Approved Banks definition

Approved Banks means banks or other financial institutions which have (a) a minimum net worth of $500,000,000 or (b) total assets of $5,000,000,000.

Approved Banks shall have the meaning given such term in the definition of "Cash Equivalents" herein.

Approved Banks means approved banks within the meaning of section 13(16) of the Income Tax Act; and

Examples of Approved Banks in a sentence

• Approved Banks VISL deposits Client Money in accounts with the following banks: Barclays Bank PLC, and Close Brothers Limited.

• Hubwise maintains its Client Accounts with a range of selected leading Banks (Approved Banks).

• At any time and from time to time, the Buyer and the Seller, jointly, may direct the Escrow Agent by notice (a) not to deposit any new amounts in any Approved Bank specified in the notice and/or (b) to withdraw any of the Escrowed Funds that may then be deposited with any Approved Bank specified in the notice and re-deposit such amount with one or more of such other Approved Banks as specified in the notice.

• At any time and from time to time, the Purchaser and Vendor, jointly, shall be entitled to direct the Escrow Agent by written notice (a) not to deposit any new amounts in any Approved Bank specified in the notice and/or (b) to withdraw all or any of the Escrow Amount that may then be deposited with any Approved Bank specified in the notice and re-deposit such amount with one or more of such other Approved Banks as specified in the notice.

• At any time and from time to time, the Corporation shall be entitled to direct the Subscription Receipt Agent by written notice (a) not to deposit any new amounts in any Approved Bank specified in the notice and/or (b) to withdraw all or any of the Escrowed Funds that may then be deposited with any Approved Bank specified in the notice and re-deposit such amount with one or more of such other Approved Banks as specified in the notice.

More Definitions of Approved Banks

Approved Banks means any bank as listed in Appendix 6 which only are to be used for the purposes of Bank Guarantee or drawing Demand Drafts for transactions with PBMS for the purposes of this bid and Works.

Approved Banks means banks or other financial institutions which have a minimum long-term unsecured debt rating of at least "AA" by each of the Rating Agencies, or if any such bank or other financial institution is not rated by all the Rating Agencies, then a minimum long-term rating of at least "AA" or its equivalent by the Rating Agencies involved in the Securitization.

Approved Banks means financial institutions satisfying the conditions set forth in clause (a) of the definition of “Cash Equivalents” herein.

Approved Banks means the State Bank of India, State Bank of Patiala or any other Nationalised /scheduled Bank approved by the Nigam from time to time.

Approved Banks means (a) HypoVereinsbank or (b) banks or other financial institutions which have (i) (A) a minimum net worth of $500,000,000 or (B) total assets of $5,000,000,000 and (ii) a minimum long-term senior unsecured debt rating from the Rating Agencies at least equivalent to the Required Rating.

Approved Banks means banks or other financial institutions which have (i) (a) a minimum net worth of $500,000,000 or (b) total assets of $5,000,000,000 and (ii) a minimum long-term senior unsecured debt rating from the Rating Agencies at least equivalent to the Required Rating.

Approved Banks means one of the seven major Israeli banks (Bank Hapoalim, Bank Leumi le Israel, Israel Discount Bank, First International Bank, Union Bank, Bank Hamizrahi and Bank Mizrachi Tefahot) or a bank which has been rated by Standard & Poor’s with a level of at least “AA-“ or which has received a rating level from Moody’s of “Aa3” or Fitch AA, and which maintains full diplomatic relations with the State of Israel.