Qualifying Banks definition

Qualifying Banks means, as of any determination date, all U.S. federal or state chartered bank or thrift institutions (or their respective holding companies) that (w) file, as of such date of determination, reports with the SEC pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, (x) have common equity securities traded on a national securities exchange or automated quotation system in the United States for no less than 10 years, and have been so traded on such exchange or system for the ten consecutive years prior to such date of determination, and (y) have between U.S.$ 5,000,000,000 and U.S.$50,000,000,000 in assets, as reflected on the consolidated balance sheet of such entity set forth in the consolidated balance sheet included in the quarterly report of such entity publicly available and filed with the SEC for the most recently ended quarterly period prior to such date of determination.
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Qualifying Banks has the meaning given in Section 12.7(d)(iv)(F).
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Qualifying Banks has the meaning assigned to that term in the definition of Cash Equivalents set forth above in this subsection 1.1.
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Examples of Qualifying Banks in a sentence

  • In effecting any Liquidation, the Disposal Agent may sell any Collateral to itself (subject to Condition 13(l) (Notification of Enforcement Event)) or to any of its Affiliates, provided that (i) the Disposal Agent or such Affiliates are Qualifying Banks and (ii) the price for such Collateral is paid to the Custodian or to the order of the Issuer.

  • Each Swiss Borrower shall have Debt owing to no more than twenty (20) lenders that are not Qualifying Banks, including for the purposes of this Section 5.10 any such Debt owing to Affiliates of such Swiss Borrower.

  • Number of Qualifying Banks by Headquartered State and Their CBLRs State Banks Meeting Qualifying Criteria State Banks Meeting Qualifying Criteria Source: Congressional Research Service calculations using data from the Federal Financial Institutions Examination Council, Bulk Data Download website, at https://cdr.ffiec.gov/public/PWS/DownloadBulkData.aspx, accessed on September 14, 2019.Notes: List of bank names available to congressional clients by state upon request.

  • Each Swiss Borrower has Debt owing to no more than twenty (20) Lenders that are not Qualifying Banks, including for the purpose of this Section 3.13 any such Debt owing to Affiliates of such Swiss Borrower.

  • Number of Qualifying Banks and Their CBLRs Source: CRS calculations using data from the Federal Financial Institutions Examination Council, Bulk Data Download website, at https://cdr.ffiec.gov/public/PWS/DownloadBulkData.aspx, accessed on September 14, 2019.Table 1 compares the averages of certain balance-sheet values and ratios at qualifying and nonqualifying banks.

  • Indicative letter of support from at least two Qualifying Banks and Financial Institutions for lending of debt finance for the PPP Project, substantially in the form provided at Annex QD-9A.

  • Each Swiss Borrower shall ensure at any time that it is in compliance with the Swiss Non-Bank Rules; provided, however, that a Swiss Borrower shall not be in breach of this Clause 21.11 if the number of Lenders under this Agreement that are not Swiss Qualifying Banks exceeds 10 solely by reason of a failure by one or more of the Lenders to comply with their obligations under Clause 23 (Changes to Lenders).

  • Each Swiss Borrower is compliant with the Swiss Non-Bank Rules; provided, however, that a Swiss Borrower shall not be in breach of this Clause 18.8 if the number of Lenders under this Agreement that are not Swiss Qualifying Banks exceeds 10 solely by reason of a failure by one or more of the Lenders to comply with their obligations under Clause 23 (Changes to Lenders).

  • Prospective Bidders are required to submit as a part of their Qualification Documents, indicative letters of support from two or more Qualifying Banks and Financial Institutions regarding the provision of debt finance for the Project substantially in the form provided at Annex QD-9A.

  • For the purpose of its compliance with the Swiss Non-Bank Rules under this Clause 6, the Swiss Borrower shall for the purpose of compliance with the Swiss 20-Non-Bank Rule assume that in relation to the Facilities the number of Lender which are not, in each case, Swiss Qualifying Banks is not less than 10 (irrespective of whether or not there are, at any time, any such lenders).


More Definitions of Qualifying Banks

Qualifying Banks 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).
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Related to Qualifying Banks

  • Qualifying Bank means any entity, which effectively conducts banking activities as principal purpose with its own infrastructure and staff and which is recognized as a bank by the banking laws in force in the jurisdiction of its incorporation, or if such entity is acting through a branch in a jurisdiction other than the jurisdiction of its incorporation, in the jurisdiction where such branch is located or registered all in accordance with the Swiss Guidelines.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Irish Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under this Agreement and is:

  • Qualifying Loans has the meaning specified in Section 2.05(d)(iv).

  • UK Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is:

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • Identified Qualifying Lenders has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Continuing Lenders as defined in the recitals hereto.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • Continuing Lender as defined in Section 2.17(a).

  • U.S. Lenders means the financial institutions listed on the signature pages of the U.S. Credit Agreement and their respective successors and assigns.

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

  • Participating Banks means the list of Banks as set out in Table 2 below.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Qualifying Institution means the United States office of a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, or a foreign bank, having assets $10,000,000,000 (net of reserves) and a credit rating on its long-term senior unsecured debt of at least "A" from S&P and "A2" from Moody's.

  • Qualifying child means an individual who:

  • Required Term B Lenders means, as of any date of determination, Term B Lenders holding more than 50% of the Term B Facility on such date; provided that the portion of the Term B Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Lenders.

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Qualifying Facility means an electric energy generating facility that complies with the qualifying facility definition established by PURPA and any FERC rules as amended from time to time (18 Code of Federal Regulations Part 292, Section 292.203 et seq.) implementing PURPA and, to the extent required to obtain or maintain Qualifying Facility status, is self-certified as a Qualifying Facility or is certified as a Qualified Facility by the FERC.