Qualifying Institution Sample Clauses

Qualifying Institution. Owner Participant shall be a Qualifying Institution (as defined in Section 8.2(a)(ii)) as of the Delivery Date.
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Qualifying Institution. [Owner Participant is a Qualifying Institution (as defined in Section 8.2(a)(ii)) as of the Delivery Date.]10
Qualifying Institution. The Participating Financial Institution warrants and represents that: (a) it is a state-chartered or federally chartered bank, savings bank, building and loan association, savings and loan association, or credit union, or a subsidiary of such a bank, association, or credit union; and (b) that it is in good standing with applicable regulatory authorities and not in receivership.
Qualifying Institution. Each Purchaser that is not a U.K. Holder, severally represents that it (i) is a Person resident (as such term is defined in the appropriate double taxation treaty) in the United States of America or in another jurisdiction with which the United Kingdom has an appropriate double taxation treaty under which the payment of interest by the Company to that Person may be made without the deduction or withholding of United Kingdom income tax (subject to completion of procedural formalities); and (ii) does not carry on business in the United Kingdom through a permanent establishment with which the indebtedness under the Notes in respect of which the interest or premium is paid is effectively connected (for the avoidance of doubt, this does not include its United Kingdom-incorporated parent company, if any, provided that such parent company is not and does not become the beneficial owner of any interest payments made by the Company on the Notes and any interest payments on the Notes are not paid to or attributable to and do not arise in such parent company).
Qualifying Institution. In the event that the Issuing Entity Account Bank ceases to be a Qualifying Institution, the Issuing Entity Account Bank shall immediately give notice of that fact to the Note Trustee and the Issuing Entity. As soon as practicable thereafter and in any event within 30 days of such notice, the Issuing Entity Account Bank shall transfer the closing credit balance of each Series Issuing Entity Distribution Account, together with all interest accrued on such balance up to but not including the date of transfer, to an appropriate successor account with a Qualifying Institution, approved by the Note Trustee.
Qualifying Institution. [ - ]57;

Related to Qualifying 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.

  • Termination and Replacement of Financial Institution The Financial Institution may terminate its rights and obligations under this Agreement if the Secured Party resigns or is removed as Indenture Trustee under the Indenture. The Grantor may terminate the rights and obligations of the Financial Institution if the Financial Institution ceases to be a Qualified Institution. No termination of the Financial Institution will be effective until new Collateral Accounts are established with, and the cash and other financial assets credited to the Collateral Accounts are transferred to, another securities intermediary who has agreed to accept the obligations of the Financial Institution under this Agreement or a similar agreement.

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

  • Affected Financial Institution No Loan Party is an Affected 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.

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