Participant Bank definition

Participant Bank means, with respect to each Letter of Credit, each Bank other than the Letter of Credit Agent.

Participant Bank means HSBC Bank plc and any of its assignees pursuant to clause 5 (Assignment) of the Participation Agreement.

Participant Bank means either the MPF Provider or any MPF Bank, as the case may be, which is the owner of a Participation Interest.

Examples of Participant Bank in a sentence

• The client further agrees that the client shall not close/change the details of the Demat account/ Bank account without prior notification to the Stock broker and the Client agrees that the stock broker may instruct the Depository Participant/ Bank of the Client to reject any such request received from the Client.

• You should also regularly check our website for changes to the Participant Bank List.

• In the event HLBB/HLISB ceases or is no longer a Participant Bank, HLBB/HLISB shall notify the Customer through HLBB’s/HLISB’s website or in any other manner as HLBB/HLISB deems fit.

• Such payments to the Participant Bank shall be first applied to accrued interest and then to the repayment of the amounts initially owed to the Participant Bank.

• If the Lead Bank makes any such advance, then the Participant Bank shall immediately reimburse the Lead Bank upon demand.

More Definitions of Participant Bank

Participant Bank means any national or state bank participating in any Loan with the Lender through an interbank agreement.

Participant Bank. As defined in Section 2.11.

Participant Bank means CoreStates Bank, N.A., a national banking association;

Participant Bank means any institution to which the Bank has granted a participation in or assigned, sold, or otherwise transferred the whole or any part of the Bank’s rights or obligations (or both) under this Agreement or any other Related Document. “Payment Draft” has the meaning assigned to that term in the Letter of Credit.

Participant Bank means any Person to which a Bank has sold a participation in the Term Loan, the Second Term Loan or the Revolving Credit under Section 8.14 hereof, and any Person to which a Second Revolving Credit Lender has sold a participation in the Second Revolving Credit under Section 8.14 hereof.

Participant Bank and “Agent Bank” mentioned in the agreement should be explained as any legal successor and allowed transferee.

Participant Bank means a licensed commercial bank operating in Hong Kong which participates in HKICL FPS and is capable of processing its customers' funds transfer instructions through the HKICL FPS;