Qualifying Financial Institution definition

Qualifying Financial Institution means a state or national chartered bank, a state or federal chartered credit union, a state or federal chartered savings and loan association, or savings bank, or an institution under the farm credit act of 1971, Public Law 92-181, 85 Stat. 583.

Qualifying Financial Institution means any bank or financial institution that as part of its business generally receives deposits or other repayable funds and grants credits for its own account.

Qualifying Financial Institution means one or more banks or other financial institutions, each of which, at the time of the execution or transfer of the Qualifying Exchange Agreement, shall have assets of at least 10 billion Dollars and a long term senior unsecured debt rating, from Standard & Poor's and any one of Mxxxx'x, Duff & Pxxxxx or Fitch Investors Services, of at least A+ (single A plus) or equivalent, provided that if any such financial institution is not headquartered in the United States and any applicable rating agency requires such a legal opinion, such financial institution shall provide a standard legal opinion with respect to enforceability of any order or judgment of any court or other governmental or administrative agency obtained in the United States against such financial institution in the jurisdiction where such financial institution is headquartered.

Examples of Qualifying Financial Institution in a sentence

• If such conversion would result in a Voluntary Termination Payment, such conversion shall not become effective unless Tenant shall first have paid pursuant to Landlord's direction letter an amount which is equal to the sum of (i) the Voluntary Termination Payment and (ii) the other amounts, if any, required to be paid to the Qualifying Financial Institution under the Qualifying Exchange Agreement as a result of such Voluntary Termination.

• Shares issued on the exercise of optionsThere were no ordinary shares of Aguia Resources Limited issued on the exercise of options during the year ended 30 June 2021 and up to the date of this report.

• Refinancings do not include the sell-down of financing commitments or the assignment of participations in the Debt by the original Lenders to a Qualifying Financial Institution (see the Standard Definition below).

• Will the subscription payment be made from an account in your name held with a bank located in the U.S. or that of a Qualifying Financial Institution (“QFI”)*?❑ Yes❑ No If you answered YES to (b), skip Item II below.

• Any Lender may at any time assign and transfer, all or, subject to clause (a), a portion of its rights and benefits under the Finance Documents to another bank or financial institution which is a Qualifying Financial Institution or, in connection with any payment made to a Covered Tranche A Lender pursuant to any Political Risk Insurance, to the issuer of the relevant policy.

More Definitions of Qualifying Financial Institution

Qualifying Financial Institution means a financial institution that (i) is domiciled in the United States, the United Kingdom, France or Germany, (ii) is located in New York, New York and (iii) has capital and surplus in excess of U.S.$5,000,000,000.

Qualifying Financial Institution means a “bank,” as defined

Qualifying Financial Institution means a bank as defined in section 1 of the Banks Act, 1990, any pension fund or provident fund registered in terms of the Xxxxxxx Xxxxx Xxx, 0000, any unit trust scheme as defined in section 1 of the Unit Trusts Control Act, 1981, any long-term insurer as defined in section 1 of the Long-term Insurance Act, 1998, or any short-term insurer being a person registered or deemed (in terms of the Short-Term Insurance Act, 1998) to be registered as a short-term insurer in that statute, or any other entity that the DoE agrees in writing is a Qualifying Financial Institution;

Qualifying Financial Institution means any commercial bank that is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, and has combined capital and surplus of at least $1,000,000,000.

Qualifying Financial Institution means a corporation that is a deposit-taking institution for the purposes of section 66.1 of the Corporations Tax Act or subdivision b of Division E of Part III of the Taxation Act, 2007; (“institution financière autorisée”)

Qualifying Financial Institution means a bank as defined in section 1 of the Banks Act, 1990, any pension fund or provident fund registered in terms of the Xxxxxxx Xxxxx Xxx, 0000, any unit trust scheme as defined in section 1 of the Unit Trusts Control Act, 1981, any long-term insurer as defined in section 1 of the Long-term Insurance Act, 1998, or any short-term insurer being a person registered or deemed (in terms of the Short-Term Insurance Act, 1998) to be registered as a short-term insurer in that statute.

Qualifying Financial Institution means a bank as defined in section 1 of the Banks Act, 1990, any pension fund or provident fund registered in terms of the Pension Funds Act, 1956, any unit trust scheme as defined in section 1 of the Unit Trusts Control Act, 1981, any long-term insurer as defined in 535 However, with regard to Part B:4 (Project Documents and Project Deliverables: Project Documents), if these changes involve any amendments to Project Documents, then the Institution’s (and the relevant Treasury’s) approval will be required and should be subject to the usual critical due diligence as to their likely impact on risk transfer, affordability and value for money. Institutions must inform the relevant Treasury regarding any such proposed change for which its approval is required.536 This definition follows the assumption that the Project will be funded substantially on a project finance basis. If the Project is funded on a strictly corporate finance basis or on a corporate finance basis with capital contributions from the Institution, then these Refinancing Clauses and definitions should not be incorporated in the PPP Agreement.537 See Part S:83.3 (Miscellaneous: Changes in Shareholding and Control).