Transferor Bank definition

Transferor Bank has the meaning ascribed thereto in clause 15.3;

Transferor Bank means the selling Bank pursuant to an Assignment and Assumption Agreement.

Transferor Bank means [full name] of [lending office]; and

Examples of Transferor Bank in a sentence

• Neither the Transferor Bank nor the Transferee Bank shall be liable to any person in any respect for any losses, costs, expenses, taxes, duties, claims or demands incurred by any customer as a direct or indirect consequence of any such transfer.

• If the Tender Deposit is paid by way of Bank Transfer and in the event that this tender is unsuccessful, the Lessor is hereby authorised to 5refund the amount of Tender Deposit paid by Bank Transfer to the Tenderer by Bank Transfer in Singapore currency to the bank account at the Transferor Bank as stated in paragraph 5 of this Form of Tender.

• No such transfer is binding on, or effective in relation to, the Borrowers or the Agent unless (i) it is effected or evidenced by a Transfer Certificate which complies with the provisions of this clause 15.3 and is signed by or on behalf of the Transferor Bank, the Transferee Bank and the Agent (on behalf of itself, the Borrowers and the other Creditors) and (ii) such transfer of rights under the other Security Documents has been effected and registered.

• If the Tender Deposit is paid by way of Bank Transfer and in the event that this tender is unsuccessful, the Lessor is hereby authorised to 5refund the amount of Tender Deposit paid by Bank Transfer to the Tenderer by Bank Transfer in Singapore currency to the bank account at the Transferor Bank as stated in paragraph 7 of this Form of Tender.

• In the event that the Transferee Bank does not have its own funds with respect to any such matters, the Transferee Bank shall create its own funds to which the contributions pertaining to the employees of the Transferor Bank shall be transferred.

More Definitions of Transferor Bank

Transferor Bank has the meaning set out in clause 15.3;

Transferor Bank or “Transferor Lender” means the bank or financial institution with whom the Borrower is enjoying credit facility or to whom the Borrower is indebted under any credit facility, as on the date of submission of Application Form to USFB, and from whom USFB propose to take over.

Transferor Bank means ‘The Lakshmi Vilas Bank Ltd., a banking company having its Registered Office at Karur, Tamil Nadu’;

Transferor Bank has the meaning given to that term in Clause 27.3.

Transferor Bank means the Punjab and Maharashtra Co-operative Bank Limited‘, a Multi-State Scheduled Cooperative Bank having its Registered Office at Mumbai, Maharashtra;

Transferor Bank has the meaning given to it in clause 15.3; "Trust Deed" means a trust deed dated 7 February 2012;

Transferor Bank means the District Co-operative Bank as defined under clause (ia) of the Section;]