Deposit Broker Affiliate definition

Deposit Broker Affiliate means an individual who solicits Applications on behalf of one or more Deposit Broker Members, who has a written contractual relationship with such Deposit Broker Members to act on its, or their, behalf, and whose membership in the Corporation is in good standing. A Deposit Broker Affiliate does not have voting rights, but has the same obligations as a Deposit Broker Member. All RDBA Affiliate members must successfully complete the RDBA AML training on an annual basis. Successful completion is mark of 70%.

Examples of Deposit Broker Affiliate in a sentence

A Deposit Broker Member sponsored by another Deposit Broker Member shall be deemed to be a Deposit Broker Affiliate for purposes of Rules 2, 3 and 6.

Rule 2.1(a) does not apply to individuals solely engaged in administrative, clerical and/or accounting duties in the employ of, or on the behalf of, a Deposit Broker Member, Limited Broker Member or Deposit Broker Affiliate, and who does not otherwise engage in any activity that can be reasonably seen as soliciting.

This provision does not preclude any agreement requiring a Deposit Broker Affiliate from indemnifying the Deposit Broker Member.

No individual shall act as a Deposit Broker Affiliate of a Deposit Broker Member until notice of acceptance in writing has been received from the Corporation.

A Deposit Broker Member shall not enter into an agreement with any Deposit Broker Affiliate in which the parties agree to limit the liability of the Deposit Broker Member for any act, error or omission of the Deposit Broker Affiliate.

A FI Member shall not accept, receive or solicit Applications from any Deposit Broker Affiliate or Deposit Broker Member unless the FI Member has a written agreement with the Deposit Broker Affiliates sponsoring Deposit Broker Member, where applicable.

No individual or legal entity shall become a FI Member, Deposit Broker Member, Limited Broker Member, Deposit Broker Affiliate or FI Affiliate until such individual’s or legal entity’s application for membership in the Corporation in the applicable category of membership has been accepted by the Corporation, and notice of acceptance in writing has been received from the Corporation.

Related to Deposit Broker Affiliate

Affiliate means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.
Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
Operator means the operator of an electronic communications code network.
Purchaser means the organization purchasing the goods.
Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.
Member means any of the entities that make up the joint venture/consortium/association, and “Members” means all these entities.
Contract means the agreement that results from the acceptance of a bid by an organ of state;
Agent means any Registrar or Paying Agent.
Subcontractor means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor.
Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.
Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.
Account means all of the Eligible Loans hereunder of one (1) Borrower that are of the same Loan type made under the identical subsection of the Higher Education Act and in the same status.
Client means the Project lead of technical wing of the Purchaser for whose’ particular project the Goods / Services have been procured or any other person, duly appointed in writing, by the Client, for the time being or from time to time, to act as Client for the purposes of the Contract.
Company means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.
Employer means the United Nations Development Programme (UNDP).
Contractor means the individual or entity, that has entered into this contract with the Commonwealth.
Owner means each Person who is the beneficial owner of a Book-Entry Preferred Securities Certificate as reflected in the records of the Clearing Agency or, if a Clearing Agency Participant is not the Owner, then as reflected in the records of a Person maintaining an account with such Clearing Agency (directly or indirectly, in accordance with the rules of such Clearing Agency).
corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.
Party means a party to this Agreement.
Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.
Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.
Agency means a city, county, borough or other office, position, department, division, bureau, board or commission, or a corporation, institution or agency of government, the expenses of which are paid in whole or in part from the City treasury.
Commission means the Securities and Exchange Commission.
Municipality means a city, village, or township.
Customer means and include the account debtor with respect to any Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Borrower, pursuant to which such Borrower is to deliver any personal property or perform any services.
Agreement means this Credit Agreement.