Custodial Bank definition

Custodial Bank means the bank that will receive and retain the Shares of the Company on behalf of the parties, until payment is received and the purchase is complete in accordance with Schedule A. In this case, the Custodial Bank is Xxxxx Brothers Xxxxxxxx, (BBH), New York City, New York. The account holder is Banca MB as the intermediary fund receiving bank.

Custodial Bank means a bank holding on deposit collateral which is security for state bank accounts.

Custodial Bank means [REDACTED].

Examples of Custodial Bank in a sentence

• Fees charged to the Fund (e.g., by the Outsourced Investment Office, Custodial Bank, and Brokers) shall be deducted from the gross value of the applicable Fund prior to each valuation period and prior to calculating the Foundation’s administrative service fee.

• Where a particular Transaction’s term extends over an Income payment date on the Securities subject to that Transaction, Buyer shall on the date such Income is payable cause Custodial Bank to transfer or credit to the account of Seller an amount equal to such Income payment or payments with respect to any Purchased Securities subject to such Transaction.

• Performance Assurance in the form of Cash shall be held solely by a Custodial Bank in accordance with Section 6(b) of the Collateral Annex.

• Segregation may be accomplished by appropriate identification on the books and records of Seller and/or the Custodial Bank.

• Receive and Transmit Contributions: Benefitfocus will receive and transfer via wire or ACH to the Custodial Bank as soon as administratively feasible consistent with the standards set forth by the Department of Labor in 29 C.F.R. Sec.

More Definitions of Custodial Bank

Custodial Bank means a financial institution with the general

Custodial Bank the bank or trust company selected by Seller to hold the Securities for the benefit of Buyer;

Custodial Bank means a federal reserve bank or branch thereof or any bank designated by the board as described in this rule.

Custodial Bank means a ‘bank’ as defined in the Banking Xxx 0000; “Effective Date” means the date on which the Client opens an account with ML and transfer funds to that account; “Investments” means assets bought and sold or which may prospectively be bought and sold by or on behalf of the Client Objective;

Custodial Bank means Designated Financial Institutions as determined by Layer2, at which the Custodial Accounts will be held.

Custodial Bank. “we,” “us” or “our” mean the applicable Custodial Bank. You can find the name of the Custodial Bank for your CD(s) or MMDA(s) (each as defined in Section 1(b) below) here. By clicking “I Agree to the Custodial Agreement” below, you agree to be bound by this Agreement.

Custodial Bank shall have the meaning ascribed to such phrase in Section 3.06 hereof.