Nominated Bank Sample Clauses

Nominated Bank a banking institution where the Letter of Credit is available indicated in the Letter of Credit Agreement.
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Nominated Bank a banking institution indicated in the Stand-by Letter of Credit Agreement where the Stand-by Letter of Credit is available. Legislation – applicable legislative and regulatory acts of Georgia and international treaties and agreements within the system of normative acts of Georgia. Customer – a person whose name/corporate name, identification data and other information are provided in Paragraph 1.2. of the Stand-by Letter of Credit Agreement. Other associated agreement/other agreement associated with the Agreement – a) an insurance agreement, collateral agreement, guarantee agreement, and/or documents entered into and/or issued between the Bank and the Customer or between the Bank and a Third Party pursuant to the Agreement and/or based on it, conclusion or/and issued of which is provided by the Agreement or/and arises out of it; and/or (b) any other agreements between the Bank and the Customer , or the Bank and a Third Party, concluded in accordance with the terms and conditions of the Agreement for the purpose of the use of a Stand-by Letter of Credit by the Customer as specified by the Agreement or for the purpose of its security. Third Party – any person other than the Customer or/and the Bank. Party/parties – the Customer or/and the Bank, contextually. Overdraft - a debit balance established by the Bank on the Customer’s account for a short period under the terms and conditions of the Agreement and/or the relevant Overdraft Agreement, which allows the Customer to use more than the amount of the Account within the Debit Balance established on his/her Account, and the arising debt shall be automatically repaid first of all with the funds deposited into the Account. Penalty (Fine) – the amount payable by the Customer for non-performance or improper performance of financial and/or other obligations assumed under the Agreement, the amount and terms of which shall be determined in accordance with the provisions of the Agreement. Person – an individual, legal entity and/or other corporate body provided by the legislation of Georgia or other country, which is not a legal entity. Remittee – Beneficiary, Advising Bank, Confirming Bank and/or Nominated Bank; Banking day – a day (except for Saturday, Sunday, or official holidays specified by the Legislation), when commercial banks operating in Georgia are open and conduct their normal business. Commission Fee – payments established by the Bank to the Customer for the use of Stand-by Letter of Credit within and un...
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Related to Nominated Bank

  • Nomination The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions:

  • Sick Leave Bank Committee The Committee shall be appointed by the BTU-ESP for the purpose of administering the Sick Leave Bank. The Committee shall:

  • FISCAL ADVISORY COMMITTEE Recognizing the value of Union input on behalf of employees, the parties agree to the following:

  • JOINT ADVISORY COMMITTEE 5.01 A Joint Advisory Committee shall operate during the term of this agreement consisting of one (1) employee representative from each location and up to an equal number of employer representatives who shall meet at least once every six (6) months to discuss working conditions, economy of operation, quality and quantity of service, safety and health, workplace stress, violence and abuse prevention, and other matters to promote an ongoing harmonious relationship between the Employer and its employees. The Joint Advisory Committee shall meet at the request of either party. The full-time Union Representative may attend said meetings. All time spent attending Joint Advisory Committee meetings by employees shall be considered time worked but time spent at “pre-meetings” will not be considered time worked.

  • Executive Board In addition to the rules in Section 6.2, the following rules shall apply:

  • Alternate Directors 35.1 Any Director (but not an alternate Director) may by writing appoint any other Director, or any other person willing to act, to be an alternate Director and by writing may remove from office an alternate Director so appointed by him.

  • Director An Approved User who is generally a senior IT official of the Requester with the necessary expertise and authority to affirm the IT capacities at the Requester. The IT Director is expected to have the authority and capacity to ensure that the NIH Security Best Practices for Controlled-Access Data Subject to the NIH GDS Policy and the Requester’s IT security requirements and policies are followed by all of the Requester’s Approved Users.

  • Leave, Board of Directors A nurse who is elected to the Board of Directors of the Ontario Nurses' Association, other than to the office of President, shall be granted upon request such leave(s) of absence as she or he may require to fulfill the duties of the position. Reasonable notice - sufficient to adequately allow the Hospital to minimize disruption of its services shall be given to the Hospital for such leave of absence. Notwithstanding Article 10.04, there shall be no loss of seniority or service for a nurse during such leave of absence. Leave of absence under this provision shall be in addition to the Union leave provided in Article 11.02

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