Depository Banks definition
Examples of Depository Banks in a sentence
If requested by the Secured Party, the Debtor shall also obtain a blocked account, lockbox or similar agreement with all or certain Depository Banks.
The following lists include the Authorized Dealers, Authorized Money Market Funds and Authorized Depository Banks that have been approved as part of the investment policy.
Conduent also specifies the order in which Transferred Funds return to your Account from the Depository Banks, such as to pay items presented to us for payment from your Account or as otherwise provided in this Agreement.
These allocations may change from time to time as Conduent specifies, and may result in your HSA funds being held all in one Depository Bank, in a combination of several Depository Banks, or, potentially, only in your Account with us as necessary to process payments and transfers from your Account.
Under the Program, we will maintain custody of some or all of your Account funds in the Depository Account at one or more Depository Banks in lieu of maintaining those funds as a deposit with us.