Agreed Bank definition

Agreed Bank. Means, initially, JPMorgan Chase Bank N.A. or any successor thereto or any replacement bank selected by the Trustee, in each case, so long as it: (a) has an investment grade rating by Fitch Ratings Inc. (minimum ratings of BBB or F2) or Xxxxx’x (minimum ratings of Baa2 or P-2); and (b) can act as a securities intermediary under the UCC.

Agreed Bank means a bank which is at all times rated at least AA by S&P or Aa2 by Moody's;

Agreed Bank means a bank which is at all times rated at least [AA by S&P or Aa2 by Xxxxx'x];

Examples of Agreed Bank in a sentence

• The Trustee shall transfer, or direct the Agreed Bank to transfer, from the Indebtedness Payment Account to the Collections Account—Sales Proceeds, any Sales Proceeds in excess of the amount required to be paid under any Permitted Indebtedness as the result of any sale of the related Trust Assets, in each case no later than two (2) Business Days after receipt of such excess Sales Proceeds.

• The Trustee shall make, or direct the Agreed Bank in writing to make, distributions from the Distributions Account–Sales Proceeds in accordance with the Distribution Date Schedule in the order of priority set forth in Section 5.05(c) below.

• If the Agreed Bank should change at any time, then the Trustee shall thereupon promptly establish replacement accounts as necessary at the successor Agreed Bank and transfer the Balance of funds in each Account then maintained at the former Agreed Bank to such successor Agreed Bank.

• The Trustee shall make, or direct the Agreed Bank in writing to make, transfers from the Collections Account–Sales Proceeds in accordance with Section 5.03(b) and with the Distribution Date Schedule as set forth in Section 5.05(a) below.

• The Trustee shall make, or direct the Agreed Bank in writing to make, transfers from the Collections Account–Rental Proceeds in accordance with Section 5.03(a) and with the Distribution Date Schedule as set forth in Section 5.05(a) below.

• Agreed Bank ClauseIf You have mortgaged, hypothecated or created any security over Your Home or any of its Contents in favour of a Bank, and the Bank has an interest in the Policy, the name of such Bank will also be shown in the Policy Schedule under the title ‘Agreed Bank Clause’.

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• The Trustee shall make, or direct the Agreed Bank in writing to make, distributions from the Distributions Account–Rental Proceeds in accordance with the Distribution Date Schedule in the order of priority set forth in Section 5.05(b) below.

• Name of the Customer: Situation of the premises: Selected percentage limit of the sum insured: 20% Agreed Bank Clause: All policies in which a Bank/Financial Institution has interest shall be issued in the name of Bank/Financial Institution and owner or mortgagor and shall contain a suitable clause to protect their interest.

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More Definitions of Agreed Bank

Agreed Bank means a bank which is at all times rated at least AA by S&P or Aa2 by Xxxxx'x; "Agreed Form" means, in relation to any document, the form of that document agreed by the Parties; "Amended Corridor" means the Corridor as amended to reflect the Reviewed Design Documentation;