Depository Institution. The term ‘‘de- pository institution’’ has the same meaning as in section 3 of the Federal Deposit Insurance Act.
Depository Institution. “Depository institution” has the meaning set forth in
Depository Institution an Entity that accepts deposits in the ordinary course of a banking or similar business.
Depository Institution. The term U.S. depository institution means any entity (including its foreign branches) organized under the laws of the United States or any jurisdiction within the United States, or any agen- cy, office, or branch located in the United States of a foreign entity, that is engaged primarily in the business of banking (for example, banks, savings banks, savings associations, credit unions, trust companies, and United States bank holding companies) and is subject to regulation by federal or state banking authorities.
Depository Institution. The term U.S. depository institution means any entity (including its foreign branches) organized under the laws of the United States or any jurisdiction within the United States, or any agen- cy, office, or branch located in the United States of a foreign entity, that is engaged primarily in the business of banking (for example, banks, savings banks, savings associations, credit unions, trust companies, and United States bank holding companies) and is subject to regulation by federal or state banking authorities. The term U.S. financial institution means any U.S. entity (including its foreign branches) that is engaged in the business of accepting deposits, making, granting, transferring, hold- ing, or brokering a loan or other exten- sion of credit, or purchasing or selling foreign exchange, securities, com- modity futures or options, or procuring purchasers and sellers thereof, as prin- cipal or agent. It includes but is not limited to depository institutions, banks, savings banks, trust companies, securities brokers and dealers, com- modity futures and options brokers and dealers, forward contract and foreign exchange merchants, securities and commodities exchanges, clearing cor- porations, investment companies, em- ployee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. sub- sidiaries of any of the foregoing. This term includes those branches, offices, and agencies of foreign financial insti- tutions that are located in the United States, but not such institutions’ for- eign branches, offices, or agencies. The term U.S. registered broker or dealer in securities means any U.S. cit- izen, permanent resident alien, or enti- ty organized under the laws of the United States or of any jurisdiction within the United States (including its foreign branches), or any agency, of- fice, or branch of a foreign entity lo- cated in the United States, that:
Depository Institution. “Depository institution” means an entity described in
Depository Institution. The Company, if the Company is a depository institution, has complied with the requirements of 12 U.S.C. § 1823(e), as amended from time to time, in connection with the authorization, execution, delivery, and retention of this Agreement and any commitment or loan document required to be issued or entered into by the Company under or in connection with this Agreement.
Depository Institution. A Depository Institution is an institution that accepts deposits in the ordinary course of a banking or similar business and regularly engaged in one or more of the following activities: • Provision of credit through personal, mortgage, industrial or other loans or other extensions of credit; • Purchases, sells, discounts or negotiates of accounts receivable, instalment obligations, notes, drafts, cheques, bills of exchange, acceptances, or other evidence of indebtedness; • Issues letters of credit and negotiates drafts drawn thereunder; • Provides trust or fiduciary services; • Finances foreign exchange transactions; or • Enters into, purchases, or disposes of finance leases or leased assets. This will include all entities licensed under the Qatar Central Bank provided they also undertake one of the activities listed above. This is not an exhaustive list and whether or not an entity is a Depository Institution will depend on the actual activities that the entity carries out. The following would not be expected to fall within the definition of depository institution: • Insurance brokers; • Attorneys at law; • Factoring or invoice discounting businesses; • Entities that complete money transfers by instructing agents to transmit funds; • Entities that solely provide asset based finance services or that accept deposits solely from persons as collateral or security pursuant to; a sale or lease of property; a loan secured by property; or similar financing arrangements, between that entity and the person making the deposit. to the fact that it accepts deposits from customers in the ordinary course of a banking or similar business.
Depository Institution. Coastal has the authority to accept insured deposits, and is an FDIC-insured state-chartered depository institution for the purposes of Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980, 12 U.S.C. § 1831(d), and has the full power and authority to make the extensions of credit contemplated by this Agreement in accordance with their terms to Cardholders in United States, its territories and the District of Columbia;
Depository Institution. Each Borrower shall designate Lender as such Borrower’s principal depository bank, including without limitation for the maintenance of business, cash management, operating and administrative deposit accounts unless otherwise agreed to by Lender in writing.
