Debtor Bank definition

Debtor Bank means a Financial Institution where the debtor’s payment’s account to be debited is held.
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Debtor Bank. “Paying Bank” or “Issuing Bank” is the Bank having the relationship with the Payer and making the payment pursuant to the receipt of a Payment Instruction;
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Examples of Debtor Bank in a sentence

  • In case of negative outcome of the checks the Debtor Bank sends a message of “Negative Response to the Request for Detailed Reporting” containing the specific reject reason:  Identification of the Forecast Report not found;  No mandate found.

  • The “Advanced” module supplements the functionalities of the “Basic” module by giving the possibility to the Creditor to delegate to the Debtor PSPs the activities connected with the acquisition and storage6 of the mandates signed by the Debtor at its PSP (the so called Debtor Bank Mandate Flow or DMF scheme - not provided in the SDD Schemes).

  • Mandate: The expression of consent and authorization given by the Debtor to the Creditor (and directly or indirectly through the Creditor to the Bank) to allow such Creditor to initiate Collections for debiting the specified Debtor's account and to allow the Debtor Bank to comply with such instructions in accordance with the Rulebook.

  • The act that discharges obligations with respect to the Transfer of Funds between Creditor Bank and Debtor Bank.

  • Return: A Collection that is diverted from normal execution after inter-bank Settlement and is initiated by the Debtor Bank.

  • Escrow Agent is authorized to use the following funds transfer instructions to disburse any funds to the following parties without a verifying call-back as set forth in Section 3(b) below: Reorganized Debtor: Bank name: Northwest Bancorporation of Illinois, Inc.

Related to Debtor Bank

  • Debtor means a person who is liable on a claim.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, or otherwise, on and after the Effective Date.

  • Debtors has the meaning set forth in the Recitals.

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Debtor Laws means all applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time to time in effect affecting the rights of creditors or debtors generally.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Payor bank means a bank that is the drawee of a draft.

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Prepetition means arising or accruing prior to the Petition Date.

  • Non-Debtor Affiliate means any Affiliate of the Debtors that is not a Debtor in the Chapter 11 Cases.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.

  • Chapter 11 means Chapter 11 of the Bankruptcy Code.

  • Debtor in Possession means any Debtor, in its capacity as a debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

  • PNC Bank means PNC Bank, National Association.

  • Debtor Release means the release given on behalf of the Debtors and their Estates to the Released Parties as set forth in Article VIII.D of the Plan.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Delaware Bank has the meaning specified in the preamble to this Trust Agreement.

  • Prepetition Agent means Goldman Sachs Bank USA in its capacity as administrative agent and collateral agent under the Prepetition Credit Agreement.