Qualified Financial Institutions definition

Qualified Financial Institutions. (as defined in the Certificate) to which such Common Stock has been pledged shall be permitted to own such Common Stock upon foreclosure of such Common Stock in accordance with the terms of any agreement evidencing such pledge, subject to such ownership and transfer restrictions set forth in the Certificate.
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Qualified Financial Institutions means a bank, trust company, national banking association insurance company or other financial services company or entity, whose unsecured loan term debt obligations (in the case of a bank, trust company, national banking association or other financial services company or entity) or whose claims paying abilities (in the case of an insurance company) are rated in any of the two highest rating categories by Fitch IBCA, Inc., Mood’s Investors Service, Inc. or Standard & Poor’s Ratings Group.
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Qualified Financial Institutions means banks, insurance companies, investment companies, mutual funds, investment banks, and other recognized financial institutions.
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Examples of Qualified Financial Institutions in a sentence

  • Custodians of Custodial Accounts may be Qualified Financial Institutions, other insured financial institutions satisfactory to the Secretary, or Demonstration Project Grantees.

  • Selection, Approval of Brokers, Qualified Financial Institutions The Treasurer and/or the JCSA’s Investment Manager shall maintain a list of financial institutions and broker/dealers that are approved for investment purposes (“Qualified Institutions”).

  • Whereas trustees of the trusts created under Paragraph (4) must be Qualified Financial Institutions, the assets of the custodial account may be held by a bank or another ‘‘person’’ (or institution) who demonstrates to the satisfaction of the Secretary that the manner in which the account will be administered will be consistent with the provisions of the AFI Act, and that the IDA’s will be created and maintained as described in paragraph (4) and Section 404(5)(A) of the AFI Act.

  • Not more than 75% of the funds available for investment may be placed in a single allowable investment instrument or with a single investment entity (Bank, Illinois Funds, and Intermediary.) 2.3.3 Qualified Financial Institutions and IntermediariesA.

  • Qualified Financial Institutions and Intermediaries (continued)2.

  • Qualified Financial Institutions and Intermediaries Financial InstitutionsThe Chief Investment Officer shall establish a list of authorized depositories, investment managers, dealers and brokers based upon the creditworthiness, reputation, minimum capital requirements, qualifications under State law, as well as a long history of dealing with public fund entities.

  • If the Trustee of the Trust is a Japanese bank licensed under the Banking Act, this requirement is satisfied since a bank licensed under the Banking Act is defined as one of the Qualified Financial Institutions.

  • In assessing Midwest’s application, FRB Chicago followed Treasury’s guidance entitled Process for Evaluation of QFI [Qualified Financial Institutions] Participation in the TARP Capital Purchase Program.

  • To pay or provide for the payment of the retirement, death, and termination benefits contemplated herein.All funds received by the Trustees hereunder as a part of the Trust Fund shall be deposited in accounts at one or more Qualified Financial Institutions designated by the Trustees for that purpose.

  • The Treasurer or designee shall only purchase securities from Qualified Financial Institutions and investment institutions which are designated as Primary Dealers by the Federal Reserve Bank of New York.


More Definitions of Qualified Financial Institutions

Qualified Financial Institutions means (a) banks, bank holding companies, savings banks, savings and loans and credit unions with assets of less than $10 Billion according to the most current McFadden Financial Directory, and (b) service bureaus or similar outsxxxxxxx partners processing checks or images for any financial institutions described in clause (a). Except as modified by the provisions below, the terms and conditions of this reseller relationship shall be substantially the same as the terms and conditions of the Marketing Agreement, with the parties substituted appropriately, and such unmodified terms and conditions of the Marketing Agreement, with the parties substituted appropriately, and such unmodified terms and conditions are hereby incorporated into this Agreement by this reference for these limited purposes.
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Qualified Financial Institutions. (as defined below) as collateral for loans in connection with the ownership of Debentures, Debentureholder shall not give, sell, assign, pledge, encumber, hypothecate, transfer or otherwise dispose of any Debentures, without first offering in writing to sell the Debentures to the Corporation. The offer to sell the Debentures to the Corporation by the Debentureholder shall be accepted by the Corporation and a notice of acceptance shall be given to the Debentureholder within 30 days following receipt of the offer from Debentureholder. "Qualified Financial Institution" shall mean any bank, banking association, trust company, savings bank, credit union, savings and loan association or other financial institution which is engaged in the business of banking or making commercial or consumer loans, or any subsidiary or affiliate of any such entity.
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Qualified Financial Institutions means a bank organized under state or federal law with capital and surplus in excess of $500,000,000 and which is not a Participant or an Affiliate of a Participant.
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Qualified Financial Institutions means Debt Financing Sources reasonably acceptable to Buyer (it being agreed that regulated banks chartered in the United States regularly participating in the U.S. syndicated loan market (including through their financing affiliate) as left lead arranger for financings similar to the Debt Financing shall be deemed so acceptable to Buyer).
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Qualified Financial Institutions means a commercial bank having capital and surplus in excess of US$500,000,000 (or the Equivalent Amount) in Canada or the United States and having a long term credit rating of at least A+ by S&P (or any equivalent rating service acceptable to the Majority Lenders).
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Related to Qualified Financial Institutions

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • 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.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form 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.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Participating Financial Institution means a financial institution participating in EMT Services and/or Online Payment Services, as the case may be.

  • Qualified United States financial institution means an institution that:

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 2(b) of Article 5 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Educational institutions means schools and suchlike institutions;

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any combination of any of the foregoing entities.

  • Minority institutions , as used in this clause, means an institution of higher education meeting the requirements of section 1046(3) of the Higher Education Act of 1965 (20 U.S.C. 1135d-5(3)) which for the purposes of this clause includes a Hispanic-serving institution of higher education as defined in section 316(b)(1) of the Act (20 U.S.C.