Designated Financial Institution definition

Designated Financial Institution shall have the meaning specified in Section 14.12(a).

Designated Financial Institution means a Japanese financial institution or a Japanese financial instruments business operator designated by the Cabinet Order pursuant to Article 6, Paragraph 9 of the Special Taxation Measures Act of Japan (Law No. 26 of 1957, as amended) (the “Special Taxation Measures Act”); and

Designated Financial Institution means a Japanese financial institution or a Japanese financial instruments business operator designated by the Cabinet Order pursuant to Article 6, paragraph 9 of the Special Taxation Measures Law;

Examples of Designated Financial Institution in a sentence

• The final interest rate will be subject to final approval by the Designated Financial Institution.

• However, any such Plan also must allow each eligible participant to have the balance in his SIMPLE IRA held by the Designated Financial Institution transferred without cost or penalty to a SIMPLE IRA maintained by a different financial institution.

• The Purchaser may not be required to provide any income proof, but is required to provide other necessary documents upon request from the Designated Financial Institution.

• The terms and conditions and the approval of applications for the Bridging Loan are subject to the final decision of the Designated Financial Institution, and are not related to the Vendor (who shall under no circumstances be responsible therefor).

• The Purchaser is advised to enquire with Padraic Finance Limited, the service agency of the Designated Financial Institution on details of the terms and conditions of the loan, approval conditions and application procedures of the Bridging Loan before choosing this arrangement.

More Definitions of Designated Financial Institution

Designated Financial Institution has the meaning set forth in Section 3.05.

Designated Financial Institution means a Japanese financial institution or financial instruments business operator falling under certain categories prescribed by the cabinet order under Article 6, Paragraph 9 of the Special Taxation Measures Act;

Designated Financial Institution means a Japanese financial institution falling under certain categories prescribed by the Act on Special Taxation Measures and the Cabinet Order.

Designated Financial Institution means (i) a bank incorporated in Singapore; or (ii) a financial holding company;

Designated Financial Institution has the meaning specified in Section 9.5.

Designated Financial Institution. (DFI) shall mean the financial organization which has been designated by the Employer to receive all contributions made on behalf of all Participants pursuant to the Plan and to perform such other duties as required under Section 408(p)(7) of the Code. For purposes of the SIMPLE IRA Plan, the Custodian shall be the DFI upon the Employer’s designation of such in the Adoption Agreement and acceptance, written or otherwise, of the Employer’s designation delivered to the Employer by Fidelity Investments Institutional Operations Company LLC (FIIOC), as agent for the Custodian. Upon the Custodian’s acceptance of appointment as the DFI for the Employer’s Plan, a Participant will have the right to transfer his or her SIMPLE IRA contributions to another SIMPLE IRA without incurring any cost or penalty or, if the two-year period beginning on the date contributions were first contributed to the Participant’s SIMPLE IRA has elapsed (the “two-year period”), to another IRA without any cost or penalty. The procedures for requesting such transfers without cost or penalty to the Participant will be provided by the Custodian in the Summary Description and Appendix thereof and may be modified from time to time. The Custodian reserves the right to charge the Employer additional plan-level fees to offset FIIOC’s costs of transferring such contributions without cost or penalty to another SIMPLE IRA or IRA established by the Participant upon the Participant’s request.

Designated Financial Institution means a financial institution selected by ITT ESI and meeting the criteria set forth in Exhibit A-1 hereto.