One Institution Clause Samples

The "One Institution" clause establishes that all transactions or dealings under the agreement are to be conducted through a single, specified financial institution. In practice, this means that all payments, settlements, and communications related to the contract must be routed exclusively through the designated institution, rather than involving multiple banks or intermediaries. This clause streamlines administrative processes, reduces the risk of errors or miscommunication, and ensures consistency in handling the parties' financial interactions.
One Institution. The Employer will deposit funds for all of its employees into the designated institution. Employees may not individually request that these funds be deposited in a separate financial institute.
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Related to One Institution

  • 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.

  • 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.

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

  • EEA Financial Institution No Loan Party is an EEA Financial Institution.

  • Location of Financial Institution Regardless of any provision in any other agreement, for purposes of the UCC, New York will be the location of the bank for purposes of Sections 9-301, 9-304 and 9-305 of the UCC and the securities intermediary for purposes of Sections 9-301 and 9-305 and Section 8-110 of the UCC.