Participating Bank definition

Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

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Participating Bank means any bank or financial institution that participates in making available PayNow to its customers.

Participating Bank is defined in Section 1.2(d) hereof.

Examples of Participating Bank in a sentence

• Fees owed by any Participating Bank to the applicable Fronting Bank pursuant to Section 2.03(i) shall accrue for the account of such Participating Bank only during such period as such Lender is a Participating Bank with respect to any such Several Letter of Credit.

• The Agent shall notify each Participating Bank of the contents of such notice promptly after receipt thereof.

• Letter of Credit Issuing Bank (in its capacity as seller of a Participation pursuant to this Article IV) shall owe each Participating Bank (in its capacity as purchaser of a Participation pursuant to this Article IV) no duty except as specifically set forth in this Article IV.

• In this case, the Bank shall bear the liability to repay an amount corresponding to the Public Liability to the Participating Bank (hereinafter referred to as a “Compensation Liability”).

• The relationship between Letter of Credit Issuing Bank (in its capacity as seller of a Participation pursuant to this Article IV) and each Participating Bank (in its capacity as purchaser of a Participation pursuant to this Article IV) is and shall be that of a purchaser and seller of a property interest and not a creditor-debtor relationship or joint venture.

More Definitions of Participating Bank

Participating Bank means, from time to time, with respect to any Several Letter of Credit, a Lender that is unable to issue such Letter of Credit because (a) it is unable due to regulatory restrictions or other legal impediments based on its relationship to the beneficiary, (b) it is not, or has lost its status as, an NAIC Approved Bank (if such Letter of Credit must be issued by NAIC Approved Banks), or (c) it does not engage in transactions in the requested Alternative Currency.

Participating Bank means any bank other than the Bank participating in the Interswitch or Visa Payment System.

Participating Bank has the meaning specified in Section 2.03(a)(v).

Participating Bank means a State- or federally-chartered bank,

Participating Bank shall have the meaning set forth in Section 2.02.

Participating Bank is defined in Section 1.3(d) hereof.

Participating Bank means a private commercial bank registered according to the applicable laws and regulations of the Guarantor and selected by the Borrower pursuant to criteria set forth in paragraph 1 of Section I.B of Schedule 2 to this Agreement.