Receiving Bank definition

Receiving Bank means the financial institution where a Receiving Party maintains its account.

Receiving Bank means the bank to which the sender's instruction is addressed.

Receiving Bank means the bank to which the sender’s instruction is addressed.

Examples of Receiving Bank in a sentence

• A Disbursement Request expressed in US Dollars will be sent in US Dollars, even if the Receiving Party or Receiving Bank is located outside the United States.

• Funds disbursed pursuant to a Disbursement Request may be transmitted directly to the Receiving Bank, or indirectly to the Receiving Bank through another bank, government agency, or other third party that Administrative Agent considers to be reasonable.

• Administrative Agent may rely solely (i) on the account number of the Receiving Party, rather than the Receiving Party’s name, and (ii) on the bank routing number of the Receiving Bank, rather than the Receiving Bank’s name, in executing a Disbursement Request.

• Said instructions shall include the Borrower’s Name; Title/Escrow # and/or Loan # ; the person/entity to receive the Initial Loan Disbursement (“Receiving Party”); the Receiving Party’s full account name; Receiving Party’s account number at the receiving bank (“Receiving Bank”); Receiving Bank’s (ABA) routing number; city and state of the Receiving Bank; and the amount of the Initial Loan Disbursement (not to exceed the Maximum Initial Loan Disbursement Amount set forth above).

• Said instructions shall include the Borrower’s Name; Title/Escrow # and/or Loan # ; the person/entity to receive the Subsequent Loan Disbursement (“Receiving Party”); the Receiving Party’s full account name; Receiving Party’s account number at the receiving bank (“Receiving Bank”); Receiving Bank’s (ABA) routing number; city and state of the Receiving Bank; and the amount of the Subsequent Loan Disbursement (not to exceed the Maximum Subsequent Loan Disbursement Amount set forth above).

More Definitions of Receiving Bank

Receiving Bank means the account holding bank of the accounts, to which the funds are deposited in the interbank fund transfers transaction;

Receiving Bank means an Authorised Deposit taking Institution which has subscribed to the ePayments Code or which receives payments processed through the New Payments Platform (including Osko®) and whose customer has received an internet payment.

Receiving Bank means the bank to which the sender's

Receiving Bank means an Authorised Deposit taking Institution which has subscribed to the ePayments Code and whose customer has received an internet payment.

Receiving Bank means a bank designated in an item to receive the item from a Reserve Bank. With respect to a credit item subject to Article 4A, the term receiving bank may include a beneficiary as defined in Article 4A.

Receiving Bank means an Authorised Deposit taking Institution which receives payments processed through the New Payments Platform (including Osko®) and whose customer has received an internet payment.

Receiving Bank means Bank of China (Hong Kong) Limited;