Presenting Bank a banking institution designated by the Bank or Collecting Bank that submits a Collection Order to the Remittee and/or ensures the Collection Payment and/or performance of other conditions against the Collection Document.
Presenting Bank Sample Clauses
Related to Presenting Bank
Bank The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.
