Nominated Bank definition

Nominated Bank means the bank(s) at which the Nominated Bank Account is held;
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Nominated Bank means the bank with which the credit is available or any bank in the case of a credit available with any bank.
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Nominated Bank means the bank, that the letter of credit is payable through, with which credit is available. If Manager becomes more than sixty (60) days delinquent in payment of its Utility Expenses or its electric and water bills as provided for in Section 6.3(c), Owner shall have the right to present the letter of credit to either the Nominated Bank or the Issuing Bank, as provided, and draw down funds in the amount of any outstanding electric and water charges owed by Manager.
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Examples of Nominated Bank in a sentence

  • Approved Financial Institutions will act upon any instructions received from the Clearing House in relation to the Nominated Bank Accounts without any further reference to, or authority from, a Clearing Member.

  • Pursuant to the Clearing Membership Agreement, each Clearing Member must at all times have in place a duly executed Third Party Authority Form in favour of each Approved Financial Institution used by it and in respect of each of its Nominated Bank Accounts.

  • An increase in cash positions through ECS will result in a direct debit from the relevant Nominated Bank Account of the Clearing Member.

  • A reduction in cash positions will result in a payment from a Clearing House Account to one of the Clearing Member’s Nominated Bank Accounts.

  • Payments will be executed as an intra-APS-bank, between accounts, book transfer from the relevant Nominated Bank Account to a Clearing House Account at the same Approved Financial Institution.

  • Intra-day calls will be executed via a direct debit from the Clearing Member’s Nominated Bank Account at an Approved Financial Institution.

  • It is the responsibility of each Clearing Member to have sufficient funds in its Nominated Bank Accounts to enable all cash transfers required under the Rules to be settled.

  • Payment into Clearing Members’ relevant Nominated Bank Accounts will generally take place through a similar book transfer.

  • Pursuant to Clearing Membership and arrangements between the Clearing House and Approved Financial Institutions, the Clearing House is given various powers, including to take any action as it in its discretion determines in the Clearing Member’s or the Clearing House’s name in connection with a Clearing Member’s Nominated Bank Accounts.

  • Each Clearing Member will be required to have in place at all times a standard debit mandate, allowing the Clearing House to call funds from its Nominated Bank Accounts, established in the relevant Approved Financial Institution’s standard form (" Third Party Authority Form").


More Definitions of Nominated Bank

Nominated Bank means the bank which shall provide the Bank Guarantee, which shall be a Clearing Bank; Permitted Use means use within Class B1 of the 1987 Order
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Nominated Bank means a bank, or specific branch of a bank, authorised by us to receive cash payment on our behalf inrespect of the sale of air transportation on our services.
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Nominated Bank has the meaning given in paragraph 2(A) of Part A of Schedule 2;
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Nominated Bank means the financial institution nominated by Three Peaks;
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Nominated Bank means [●];
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Related to Nominated Bank

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

  • Designated Bank means any bank designated by Lender as a Designated Bank, but only for as long as Lender has an agreement under which Lender receives Depository Benefits from that bank.

  • Nominated Athlete means an Athlete who has been nominated to the NZOC by Swimming New Zealand.

  • Nominated Person means a person who is a member, or a member and Officer, of the Association

  • Nominated Account means any of the accounts nominated by you from time to time for use with phone banking, internet banking or Credit External payments.

  • Nominated Company means a company selected by the Lenders’ Representative and proposed to the Authority for substituting the Concessionaire in accordance with the provisions of the Substitution Agreement;

  • Nominated Officer means an officer charged with the responsibility for discharging specific tasks within Standing Orders and Standing Financial Instructions.

  • Nomination means a request by a Shipper to Carrier to transport a stated quantity of Crude Petroleum on the Pipeline for the account of such Shipper in any month.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Nominated Recipient means a person appointed by You to receive particular FIT Payments and recorded as such on the Central FiT Register;

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Nominated Representative will mean the person that you have informed us will be handling your affairs on your behalf, including if relevant, your Attorney or Court of Protection Deputy, or individual responsible for making Third Party contributions (as set out in Schedule 2);

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

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Affected Bank has the meaning specified in Section 3.07.

  • Regulated Bank means an Approved Commercial Bank that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

  • Nomination Date means the twentieth (20th) day of the month preceding the Operating Month.

  • Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act.

  • Terminated Lender as defined in Section 2.23.

  • Chairman-cum-Managing Director means Chairman-cum-Managing Director of any of the Subsidiary Companies of Coal India Limited, presently Central Coalfields Limited, Eastern Coalfields Limited, Western Coalfields Limited, Bharat Coking Coal Limited, Central Mine Planning & Design Institute Limited, South Eastern Coalfields Limited, Northern Coalfields Limited and Mahanadi Coalfields Limited.

  • Continuing Director means, with respect to any Person as of any date of determination, any member of the board of directors of such Person who (i) was a member of such board of directors on the Closing Date, or (ii) was nominated for election or elected to such board of directors with the approval of the required majority of the Continuing Directors who were members of such board at the time of such nomination or election.

  • Qualified Bank means a U.S. commercial bank or the U.S. branch office of a foreign bank, in either case, having (x) assets on its most recent audited balance sheet of at least $10,000,000,000 and (y) a rating for its senior long-term unsecured debt obligations of at least (A) “A-” by S&P and “A3” by Moody’s, if such entity is rated by both S&P and Moody’s or (B) “A-” by S&P or “A3” by Moody’s, if such entity is rated by either S&P or Moody’s but not both.

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.