Local Bank Account definition

Local Bank Account shall have the meaning specified in Section 7.01(d).
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Local Bank Account has the meaning set forth in the Sale and Servicing Agreement.
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Local Bank Account means the account established by the Servicer in the name of the Trustee at the Local Bank, into which account collections with respect to the Contracts and Mortgage Loans will be deposited by the Servicer.
Sample 1

Examples of Local Bank Account in a sentence

  • The GSU staff person assigned the responsibility of Signing Officer will be an additional signing authority on every GSU Local Bank Account.

  • The school has a credit / debit card which has been set up and is used in accordance with Section 3 of the Local Bank Account Scheme Regulations (Annex E of the LA Scheme for Financing Schools).

  • This has been set up in accordance with Section 4 of the Local Bank Account Scheme Regulations (Annex E of the LA Scheme for Financing Schools).

  • The Local Authority reserves the right to withdraw Local Bank Account facilities from any school which: • fails to keep adequate records and accounts.

  • A full description of the Local Bank Account Scheme is available from the Finance Service, Schools Finance Team.

  • If a school decides not to purchase the Employee Service Centre services and/or Payments and Income facilities then it will require a Local Bank Account.

  • If a Non Pay Local Bank Account is chosen, payment of salaries and wages and other employee related costs will be paid through the Local Authority’s banking facilities.

  • A school choosing a Local Bank Account will receive its budget share in a series of cash advances from the Local Authority.

  • All insurance required herein shall be maintained in full force and effect until termination of this Agreement.

  • The cash advances made to a Local Bank Account school are net of an abatement which reflects the loss of interest to the Local Authority resulting from the advances profile.


More Definitions of Local Bank Account

Local Bank Account. The meaning specified in the Servicing Agreement.
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Local Bank Account. As defined in Section 5.15(a).
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Local Bank Account means the account established in the name of the Indenture Trustee pursuant to Section 3.03 hereof, into which account shall be deposited payments related to the Lease Receivables.
Sample 1
Local Bank Account has the meaning set forth in Section 4.7.
Sample 1
Local Bank Account means Account No. 1511-174-3 established by the Borrower at the office of The First National Bank of Anchorage, 201 West 36th Avenue, P.O. Box 200628, Anchorage, Alaska 99520.
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Local Bank Account means Account No. 0000-000-0 established by the Borrower at the office of The First National Bank of Anchorage, 000 Xxxx 00xx Xxxxxx, X.X. Xxx 000000, Xxxxxxxxx, Xxxxxx 00000.
Sample 1

Related to Local Bank Account

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Instrument or, as the case may be, Coupon.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;