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 has the meaning set forth in the Preamble.
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.

Examples of Depository Bank in a sentence

  • No later than ten (10) Business Days after the Effective Date, Google shall deposit the amount of sixty-seven million five hundred thousand United States dollars (U.S. $67.5 million) (the “Final Settlement Deposit”) in the Settlement Fund by wire transfer to the Depository Bank.

  • Should the Procuring Entity opt for payment thru check, it shall be released to the Authorized Government Depository Bank in favor of the Supplier in accordance with the terms provided below after the approval of the Contract by the HOPE and the issuance of the Notice of Cash Allocation.

  • The Settlement Fund is intended as, and shall be, a separate escrow fund of moneys held at Depository Bank and shall qualify as a “qualified settlement fund” within the meaning of Treasury Regulation Section 1.468B-1.

  • No later than ten (10) Business Days after the Settlement Agreement Date, Google shall deposit the amount of twelve million United States dollars (U.S. $12 million) (the “Initial Settlement Deposit”) into an interest bearing escrow account by wire transfer to the Depository Bank.

  • Attorneys’ fees and expenses consistent with this Section 5.5 (Attorneys’ Fees) that are granted by the Court shall be paid by the Depository Bank within ten (10) Business Days after the Effective Date by wire transfer to counsel for the Author Sub-Class.


More Definitions of Depository Bank

Depository Bank means each financial institution at which a Depository Account is maintained.
Depository Bank means a bank designated by the Executive Director to hold deposits of the Trust’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.
Depository Bank means Citizens Bank.