Account Bank definition

Account Bank means U.S. Bank National Association, a national banking association, solely in the capacity of an “account bank,” as defined in the NY UCC and Federal Book-Entry Regulations, or any successor account bank under the Indenture.

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Account Bank means any of them.

Account Bank means ▇▇▇▇▇ Fargo Bank, National Association, in its capacity as the “Account Bank” pursuant to this Agreement and the Collection Account Agreement.

Examples of Account Bank in a sentence

None of the Account Bank, the Collateral Agent, the Administrative Agent or any Lender shall be liable for the amount of any loss incurred, in respect of any investment, or lack of investment, of funds held in any Controlled Account, other than with respect to fraud or their own gross negligence or willful misconduct.
Instructions to the Collateral Agent and the Account Bank 7173 Section 2.06.
The Future Funding Reserve Accounts shall remain at all times with an Eligible Account Bank.
The Payment Accounts shall remain at all times with an Eligible Account Bank and the amounts therein shall remain uninvested.
All such Permitted Investments shall be registered in the name of the Account Bank or its nominee and shall be credited to a Controlled Account; provided that compliance shall be the responsibility of the Borrower and the Collateral Manager and not the Collateral Agent or Account Bank.

More Definitions of Account Bank

Account Bank means a bank or trust company that qualifies as an Eligible Institution and holds the Trust Accounts. The initial Account Bank shall be U.S. Bank National Association, in its role as Securities Intermediary under Section 8.03(d) of the Indenture.

Account Bank means, in relation to a Series of Securities, the entity (if any) appointed as such under the Agency Agreement and as specified in the Issue Terms.

Account Bank means the bank at which the Guarantor LP Accounts are maintained from time to time being, as at the Programme Establishment Date, Royal Bank of Canada acting through its main branch situated at ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ and, unless the context otherwise requires, includes the Standby Account Bank, if and when appointed, or such other replacement account bank as may be appointed in accordance with the terms of the Bank Account Agreement;

Account Bank means (i) Bank of America, National Association or (ii) any other Qualified Institution reasonably acceptable to the Administrative Agent.

Account Bank means a Qualified Institution approved by the Administrative Agent that is holding the Accounts, which initially shall be ▇▇▇▇▇ Fargo Bank.

Account Bank means State Street Bank and Trust Company or any other Eligible Institution designated as an “Account Bank” from time to time in a Borrower Control Agreement.

Account Bank means any “bank” within the meaning of Section 9-102(a)(8) of the UCC at which any deposit account constituting a Collateral Account is held, which shall be (a) located in the United States and (b) reasonably acceptable to the Administrative Agent.