Designated Financial Institution definition

Designated Financial Institution shall have the meaning specified in Section 14.12(a).

Designated Financial Institution shall have the meaning specified in Section 14.02(j).

Designated Financial Institution means a Japanese financial institution or a Japanese financial instruments business operator designated by the Cabinet Order pursuant to Article 6, Paragraph 9 of the Special Taxation Measures Act of Japan (Law No. 26 of 1957, as amended) (the “Special Taxation Measures Act”); and

Examples of Designated Financial Institution in a sentence

• The Designated Financial Institution will maintain strict control and supervision over the relevant bank account and will automatically debit the rental fee (the amount of which is equal to the principal and interest of the Bank Loans) from the relevant bank account to its own account on the same day or the next day of the date of payment of each rental fee.

• PAP Category: BUSINESS Benecaid Group Number (for existing clients): Company Name: Company Street Address: Unit #: City: Province: Postal Code: Phone Number: Designated Financial Institution: FI Code: Transit: Account: (3 digits) (5 digits) Name of Signing Officer(s): Authorized Signature(s): PLEASE ATTACH A VOID CHEQUE Benecaid Health Benefits Solutions Inc.

• Pursuant to IRS Notice 98-4, Q&A J-4, if the Custodian is the Designated Financial Institution (DFI) and the Participant timely elects that his or her balance be transferred without cost or penalty to another SIMPLE IRA in accordance with the provisions described in the accompanying SIMPLE IRA Disclosure Statement, the Custodian reserves the right to restrict the participant's choice of investment alternatives as determined by the Custodian.

More Definitions of Designated Financial Institution

Designated Financial Institution means a Japanese financial institution or financial instruments business operator falling under certain categories prescribed by the cabinet order under Article 6, Paragraph 9 of the Special Taxation Measures Act;

Designated Financial Institution means a Japanese financial institution or a Japanese financial instruments business operator designated by the Cabinet Order pursuant to Article 6, paragraph 9 of the Special Taxation Measures Law;

Designated Financial Institution has the meaning set forth in Section 3.05.

Designated Financial Institution means a Japanese financial institution falling under certain categories prescribed by the Act on Special Taxation Measures and the Cabinet Order.

Designated Financial Institution means (i) a bank incorporated in Singapore; or (ii) a financial holding company;

Designated Financial Institution has the meaning specified in Section 9.5.

Designated Financial Institution. (DFI) shall mean the financial organization which has been designated by the Employer to receive all contributions made on behalf of all Participants pursuant to the Plan and to perform such other duties as required under Section 408(p)(7) of the Code. For purposes of the SIMPLE IRA Plan, the Custodian shall be the DFI upon the Employer’s designation of such in the Adoption Agreement and acceptance, written or otherwise, of the Employer’s designation delivered to the Employer by Fidelity Investments Institutional Operations Company LLC (FIIOC), as agent for the Custodian. Upon the Custodian’s acceptance of appointment as the DFI for the Employer’s Plan, a Participant will have the right to transfer his or her SIMPLE IRA contributions to another SIMPLE IRA without incurring any cost or penalty or, if the two-year period beginning on the date contributions were first contributed to the Participant’s SIMPLE IRA has elapsed (the “two-year period”), to another IRA without any cost or penalty. The procedures for requesting such transfers without cost or penalty to the Participant will be provided by the Custodian in the Summary Description and Appendix thereof and may be modified from time to time. The Custodian reserves the right to charge the Employer additional plan-level fees to offset FIIOC’s costs of transferring such contributions without cost or penalty to another SIMPLE IRA or IRA established by the Participant upon the Participant’s request.