Deposit Agent definition

Deposit Agent means any bank or banking association having trust powers or trust company designated as such pursuant to the provisions of Section 7.19 hereof and its successor or successors and any other bank or banking association having trust powers or trust company at any time substituted in its place pursuant to this Indenture.

Deposit Agent means, with respect to the Revenue Fund, Norwest Bank South Dakota, N.A., Aberdeen, South Dakota, and its successor or successors and any other bank or banking association having trust powers or trust company at any time substituted in its place pursuant to the Indenture.

Deposit Agent means any person who holds an appointment in writing from a single credit institution enabling him to receive deposits on behalf of that institution and prohibiting him from acting in a similar capacity on behalf of another credit institution.

Examples of Deposit Agent in a sentence

• When conflicting 285 demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit, Agent may 286 take such actions permitted by this Paragraph 13, as Agent deems advisable.

• However, as applicant for the substitute Certificate of Deposit, Agent must indemnify (at no cost to NAI) the applicable Deposit Taker against any liability on the Certificate of Deposit destroyed, lost or stolen, and Agent shall furnish to the Deposit Taker an affidavit of an officer of Agent setting forth the fact of destruction, loss or theft and confirming the status of Agent as holder of the Certificate of Deposit immediately prior to the destruction, loss or theft.

• Regardless of the purpose of any Security Deposit, Agent may apply any deposit to any sum owed by Resident.

• Upon depositing any Cash Collateral into an Account that is already evidenced by an outstanding Certificate of Deposit, Agent will surrender the outstanding Certificate of Deposit, and in exchange the Deposit Taker receiving the deposit will issue a new Certificate of Deposit, evidencing the total amount of Cash Collateral in the Account after the deposit.

• When conflicting demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit, Agent may take such actions permitted by this Paragraph 13, as Agent deems advisable.

More Definitions of Deposit Agent

Deposit Agent has the meaning set forth in Section 2.2(a).

Deposit Agent means « agent de dépôt » désigne

Deposit Agent means a person who or company that trades in guaranteed investment certificates, including accepting, receiving or soliciting money from investors for transmission to a financial institution for investment in a guaranteed investment certificate;

Deposit Agent means any person who holds an appointment on paper or on another durable medium from a single credit institution enabling him to receive deposits on behalf of that institution and prohibiting him from acting in a similar capacity on behalf of another credit institution;

Deposit Agent means the party named as such in the Deposit Agreement until a successor replaces it in accordance with the provisions of the Deposit Agreement, and thereafter means the successor serving thereunder.

Deposit Agent means Compass Bank.

Deposit Agent has the meaning set forth in the first paragraph of the Deposit Agreement.