Approved Institution Sample Clauses

The 'Approved Institution' clause defines which financial institutions or entities are recognized and permitted to perform certain roles or hold specific assets under the agreement. Typically, this clause outlines criteria such as regulatory status, credit rating, or jurisdiction that an institution must meet to be considered 'approved.' For example, it may require that only banks with a certain minimum credit rating or those licensed in a particular country can act as custodians or depositories. The core function of this clause is to ensure that only reliable and reputable institutions are entrusted with important responsibilities, thereby reducing counterparty risk and safeguarding the interests of the parties involved.
Approved Institution. See the definition of "Cash Equivalents". Assignment and Acceptance. See Article XII.
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Approved Institution. The Financial Institution agrees to maintain IOLTA Accounts which meet the Characteristics and other requirements set forth in amended Rule 1.15 to qualify as an “Approved Institution” eligible to offer IOLTA accounts, including the provisions for interest rate comparability, reporting, payment, services charges and any other requirements. The Financial Institution shall respond to all requests for information from the Oklahoma Bar Foundation as to interest rates or dividends paid to its non- IOLTA customers, and to other requests for information that the Foundation may make in determining the Financial Institution’s eligibility to be certified as an Approved Institution.
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Approved Institution the host institution with whom the Approved User is affiliated for the purpose of the research project outlined in the Data and Biosample Access Application Form.
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Related to Approved Institution

  • Financial Institution The Financial Institution will not be liable under this Agreement, except for (i) its own willful misconduct, bad faith or negligence or (ii) breach of its representations and warranties in this Agreement. The Financial Institution will not be liable for special, indirect or consequential losses or damages (including lost profit), even if the Financial Institution has been advised of the likelihood of the loss or damage and regardless of the form of action.

  • Eligible Institution An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

  • SENDING INSTITUTION Country: ............................................................

  • Disqualified Institutions Notwithstanding anything to the contrary herein, if any Loans are assigned or any participations are purchased or otherwise acquired, without the Borrower’s consent (in violation of Section 10.04(b) or (d)), to any Disqualified Institution, then: (i) the Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (x) terminate any commitment of such Disqualified Institution and repay any applicable outstanding Loans (in the case of Term Loans, at a price equal to the lesser of par and the amount that the applicable Disqualified Institution paid to acquire such Loans), plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder, but, notwithstanding anything to the contrary, without premium, penalty, prepayment fee or breakage, and/or (y) require such Disqualified Institution to assign its rights and obligations to one or more Eligible Assignees at the price indicated in the immediately preceding clause (x), plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder, but, notwithstanding anything to the contrary, without premium, penalty, prepayment fee or breakage (which assignment shall not be subject to the processing and recordation fee described in Section 10.04(b)(iii)), (ii) no such Disqualified Institution shall (x) receive any information or reporting provided by the Borrower, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders, (iii) for purposes of voting, any Loans, Commitments or participations held by such Disqualified Institution shall be deemed not to be outstanding and such Disqualified Institution shall have no voting or consent rights with respect to “Required Lender” or Class votes or consents, in each case notwithstanding Section 10.02(b), (iv) for purposes of any matter requiring the vote or consent of each Lender affected by any amendment or waiver, such Disqualified Institution shall be deemed to have voted or consented to approve such amendment or waiver if a majority of the affected Class so approves and (v) such Disqualified Institution shall not be entitled to any expense reimbursement or indemnification rights ordinarily afforded to Lenders or Participants hereunder or in any Loan Document and such Disqualified Institution shall be treated in all other respects as a Defaulting Lender.

  • Institution For the purposes of these Terms and Conditions, the “Institution” means the institution purchasing goods and services for which a Purchase Order has been lawfully issued to the Vendor.