parties harmless from and against any and all losses, liabilities, judgments, arbitration awards, settlements, expenses, damages and costs, including attorneys’ fees and disbursements, as incurred by any of them arising in any manner out of or relating to your use of, or inability to use, the Custodial Services, the Service or Deposit Platform or any breach or alleged breach by you of this Agreement.

• You agree that the Custodial Bank Parties, Raisin Solutions, the Product Banks, and the POS are third-party beneficiaries of this Agreement and shall have the right to enforce this Agreement against you, including, but not limited to, the Arbitration Provision (Section 5).

More Definitions of Custodial Bank

Custodial Bank means [REDACTED].

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

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

Custodial Bank means a ‘bank’ as defined in the Banking Xxx 0000; “Effective Date” means the date on which the Client opens an account with ML and transfer funds to that account; “Investments” means assets bought and sold or which may prospectively be bought and sold by or on behalf of the Client Objective;

Custodial Bank means a financial institution with the general fiduciary duties to manage, control and collect the assets of an investment fund, including receiving all deposits and paying all disbursements as directed by NMERB staff, safekeeping of assets, coordination of asset transfers, timely settlement of securities transactions and accurate and timely reporting by individual account and in total. See Section 22-11-6 (B) (1).

Custodial Bank means Designated Financial Institutions as determined by Layer2, at which the Custodial Accounts will be held.

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