Qualifying Bank means any legal entity which is recognized as a bank by the banking laws in force in its country of organization and which has as its principal purpose the active conduct of banking business and conducts such banking business through its own personnel (which have decision making authority) and on its own premises.

Qualifying Bank means an institution holding a full banking licence under the Banking Ordinance (Cap. 155);

Qualifying Bank means a person or entity which (a) effectively conducts banking activities with its own infrastructure and staff as its principal business purpose and which has a banking licence in full force and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch and (b) is organised under the laws of a country which is a member of the Organisation for Economic Co-operation and Development (OECD).

Examples of Qualifying Bank in a sentence

If the licensee wishes to change to a different Qualifying Bank or another surety, the licensee shall seek prior written approval from the Authority.
The performance bond to be submitted pursuant to Special Condition 28.1 shall be issued by a Qualifying Bank or other surety approved in writing by the Authority.
Notwithstanding any provisions of this Agreement to the contrary, no Person shall be or become an Issuing Bank hereunder unless such Person is a Swiss Qualifying Bank.
Each Lender confirms that it is a Swiss Qualifying Bank or, if not, a single person only for the purpose of the Swiss Non-Bank Rules and any other Person that shall become a Lender or a Participant pursuant to Section 9.04 of this Agreement shall be deemed to have confirmed that it is a Swiss Qualifying Bank or, if not, a single person only for the purpose of the Swiss Non-Bank Rules.
AppraisalsNot required on Streamline mortgages.AssetsCredit Qualifying: Bank statements or VOD; Non-Credit Qualifying: Not required unless assets required for closing.AUSNot applicable.

More Definitions of Qualifying Bank

Qualifying Bank means a bank or institution which is:

Qualifying Bank means, in relation to any Borrower that is organized under the laws of Switzerland, a Lender which is a financial institution which is duly licensed as a bank under the law of its jurisdiction of incorporation and which pursues genuine banking activities in the jurisdiction of its lending office as referred to under the respective regulations of the Swiss Federal Tax Administration, in particular under Section 3.b. of Notes S-02.122.1 as well as under Section I.232 of Notes S-02.128.

Qualifying Bank means an internationally recognised bank:

Qualifying Bank means an institution holding a full banking licence under the Banking Ordinance which long term issuer rating is, or is higher than:

Qualifying Bank means an institution which is a bank as defined for the purposes of Section 349 of the Income and Corporation Taxes Act 1988 and such bank is within the charge to United Kingdom corporation tax as respects to interest which is (or which, if it were a Bank, would be) payable to it hereunder.

Qualifying Bank. (a) means a Bank which is a bank as defined for the purpose of Section 349 of the Taxes Act and which is within the charge to United Kingdom corporation tax as respects interest payable to such Bank under this agreement at the time when such interest is paid

Qualifying Bank means an entity which is duly licensed as a bank and actively engaged in the banking business.