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 each financial institution at which a Depository Account is maintained.

Examples of Depository Bank in a sentence

• In the event that a Depository Bank rejects additional deposits, or decides to return funds to the ICA Custodian (or closes the Depository Accounts at the Depository Bank entirely), StoneCastle will direct the ICA Custodian to transfer such funds back to the participant unless directed otherwise.

• The Depository Account(s) at each Depository Bank will be held in the name of the Custodian or Sub- Custodian.

• In no event shall StoneCastle, the ICA Custodian, a Sub-Custodian or any Depository Bank be liable for any type of indirect, special, consequential or punitive damages, even if we are aware of the potential for such damages.

• The rate you earn on your deposits at any Depository Bank through the ICA Program may be higher or lower than the rates available to depositors making non-ICA Program deposits with a Depository Bank or with rates offered by other depository institutions in comparable accounts.

• All activity with respect to your ICA Account, including your account balance through one or more Depository Accounts at each Depository Bank and the net interest earned and transaction history, will appear on your account statement.

More Definitions of Depository Bank

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 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 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.