New Bank definition

New Bank as defined in subsection 2.20(b).
New Bank has the meaning specified in Section 2.6(a).
New Bank means a savings bank not engaged in the business of banking prior to the consolidation under this section.

Examples of New Bank in a sentence

  • New bank accounts can only be registered using the designated “Bank Accounts Registration Form”.

  • New bank account arrangements may only be made with effect from the beginning of each financial year.

  • Registered bank accounts may also be used for verification of payins (i.e. receiving of subscription funds) to ensure that a third party payment is not used for mutual fund subscription.Change of Bank New bank accounts can only be registered using the designated “Bank Accounts Registration Form”/’Change of Bank Form’.

  • A “CANCELLED” original cheque leaf of the New bank account as well as the Existing bank account (if any) currently registered with SBIMF under their respective folios (where the first holder’s/investor’s name is printed on the face of the cheque).2.

  • New bank accounts can only be registered using the designated “Bank Account Registration Form/Multiple Bank Account Registration Form”.


More Definitions of New Bank

New Bank means a savings bank that is a party to a consolidation agreement and is not engaged in the business of banking prior to the consummation of the consolidation or merger provided for in the consolidation agreement.
New Bank means a bank or national banking association that is a party to a consolidation agreement and is not engaged in the business of banking before the consummation of the consolidation or merger provided for in the consolidation agreement.
New Bank means each financial institution that executes and delivers to the Administrative Agent a signature page to this Amendment on which it is indicated that such financial institution is a “New Bank”.
New Bank is defined in clause (b) of Section 2.17.
New Bank has the meaning set forth in Section 2.14.
New Bank means each of the Persons listed on Schedule I that is not a Continuing Bank.
New Bank has the meaning specified in Section 2.19(c).