Agency Bank definition

Agency Bank means us as we are not a main clearing bank and do not currently process payments ourselves. We use another bank to process the clearing of payments.
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Agency Bank means a UK payments scheme member with direct access to the UK payment systems and who acts as a sponsor bank to non-members facilitating indirect access to the UK payment systems;
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Agency Bank means any commercial bank selected by the Borrower in accordance with, and for the purposes referred to in, Section 3.02 (a) (i) of this Agreement;
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Examples of Agency Bank in a sentence

  • The condition precedent to the Lending Banks' assumption of the obligation to disburse the Loan under the Loan Agreement is, including but not limited to, the receipt by the Agency Bank of the unconditional and irrevocable Guarantee in favor of the Lending Banks issued by the Guarantor, guaranteeing that the Borrower will pay all the payable sums from time to time to the Lending Banks through the Agency Bank on a timely basis in accordance with the Loan Agreement.

  • Today ongoing effort to achieved uniformity in Islamic Shari’ah’s interpretation by Islamic banks around the world has resulted inthe establishment of a Bahrain-based organization known as the International Islamic Financial Market (IIFM) by Islamic Development Bank Saudi Arabia, Bahrain Monetary Agency, Bank Indonesia-Indonesia, Bank of Sudan-Sudan, Bank Negara Malaysia of Malaysia, Brunei Darussalam’s Ministry of Finance.

  • As per paragraph 5 of the Agency Bank agreement, RBI pays agency commission at a rate determined by it.

  • Upon this event, all compensation and employment obligations of the Agency, Bank and Corporation under this Agreement shall cease (except Executive’s rights under the Corporation’s then existing short term and/or long term disability plans, if any), and this Agreement shall terminate.

  • Any paid time off, sick leave, or short term disability pay Executive may be entitled to receive, pursuant to an established disability plan or program of the Agency, Bank and/or Corporation, if any exists, shall be considered part of the compensation Executive shall receive while disabled, and shall not be in addition to the compensation received by Executive under this provision of the Agreement.

  • Assures that funds are received to and disbursed from the appropriate pre-determined bank accounts and accurate QuickBooks entries are made.Section:6-14Originally approved:1993Last amended:8/11 6-14 Reconciling the Agency Bank Account(s) Purpose: This procedure provides guidance for reconciling the agency bank accounts.

  • This Agreement and the loan documents mentioned herein constitute the entire rights and obligations of the Borrower, Joint Lead Managers, Joint Lead Underwriters, the Agency Bank, Member Banks, and Lending Banks, and shall supersede any intent or agreement in connection with this Loan Arrangement prior to the execution of this Agreement.

  • Each of the Joint Lead Managers/Joint Lead Underwriters, Member Banks/Lending Banks, the Agency Bank, the Borrower and Guarantors shall keep one copy.

  • Agency Bank AccountsEach agency will report to the Treasurer and to the Comptroller all bank accounts held by the agency as of June 30.

  • The Agent Bank will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period (provided that no provision of these Conditions or the Paying Agent and Agency Bank Agreement shall require an Agent to do anything which may be illegal or contrary to applicable law or regulation).


More Definitions of Agency Bank

Agency Bank means Bank of China, Shenzhen Branch;
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Agency Bank means any bank, acceptable to the Bank, that enters into an Agency Bank Agreement (as hereinafter defined);
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Agency Bank is the Depository Financial Institution where the Agency Bank Account is maintained and receives deposits from Agency’s Customers or credits from the Federal Reserve Bank on behalf of the Agency.
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Agency Bank means any bank which serves as the agency bank to perform the functions of the Government Treasury of the sub-division within which the office of the registering officer is located;
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Related to Agency Bank

  • Private institution (“sefydliad preifat”) means an institution which is not publicly funded;

  • Local Currency Bank means each Bank listed on the signature pages of this Addendum or which becomes a party hereto pursuant to an Assignment and Acceptance or an Assumption and Acceptance.

  • Agency head or "Procurement Officer" means the person who signs this contract on behalf of the Requesting Agency and includes a successor or authorized representative.

  • State institution means a mental health institute, as defined in s. 51.01 (12), a center for the developmentally disabled, as defined in s. 51.01 (3), or a secure mental health facility at which persons are committed under s. 980.06.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Home Institution means the institution where the student is currently enrolled as a degree seeking student and may be eligible for financial aid at the same institution.

  • the institution means the institution which the Corporation is established to conduct and any institution for the time being conducted by the Corporation in exercise of its powers under the Further and Higher Education Act 1992;

  • Health care institution means any facility as defined in

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Agency Worker means the individual who is Introduced by the Employment Business to provide services to the Hirer;

  • Host Institution means the body or institution or administering organisation named in the Letter of Award as the “Host Institution” as the body responsible for undertaking and managing the Research;

  • FSB means American Express Bank, FSB, a federal savings bank, and its successors and assigns.

  • State Purchasing Agent means the director of the purchasing division of the general services department.

  • Eligible Institution Any of the following:

  • Principal Corporate Trust Office means the office of the Trustee, at which at any particular time its corporate trust business shall be principally administered, which office at the date of execution of this instrument is at the address set forth in the first paragraph of this instrument.

  • Japan Local Currency Bank means each Bank listed on the signature pages of this Addendum or which becomes a party hereto pursuant to an Assignment and Acceptance or an Assumption and Acceptance.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • Deputy compact administrator means: the individual, if any, in each compacting state appointed to act on behalf of a Compact Administrator pursuant to the terms of this compact responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • 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.

  • Qualifying Institution means the United States office of a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, or a foreign bank, having assets $10,000,000,000 (net of reserves) and a credit rating on its long-term senior unsecured debt of at least "A" from S&P and "A2" from Moody's.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Agency(ies) means any government regulatory authority or authorities in the world responsible for granting approval(s), clearance(s), qualification(s), license(s), or permit(s) for any aspect of the research, Development, manufacture, marketing, distribution, or sale of a Product. The term “Agency” includes, without limitation, the United States Food and Drug Administration (“FDA”).

  • payment institution means a legal person that has been granted authorisation in accordance with Article 10 to provide and execute payment services throughout the Union;

  • Agency means the Illinois Environmental Protection Agency.

  • Eligible lending institution means a financial

  • Owner Trustee Corporate Trust Office means the office of the Owner Trustee at which its corporate trust business shall be administered, which initially shall be 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Corporate Trust Administration, or such other office at such other address as the Owner Trustee may designate from time to time by notice to the Certificateholder, the Servicer, the Indenture Trustee, the Trust Depositor and Harley-Davidson Credit.