Act on Banks definition

Act on Banks means Act no. 21/1992 Coll., on banks, as amended.
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Act on Banks means Act No. 483/2001 Coll. on Banks and on Amendments and Supplements to Certain Acts, as amended.
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Act on Banks means Act No. 21/1992 Coll., on banks.
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Examples of Act on Banks in a sentence

  • The Bank shall be obliged to comply with the law (in particular the Act on Banks, the Anti-Money Laundering Act), stipulating the requirement to keep the defined records and documents for a certain period of time, proving that the Bank has fulfilled various legal and regulatory obligations.

  • The Act on Banks obliges the Bank to act prudently during the performance of the activities of the Bank.

  • The Bank is authorized to provide banking services (including Payment Services) in the Czech Republic on the basis of a single passport license pursuant to the Act on Banks.

  • Your consent is not necessary for an enquiry into the BRCI and for data sharing in the BRCI; the BRCI processes personal data based on a legal obligation (Act on Banks, Act on Consumer Loan).

  • This shall, in particular, concern records on banking business pursuant to the Act on Banks.

  • The Borrower understands that it is entering into a contractual relationship with an entity that is not subject to Swiss banking secrecy and that it is not entitled to the protection of article 47 of the Swiss Federal Act on Banks and Saving Institutions.

  • The Bank cooperates with the following registers and their authorised users: • Banking Register of Customer Information (BRCI), operated by CBCB – Czech Banking Credit Bureau, a.s., z.s.p.o., ID No.: 261 99 696 The BRCI is maintained based on the Act on Banks, collecting information on creditworthiness, trustworthiness, and payment morale of the customers of banks.

  • Control mechanisms for exercising the shareholder rights of the Issuer’s owner and measures to ensure the elimination of the misuse of these rights are stipulated in the Act on Banks and other generally binding legal regulations.

  • The Issuer’s scope of business includes banking activities performed on the basis of a banking licence granted to the Issuer in compliance with the Act on Banks.

  • Property valuation is regulated in the Act on Banks, Article 73: (1) For the purposes of this Act, the value of real estate shall be determined by a mortgage bank on the basis of an overall assessment of the real estate concerned.


More Definitions of Act on Banks

Act on Banks means Act 21/1992 Coll., on banks, asamended.
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Act on Banks. Means Czech Act No. 21/1992 Coll, as amended, on Banks (zákon o bankách).
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Related to Act on Banks

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • Bank of America means Bank of America, N.A. and its successors.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • Bank of America Fee Letter means the letter agreement, dated as of August 10, 2012, between the Borrower and the Syndication Agent, as amended, modified, supplemented or restated and in effect from time to time.

  • Basel Committee means the Basel Committee on Banking Supervision.

  • Required Banks means at any time Banks having more than 50% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing more than 50% of the aggregate unpaid principal amount of the Loans.

  • UK Non-Bank Lender means a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • Agent 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.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Bank Agent means Bank of America, N.A., in its capacity as administrative agent for the Bank Lenders under the Bank Credit Agreement, and its successors and assigns in such capacity.

  • KeyBank means KeyBank National Association.

  • BAS means Banc of America Securities LLC.

  • Issuing Banks means, individually and collectively as the context may require, (a) Citi, in its capacity as an issuer of Letters of Credit hereunder, and any successors in such capacity, and (b) and any other Lender from time to time designated by the Borrower as an Issuing Bank, with the consent of such Lender and the Administrative Agent and such Lender’s successors in such capacity. Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. At any time there is more than one Issuing Bank, all singular references to the Issuing Bank shall mean any Issuing Bank, either Issuing Bank, each Issuing Bank, the Issuing Bank that has issued the applicable Letter of Credit, or both (or all) Issuing Banks, as the context may require.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.