Depository Bank definition
Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;
Depository Bank means a “Qualified Depository” as defined in the State Money Management Act of 1974, Title 51, Chapter 7, Utah Code Annotated, 1953, as amended, selected by the Issuer to receive deposits for the Revenue Account as herein described, the deposits of which shall be insured by the Federal Deposit Insurance Corporation.
Depository Bank has the meaning set forth in the Preamble.
Examples of Depository Bank in a sentence
Upon request, the Company shall furnish the original or a copy of the authorization to any affected Participating Depository Bank, as defined in the Rules.
Borrowers and the applicable Account Party shall pay any and all fees charged by any Depository Bank in connection with the maintenance of any Controlled Account required to be established by or for it hereunder, and the performance of such Depository Bank’s duties.
More Definitions of Depository Bank
Depository Bank means each financial institution at which a Depository Account is maintained.
Depository Bank means, at any time, the depository bank which is party to the Cash Trap Account Security Agreement, the Project-Level Account Security Agreement or a Controlled Account Agreement.
Depository Bank means a bank, savings bank, savings and loan association, credit union, trust company, or other depository institution that has entered into a Deposit Account Control Agreement.
Depository Bank means the Michigan bank or trust company selected by the Board which is a member of the Federal Deposit Insurance Corporation.
Depository Bank means Citizens Bank.
Depository Bank means a bank designated by the Commissioner of Taxation and Finance to hold deposits of the Corporation's funds. The obligation on the part of the Depository Bank is that it keeps the deposit and, upon request, restores it to the depositor or otherwise delivers it according to the original trust.
Depository Bank means Xxxxx Fargo Bank, N.A., or any successor depository bank appointed by Buyer and reasonably acceptable to Seller, or appointed by Buyer in its sole discretion during the continuance of an Event of Default.