Approved Credit Institution means a credit institution within the meaning of the First Council Directive on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (No. 77/780/EEC) that has been approved by the Council of Lloyd’s for the purpose of providing guarantees and issuing or confirming letters of credit comprised (or to be comprised) in a member’s Funds at Lloyd’s.
Approved Credit Institution means a credit institution:
Approved Credit Institution means (i) a credit institution authorised in the European Economic
Examples of Approved Credit Institution in a sentence
The Bank (a) represents that, as of the date of this Agreement, the Bank is an Approved Credit Institution and a Qualifying Bank; and (b) agrees that, if at any time it ceases to be an Approved Credit Institution, it will (i) promptly notify ACE and (ii) to the extent practicable, cause an Affiliate thereof that is an Approved Credit Institution and a Qualifying Bank to replace the Bank as the issuer of each LOC that has been issued for Funds at Lloyds.
More Definitions of Approved Credit Institution
Approved Credit Institution means an institution recognised or permitted under the law of an EEA State to carry on any of the activities set out in Annex 1 to Council Directive 2006/48/EC relating to the taking up and pursuit of the business of credit institutions (recast);
Approved Credit Institution means (i) a credit institution authorised in the EEA; (ii) a creditinstitution authorised within a signatory state, other than a EU Member State or a Member of EEA, to the Basle Capital Convergence Agreement of July 1988; or (iii) a credit institution authorised in Australia, Guernsey, Isle of Man Jersey or New Zealand;
Approved Credit Institution means a credit institution authorised: (i) in the EEA; (ii) within a signatory state, other than a member state of the EEA, to the Basle Capital, Convergence Agreement of July 1988 (Switzerland,Canada, Japan, United States); or (iii) in a third country deemed equivalent pursuant to Article 107(4) of the Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012; or (iv) such other category of credit institution as may be permitted by the Regulations, the CBI UCITS Regulations and/or the Central Bank from time to time;"Act"means the Irish Collective Asset-management Vehicles Act 2015 as may be amended, consolidated or substituted from time to time, and all applicable notices issued by the Central Bank or conditions imposed or derogations granted thereunder;"Administrator"means Apex Fund Services (Ireland) Limited or such other company as may from time to time be appointed in accordance with Central Bank Requirements to provide administration and related services to the ICAV in Ireland;"Administration Agreement"means the administration agreement dated 14 October 2021, between the ICAV, the Manager and the Administrator, as may be amended or supplemented from time to time in accordance with Central Bank Requirements;"AIF"means an alternative investment fund;"American Depositary Receipt" or "ADR"means a negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a non-U.S. stock that is traded on a U.S. exchange;"Anti-Dilution Levy"means a charge imposed on subscriptions or on redemptions, as relevant (at the discretion of the Manager), to offset the dealing costs of buying or selling assets of the relevant Fund and to preserve the Net Asset Value per share of the relevant Fund, as a result of net subscriptions or of net redemptions on a Dealing Day;"Application Form"means the form approved by the Directors, which must be completed by investors wishing to subscribe for Shares;"Auditors"means KPMG or such other firm of registered auditors as may from time to time be appointed as auditors to the ICAV;"Base Currency"shall have the meaning specified in the relevant Supplement;"Benchmarks Regulation"means Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measu...
Approved Credit Institution means a credit institution recognised or permitted under the law of the Republic of Cyprus or a Member State to carry on any of the activities set out in Annex 1 to Directive 2013/36/EU
Approved Credit Institution means a credit institution within the meaning of the First Council Directive on the co-ordination of laws, regulations and administrative provisions relating -2-to the taking up and pursuit of the business of credit institutions (No. 77/780/EEC) which has been approved by the Council of Lloyd's for the purpose of providing guarantees and issuing or confirming letters of credit comprised (or to be comprised) in a member's Funds at Lloyd's.
Approved Credit Institution means a credit institution within the meaning of the First Council Directive on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (No 77/780/EEC) which has been approved by Lloyd’s for the purpose of providing guarantees and issuing or confirming letters of credit comprising a member’s Funds at Lloyd’s; Authorised Signatory means, in relation to an Obligor, any person who is duly authorised (in such manner as may be reasonably acceptable to the Agent) and in respect of whom the Agent has received a certificate signed by a director or another Authorised Signatory of such Obligor setting out the name and signature of such person and confirming such person’s authority to act; Available Commitment means in relation to a Lender at any time and save as otherwise provided herein its Commitment less the amount of its participation in the LC Exposures at such time PROVIDED THAT such amount shall not be less than zero;
Approved Credit Institution means a person who is an "approved bank" (as defined in any applicable relevant premiums trust deed);