MC Banks definition

MC Banks means banks in Macau in relation to the collection of Paper Cheques drawn on Members.
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Examples of MC Banks in a sentence

  • In relation to items payable to MC Banks, references in these Rules to amounts payable to a Member where that Member is the MC Agent include references to the amounts payable to the relevant MC Banks (which amounts shall be paid to the MC Agent).

  • In relation to items payable to MC Banks, references in these Rules to the presenting Member are references to the MC Agent.

  • Amounts payable by Members to MC Banks are regarded to have been paid when credit has been given to the MC Agent in respect of such amounts in a settlement through the Clearing House.

  • Paper Cheques collected from MC Banks shall be presented to HKICL by the MC Agent.

  • The MC Agent shall keep confidential all information relating to the other Members and their customers which the MC Agent obtains in its capacity as the MC Agent, and shall not use or disclose any such information except (a) for the purposes of clearing and settling Paper Cheques drawn on Members and presented to the Clearing House by the MC Banks through the MC Agent or (b) as required by law.

  • The MC Agent confirms that the collection, use and retention of personal data in relation to the Paper Cheques drawn on Members presented to MC Banks and through the MC Agent to the Clearing House pursuant to these Rules complies with any relevant laws and regulations in Macau and Hong Kong.

  • The MC Agent confirms that the collection, use and retention of personal data in relation to the Paper Cheques drawn on Members who are banks presented to MC Banks and through the MC Agent to the Clearing House pursuant to these Rules complies with any relevant laws and regulations in Macau and Hong Kong.

  • The MC Agent shall keep confidential all information relating to the other Members and their customers which the MC Agent obtains in its capacity as the MC Agent, and shall not use or disclose any such information except (a) for the purposes of clearing and settling Paper Cheques drawn on Members who are banks and presented to the Clearing House by the MC Banks through the MC Agent or (b) as required by law.

  • Rather than demolishing the building at the end of the lifecycle and landfilling the materials, the building can be deconstructed in such a way that building parts are further reused if they successfully pass the M/C Bank's structural, environmental and chemical performance assessment.

  • Each Bank shall comply with its obligation under this Section in the same manner asprovided in Section 4.1 with respect to MC Loans made by such MC Bank (and Section 4.2 shall apply, mutatis mutandis, to the payment obligations of the MC Banks), and the Administrative Agent shall promptly pay to such MC Swingline Bank the amounts so received by it from the MC Banks.

Related to MC Banks

  • Banks shall include the Agent in its individual capacity.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 66 2/3% of the aggregate unpaid principal amount of the Loans.

  • Purchasing Banks as defined in subsection 10.5(d).

  • Bank of America means Bank of America, N.A. and its successors.

  • CMS Reference Banks means (i) where the Reference Currency is Euro, the principal office of five leading swap dealers in the inter-bank market, (ii) where the Reference Currency is Sterling, the principal London office of five leading swap dealers in the London inter-bank market, (iii) where the Reference Currency is United States dollars, the principal New York City office of five leading swap dealers in the New York City inter-bank market, or (iv) in the case of any other Reference Currency, the principal Relevant Financial Centre office of five leading swap dealers in the Relevant Financial Centre inter-bank market, in each case selected by the Calculation Agent.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Local Currency means Kenya shilling;

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Issuing Banks means (a) with respect to the Letter of Credit A Facility, each Initial Issuing Bank that has a Letter of Credit A Commitment set forth opposite its name on Schedule I hereto and any other Working Capital A Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit A Commitment hereunder has been assigned pursuant to Section 8.07 and (b) with respect to the Letter of Credit B-1 Facility, each Initial Issuing Bank that has a Letter of Credit B-1 Commitment set forth opposite its name on Schedule I hereto and any other Working Capital B-1 Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit B-1 Commitment hereunder has been assigned pursuant to Section 8.07 so long as, in each case, each such Lender or Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office and the amount of its Letter of Credit Commitment (which information shall be recorded by the Agent in the Register).

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • PNC Bank means PNC Bank, National Association.

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.

  • Participating Banks means the list of Banks as set out in Table 2 below.

  • Initial Issuing Banks has the meaning specified in the recital of parties to this Agreement.

  • Managing Agents is defined in the preamble.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Bank Parties means Administrative Agent and the Banks.

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Co-Syndication Agents as defined in the preamble hereto.

  • KeyBank means KeyBank National Association.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • CD Reference Banks means The Chase Manhattan Bank and Xxxxxx Guaranty Trust Company of New York.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.