International Banking Facility Sample Clauses

International Banking Facility. The Borrowers, entities located outside the United States of America, understand that it is the policy of the Board of Governors of the U.S. Federal Reserve System that extensions of credit by international banking facilities, such as the Loan hereunder, may be used to finance the non-U.S. operations of the Borrowers or the Borrower’s Affiliates located outside the United States.
Sample 1See All (5)
AutoNDA by SimpleDocs
International Banking Facility. Each Lender may book extensions of credit hereunder on the books and records of its international banking facility, which will constitute an extension of credit within the meaning of Section 204.8(a)(3) of Regulation D of the Board of Governors of the Federal Reserve System (“Regulation D”). Accordingly, pursuant to Regulation D, the Borrower acknowledges that the Lenders have notified the Borrower that it is the policy of the Board of Governors of the Federal Reserve System that extensions of credit by international banking facilities may be used only to finance operations outside the United States of the Borrower or of its Affiliates located outside the United States. The Borrower hereby agrees to comply with such policy.
Sample 1
International Banking Facility. In any case, the insurance of the Overseas Private Investment Corporation (OPIC) shall not cover Banca Promerica.
Sample 1
International Banking Facility. (1) Within ninety (90) days of the date of this Agreement, the General Manager, with approval of the Board, shall develop, implement, and thereafter ensure the Branches adherence to a written program of policies and procedures to establish lines of credit with their International Banking Facility (“IBF”) and an expanded audit program that includes:
Sample 1
International Banking Facility. (IBF) Time Deposits If a Time Deposit is established in DI’s International Banking Facility (IBF), federal regulations require a minimum maturity or required notice period prior to withdrawal, of two (2) Business Days. Additionally, federal regulations will not permit a deposit or withdrawal of less than US$100,000 except withdrawal of interest earned or to close the Account. It is policy of the Board of Governors of the Federal Reserve System that, with respect to non-bank customers, deposits received by International Banking Facilities may be used only to support the non-U.S. operations of a depositor (or its foreign affiliates), located outside of the United States and that extensions of credit by International Banking Facilities may be used only to finance the non-U.S. operations of a customer (or its foreign affiliate) located outside of the U.S.
Sample 1

Related to International Banking Facility

  • Investment Banking Services Except as described in the Registration Statement, the Statutory Prospectus and the Prospectus, during the period beginning 180 days prior to the initial confidential submission of the Registration Statement and ending on the Effective Date, no Member and/or any person associated or affiliated with a Member has provided any investment banking, financial advisory and/or consulting services to the Company.

  • Financial Services The aim of cooperation shall be to achieve closer common rules and standards in areas including the following:

  • Mortgage Banking Business Except as has not had and would not reasonably be expected to have a Material Adverse Effect:

  • International Assignor hereby requests such “open access” publication of the Animated abstract and agrees to pay the applicable Fee in accordance with the terms below: [ ] YES [ ] NO The Fee shall be paid initially with a US$ 500 advance payment on giving the Publisher the instruction to start work on the Animated Abstract, and US$ 450 (English language edition) or US$ 950 (Foreign language edition) on completion of the Animated Abstract. PAYMENT TERMS: Xxxxxxx Science shall invoice the Assignor in respect of the Fee. The Assignor shall pay the Fee to Xxxxxxx Science within 15 days of the date of invoice by means of cheque made payable to “Xxxxxxx Science Publishers Ltd”, or by credit card payment or by bank wire transfer. On making bank payments, please ensure that reference is made to our invoice number to avoid your payment not being traced. The Fee shall be paid in full without any deduction or withholding other than as required by law and the Assignor shall not be entitled to assert any credit, set-off, deduction, counterclaim or abatement of any nature whatsoever against Xxxxxxx Science in order to justify withholding payment of any such amount in whole or in part. If the Assignor is required, pursuant to any applicable present or future law, rule or regulation of any competent governmental or other administrative body, to make any deduction or withholding from any amount payable to Xxxxxxx Science pursuant to this Agreement, the Assignor shall pay to Xxxxxxx Science an additional amount as will, after the deduction or withholding has been made, leave Xxxxxxx Science with the same amount as it would have been entitled to receive in the absence of any such requirement to make a deduction or withholding; promptly pay to the relevant authority the amount of such deduction or withholding; and provide evidence of the same to Xxxxxxx Science on request.

  • EEA Financial Institution No Loan Party is an EEA Financial Institution.

  • Nature of Business; International Operations Neither the Borrower nor any Restricted Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

  • Termination and Replacement of Financial Institution The Financial Institution may terminate its rights and obligations under this Agreement if the Secured Party resigns or is removed as Indenture Trustee under the Indenture. The Grantor may terminate the rights and obligations of the Financial Institution if the Financial Institution ceases to be a Qualified Institution. No termination of the Financial Institution will be effective until new Collateral Accounts are established with, and the cash and other financial assets credited to the Collateral Accounts are transferred to, another securities intermediary who has agreed to accept the obligations of the Financial Institution under this Agreement or a similar agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.