Transferee Financial Institution definition

Transferee Financial Institution means Bank of Montserrat Limited, a corporation incorporated and licensed to carry on banking business under the laws of Montserrat; and
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Transferee Financial Institution means a financial institution that has received or is to receive, and “transferor financial institution” means a financial institution that has transferred or is to transfer, money for deposit into a LIF.
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Transferee Financial Institution means The Bank of Nevis Limited, a corporation incorporated and licensed to carry on banking business under the laws of Saint Christopher and Nevis; and
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Examples of Transferee Financial Institution in a sentence

  • The Specified property, assets, rights, liabilities and obligations of the Bank as are intended by the Agreement to be transferred and vested are, by virtue of this Order and the Banking Act, and without further assurance, from the appointed day hereby transferred to and vested in the Transferee Financial Institution to the intent that the Transferee Financial Institution shall succeeded to that part of the undertaking of the Bank as is contemplated by the Agreement.

  • The Transferee Financial Institution may in accordance with the law relating to corporation tax, carry forward and set off for corporation tax purposes the losses of the Bank that have accrued thereto at the appointed day as if the undertaking of the Bank had not been permanently discontinued on the appointed day and a new banking business had been then set up and commenced by the Transferee Financial Institution.

  • The transfer of, and vesting in, the Transferee Financial Institution of any undertaking by this Banking Business Vesting Order shall not be subject to the provisions of the Stamp Act, and thereby exempt from Stamp Duty.


More Definitions of Transferee Financial Institution

Transferee Financial Institution means 1st National Bank St. Lucia Limited, a corporation incorporated and licensed to carry on banking business under the laws of Saint Lucia;
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Transferee Financial Institution means Republic Bank (EC) Limited, a corporation incorporated under the laws of Saint Lucia and registered and licensed under the laws of Saint Christopher and Nevis;
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Related to Transferee Financial Institution

  • 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.

  • 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.

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

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

  • 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;

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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;

  • 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.

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

  • Qualified United States financial institution means an institution that:

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

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

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

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • approved institution means an entity so named in a Certificate. From time to time the Fund may amend a previously delivered Certificate by delivering to the Transfer Agent a Certificate naming an additional entity or deleting any entity named in a previously delivered Certificate.