Significant Bank definition

Significant Bank means any bank (other than one to which the Trust or a Restricted Subsidiary is indebted) organized under the laws of Canada or the United States, having capital, surplus and undivided profits aggregating at least U.S. $500,000,000 (or its equivalent in Canadian Dollars) and having outstanding senior unsecured indebtedness that is rated “A” or better by Standard and Poor’s Ratings Group, a division of MxXxxx-Xxxx, Inc. a New York corporation, or “A2” or better by Mxxxx’x Investors Services, Inc.
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Significant Bank means a bank defined as significant by the Bank of Slovenia on the basis of this Act, in connection with the enforcement of requirements set out for significant banks herein;
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Significant Bank means any bank (other than one to which the Company or a Restricted Subsidiary is indebted) organized under the laws of Canada or the United States, having capital, surplus and undivided profits aggregating at least U.S. $500,000,000 (or its equivalent in Canadian Dollars) and having outstanding senior unsecured indebtedness that is rated “A” or better by Standard and Poor’s Ratings Group, a division of McGraw-Hill, Inc. a New York corporation, or “A2” or better by Moody’s Investors Services, Inc.
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Examples of Significant Bank in a sentence

  • Significant Nonbank Financial Company and Significant Bank Holding Company As discussed above, the proposed rule also defines the terms “significant nonbank financial company” and “significant bank holding company,” which are used in connection with the criteria the Council must consider in determining whether to require that a nonbank financial company become supervised by the Board under section 113 of the Dodd-Frank Act.

  • The circumstances in which IGL will confirm that no distribution or sale is to take place are likely to be where IGL or a Significant Bank in the IGL group is the subject of a Liquidation Event or an Insolvency Event.

  • AmerenIP points out that Moody’s further reinforced this view in an October 2009 Special Comment “Investor-Owned Utilities Face Significant Bank Facility Refinancing Risk as Substantial 2011-2012 Maturities Approach.” At this time, bank markets were highly distressed with no sign of when or whether that market would being to improve and improve to a level such that these facilities, which are critical for maintaining availability resources, could be renewed.

  • For this purpose,to R4renamed to P1renamed to P3access to R8P0 P1 P2 P3 P79we introduce Least Significant Bank Pointer (LSBP) to indi- cate the bank which contains the least significant portion of the sub-word.

  • Requirements for Evaluation/Approval of Significant Bank Shareholders% Yes% Yes% YesMinimum level of education423744Minimum level of financial and/or banking related experience615463Financial capacity to support bank capital939194No criminal record948996No bankruptcy record929193Lack of conflict of interest818081C.

  • As in the case of the EU, the turn of the millennium marked a significant shift in Russian foreign policy, not only toward Eastern European and South Caucasian countries but also the EU itself.

  • Within forty-five (45) days after the date of this Agreement, the Borrower will either close the accounts identified on Schedule 4.15 in which balances are maintained at any time in excess of $7,500 (each, a "Significant Bank Account") and that are maintained with any bank other than a Lender, or deliver to the Agent a Depository Account Control Agreement duly executed by the owner of such account (either the Borrower or the Borrower's Subsidiary, as the case may be) and such bank.

  • In addition, the Borrower shall deliver to the Agent a Depository Account Control Agreement duly executed by the owner(s) of any additional Significant Bank Accounts that are permitted under this Section (either the Borrower or the Borrower's Subsidiary, as the case may be) within forty-five (45) days after the date of this Agreement as to any such accounts existing on the date of this Agreement, and prior to the establishment of any such account that is opened after the date of this Agreement.

  • None of the outstanding shares of capital stock of any Significant Bank Subsidiary was issued in violation of preemptive or other similar rights of any securityholder of such Significant Bank Subsidiary.


More Definitions of Significant Bank

Significant Bank means any bank (other than one to which the Trust or a Restricted Subsidiary is indebted) organized under the laws of Canada or the United States, having capital, surplus and undivided profits aggregating at least U.S. $500,000,000 (or its equivalent in Canadian Dollars) and having outstanding senior unsecured indebtedness that is rated “A” or better by Standard and Poor’s Ratings Group, a division of XxXxxx-Xxxx, Inc. a New York corporation, or “A2” or better by Xxxxx’x Investors Services, Inc.\Shareholders’ Equity” means at any time, the shareholders’ equity in the Company as shown on the then most recently prepared annual or quarterly consolidated financial statements of the Company, minus the equity (including, without limitation, all retained earnings) attributable to any Non-Recourse Project of the Company and its Subsidiaries in respect of which Non-Recourse Debt is outstanding.
Sample 1

Related to Significant Bank

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Replacement Bank shall have the meaning provided in Section 1.13.

  • Significant Obligor shall have the meaning set forth in Item 1101(k) of Regulation AB under the Securities Act.

  • Majority-Owned Subsidiary of a person means a company fifty percent (50%) or more of the outstanding Voting Securities of which are owned by such person, or by a company which, within the meaning of this paragraph, is a Majority-Owned Subsidiary of such person.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Investment Bank means each of those reputable internationally recognised investment banks, selected from time to time as First Choice Investment Banks or as a Third Investment Bank in terms of Section 1.4 or Section 1.5 of the Subscription Agreement (as the case may be), whose Mandate Letters remain effective.

  • Significant effect under clause 10.3 above includes termination of employment (including redundancy), major changes in the composition, operation or size of the Employer’s workforce or in the skills required, the elimination or diminution of job opportunities, promotion opportunities or job tenure; the alteration of hours of work; changes to safety and/or management systems, any changes to employment practices that result in privacy concerns for employees such as implementation of electronic inductions and/or access systems; the need for retraining or transfer of Employees to other work areas or locations and the restructuring of jobs. Consultation about changes to rosters or hours of work

  • Significant Effects under this clause 11 include termination of employment (including redundancy), major changes in the composition, operation or size of the Employer’s workforce or in the skills required, the elimination or diminution of job opportunities, promotion opportunities or job tenure; the alteration of hours of work; the need for retraining or transfer of Employees to other work areas or locations and the restructuring of jobs. Consultation about changes to rosters or hours of work

  • Insignificant Subsidiary means, on any date, any Subsidiary of Caterpillar or CFSC whose aggregate asset value, as reasonably calculated by Caterpillar in accordance with generally accepted accounting principles, is at less than or equal to $50,000,000 on such date.

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  • Significant Restricted Subsidiary means any Restricted Subsidiary, or group of Restricted Subsidiaries, that would, taken together, be a “significant subsidiary” as defined in Article 1, Rule 1-02 (w)(1) or (2) of Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the Issue Date.

  • Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

  • Significant emissions unit means an emissions unit that emits or has the potential to emit a PAL pollutant in an amount that is equal to or greater than the significant level (as defined in section 140 or in the Act, whichever is lower) for that PAL pollutant, but less than the amount that would qualify the unit as a major emissions unit as defined in section 079.

  • Treasury Management Bank means (a) any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Treasury Management Agreement with any Loan Party and (b) any Lender or Affiliate of a Lender that is a party to a Treasury Management Agreement with any Loan Party in existence on the Closing Date.

  • Non-significant effect means no substantial change to an environmental component and this has no material bearing on the decision-making process.

  • Significant Industrial User (SIU) means any industrial user that:

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Significant tree means a tree:

  • Wholly Owned Subsidiary of any Person means a Subsidiary of such Person all of the outstanding Capital Stock or other ownership interests of which (other than directors' qualifying shares) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries of such Person and one or more Wholly Owned Subsidiaries of such Person.

  • Significant other means that a relationship exists between two people, neither of whom is married, that is intended to remain indefinitely and where there is joint responsibility for each other’s common welfare, there are significant shared financial obligations, and they must be living together in a shared primary residence. This relationship must have existed for at least six (6) continuous months before benefits under this Article may be provided. Employees are encouraged to consult with their agency/department Personnel Officer to determine if they are eligible for benefits available under the Federal Family and Medical Leave Act. A medical examination or doctor's certificate may be required on account of use of sick leave for five (5) or more consecutive workdays, or because of repeated absences on days preceding or days following a holiday or weekend. When a medical examination or doctor's certificate is required on account of use of sick leave in excess of five (5) consecutive workdays, the State shall pay the difference between the cost of obtaining such certificate and the amount covered by insurance.