Prime Bank definition

Prime Bank means a bank determined by ASX Benchmarks Pty Limited (or any other person which takes over the administration of BBSY for Australian dollars) as being a Prime Bank or an acceptor or issuer of bills of exchange or negotiable certificates of deposit for the purposes of calculating BBSY. If ASX Benchmarks Pty Limited or such other person ceases to make such determination, the Prime Banks shall be the Prime Banks last so appoint.
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Prime Bank means a financial institution with a rating of not lower than A3 (Xxxxx’x Investor Services, Inc.) or A- (Standard & Poor’s Corporation).
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Prime Bank means a bank or trust company whose long-term unsecured debt is rated “A2” or better by Xxxxx’x Investors Service, Inc. or “A” or better by Standard & Poor’s, Inc. ratings services.
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Examples of Prime Bank in a sentence

  • Each order submitted by the Distributor shall be accompanied by a Irrevocable Confirmed Letter Of Credit issued by a Prime Bank to the First Tennessee Bank, 0000 Xxxxx Xxxx.

  • If an Interest Rate Basis for this Note is the Prime Rate, as indicated above, the Prime Rate shall be determined on the applicable Interest Determination Date (a U.S. "Prime Rate Interest Determination Date") as the rate on that day published in H.15(519) under the heading "Prime Bank Loan".

  • For the avoidance of doubt, the foregoing is not intended to restrict or prohibit the Parties from disclosing the Confidential Information of a Disclosing Party with and among the Parties or to restrict or prohibit the Parties from disclosing the Confidential Information of the Disclosing Party with respect to coordination of the Program with the program of the Prime Bank.

  • FDS Bank shall fund all Cardholder Indebtedness under the Employee Accounts until such time as such Cardholder Indebtedness is transferred to Prime, Bank (or its designee) pursuant to this Schedule 2.1(b).

  • Prior to each Drawing of the Term Loan, the Company shall procure the requisite Guarantee from a Prime Bank with a credit rating which satisfies the Board's requirements and in the event that during the currency of this Agreement the credit rating of the Prime Bank falls below the Board's requirements, the Company shall immediately take steps to replace the Guarantee with one from an approved Prime Bank with the requisite rating.

  • Such compensation shall be calculated by attributing interest to such delays based on an interest rate calculated by equal weightings of the Prime Bank Lending Rate and the 10 year United States Treasury Xxxx as quoted daily in The Wall Street Journal as of the third anniversary date of this Agreement (the “Interest Rate”).

  • ORGANIZATION For purposes of satisfying the Service requirements for eligibility, Hours of Service shall include Service with the following predecessor organization(s): (These hours will also be used for vesting purposes.) First Central Bank American International Bank Prime Bank 14.

  • We consent to the incorporation by reference in this registration statement on Form S-4 of our report dated February 6, 1998, on our audit of the financial statements of Prime Bank of Central Florida as of December 31, 1997 and 1996 and for the years then ended, and to the reference to our firm under the caption "Experts".

  • Straw (the "Participant"), an executive employee of Prime Bank (the "Employer"), in addition to any other benefits or compensation provided to the Participant under any other benefit or compensation plan or agreement of the Employer.

  • Each outstanding share of Prime Bank common stock will be converted into common shares of Colonial BancGroup, Inc.


More Definitions of Prime Bank

Prime Bank means a financial institution with a rating of not lower than A3 (Moody’s Investor Services, Inc.) or A- (Standard & Poor’s Corporation).
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Prime Bank means a bank determined by ASX Benchmark (or any other person which takes over the administration of the Screen Rate for Australian dollars) as being a Prime Bank or an acceptor or issuer of bills of exchange or negotiable certificates of deposit for the purposes of calculating that Screen Rate. If ASX Benchmark or such other person ceases to make such determination, the Prime Banks shall be the Prime Banks last so appointed.
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Prime Bank means a bank which is financially resilient (e.g. a bank having adequate capital and sufficient liquid assets) and which is a major player in the Japan unsecured call market (or in the Japan Offshore Market in the case of Euroyen TIBOR).
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Related to Prime Bank

  • 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.

  • State bank means any bank incorporated pursuant to the provisions of this chapter after January 1, 1970, and any “state bank” incorporated pursuant to the laws of this state and doing business as such on January 1, 1970, or a bank organized as a limited liability company or a mutual corporation under this chapter.

  • Bank is defined in the preamble hereof.

  • GS Bank shall have the meaning assigned to such term in the preamble to this Agreement.

  • PNC Bank means PNC Bank, National Association.

  • NationsBank means NationsBank, N.A. and its successors.

  • L/C Bank means the Acceptable Bank providing a letter of credit pursuant to Section 5.3 of the Facility Lease.

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • Wachovia means Wachovia Bank, National Association.

  • Bank Office means the designated office for payment of the Bank as indicated on the signature page hereof. The Bank will notify the Issuer in writing of any change in location of the Bank Office.

  • KeyBank means KeyBank National Association.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Royal Bank means Royal Bank of Canada.

  • CIBC means Canadian Imperial Bank of Commerce.

  • Bank of America means Bank of America, N.A. and its successors.

  • TD means The Toronto-Dominion Bank.

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • First Nation means the ___________ First Nation, being a band named in the schedule to the Act;

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Foothill means Foothill Capital Corporation, a California corporation.

  • SunTrust means SunTrust Bank.

  • Wells Fargo means Wells Fargo Bank, National Association.

  • Rabobank means Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch.

  • PNC has the meaning set forth in the preamble to this Agreement.

  • The Bank means the Bank of India;

  • Non-U.S. Bank as defined in subsection 2.15(c)(ii).