Disbursing Bank definition

Disbursing Bank means any commercial bank with which a Controlled Disbursement Account is maintained after the Effective Date.
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Disbursing Bank means any commercial bank with which a Disbursement Account is maintained.
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Disbursing Bank means any banking institution approved by the Agent located within France;
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Examples of Disbursing Bank in a sentence

  • We may charge the Funding Account for the actual or estimated total amount of Controlled Disbursement Items and transfer the funds to the Disbursing Bank for credit to the Disbursement Account.

  • The Nodal Points for Commercial Banks will be minimum one level above the Loan Disbursing Bank Branches.

  • Details of this service are provided in the driver information pack with the vehicle.

  • Upon receipt of (a) notice of the total dollar amount of checks presented as described in Section 3, or (b) determination of an amount that will be required to fund as described in Section 4, the Bank is authorized to charge the Funding Account for the amount(s) and to transfer that amount to the Disbursing Bank in good and collected funds for credit to the Checking Account.

  • The Disbursing Bank will act as trustee, responsible for administration, accounting and adherence to the project cost breakdown, verifying all inspection reports and requests for loan disbursements accompanied by supporting invoices and releases.

  • It will be mainly used in two aspects: the first is to reward participated nodes with tokens, which is also a way of final currency issuance; the second is to charge transaction fees.

  • In some instances, pertinent guides may not be available at all because of the newness of, or major changes in, the work field.

  • If an employee ( Pensioner) does not furnish his PAN to the employer ( in the case of retirees the Pension Disbursing Bank), the employer ( The Bank) will have to deduct Income Tax at source (TDS) at 20% or higher rate from the pension so disbursed.

  • References/representations have been received in this Department mentioning that Pension of deceased pensioners is not often revised based on recommendation of Pay Commission etc and arrears of pension in respect of deceased pensioner are not paid by the Pension Disbursing Bank to the nominee.

  • Each banking day of the Disbursing Bank, ih-e Bank and the Company will determine, by means of the balance reporting service, the total dollar amount of checks drawn on the Checking Account that have been presented that day.


More Definitions of Disbursing Bank

Disbursing Bank any commercial bank with which a Controlled Disbursement Account is maintained after the Closing Date.
Sample 1
Disbursing Bank means any commercial bank with which a Controlled Disbursement Account is maintained after the Effective Date. "Dollar" and "$" means freely transferable United States dollars.
Sample 1

Related to Disbursing Bank

  • Disbursing Agent means the Reorganized Debtors or the Entity or Entities selected by the Debtors or the Reorganized Debtors, as applicable, to make or facilitate distributions pursuant to the Plan.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • DIP Lender means a lender under the DIP Facility.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Dividend Disbursing Agent shall have the meaning designated in Section 5.2(e) hereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Administrative hearing means a type of hearing that an appellant may elect in which the presiding officer reviews the written record only and makes a decision based on the facts available within the appeal file. An administrative hearing does not require an in-person or teleconference hearing. The final determination to establish whether an administrative hearing may be held will be made by the appeals section or the presiding officer.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Administrative Plans means investment plans offered by the Management Company and approved by the Commission, where such plans allow investors a specific investment strategy in any one or a combination of Schemes managed by the Management Company in accordance with the conditions specified by SECP.

  • Administrative Agent's Payment Office means the address for payments set forth on the signature pages hereof in relation to the Administrative Agent or such other address as the Administrative Agent may from time to time specify in accordance with Section 10.01.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Agent’s Account means the Deposit Account of Agent identified on Schedule A-1.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.