Approved Depositories definition

Approved Depositories means, subject to Section 5.2(i), any of the depositories or vault facilities located in the United States and listed on Schedule 1.1B hereto, which list may be amended from time to time with the prior written approval of the Required Lenders.
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Approved Depositories means (i) any of the depositories or vault facilities listed in Exhibit 1 annexed to the Agreement, which list may be amended from time to time with the prior written approval of the Lenders and (ii) the Foreign Approved Depositories.
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Approved Depositories means any of the depositories or vault facilities located in the United States and listed on Schedule 1.1B hereto, which list and/or the limits set forth thereon, as applicable, may be amended from time to time with the prior written approval of Agent, provided that any such amendment shall only become effective if the same is not objected to in writing by the Required Lenders and delivered to Agent within fifteen (15) calendar days after Agent provides written notice to the Lenders thereof, provided further that each such depository or vault facility, as applicable, shall be an Approved Depository only to the extent of the Borrower’s insurance coverage at such location.
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Examples of Approved Depositories in a sentence

  • It was noted a separate meeting will be held on Approved Depositories.

  • Subject to the provisions of clauses (ii) and (iii) below, all amounts held by Approved Depositories may be transferred to the operating account of a Borrower or a Guarantor in the Ordinary Course of Business.

  • Banks or savings and loans failing to meet the minimum criteria, or in the judgment of the Treasurer no longer offering adequate safety to County, shall be removed from the list In the event that the Treasurer deems it necessary to remove a bank or savings and loan from the list of Approved Depositories, then with the Board of County Commissioners' approval, they shall be placed on a second list in Annex V entitled "Disapproved Depositories".

  • In the event that the Treasurer deems it necessary to remove a bank or savings and loan from the list of Approved Depositories and Custodians, then with the Board’s approval, they shall be placed on a second list in Annex V entitled “Disapproved Depositories and Custodians”.

  • To be eligible to physically settle the Gold Futures Contracts, CPs should also have physical settlement capability (i.e. be a “Physical Delivery Participant”) by either: i) maintaining an account with each of the depositor(ies) approved by HKCC for physical gold delivery (“Approved Depository”); or ii) having an arrangement in place for physical delivery with another CP who itself has an account with each of the Approved Depositor(ies).

  • Michigan CLASSPNC BankSuperior National Bank BE IT FURTHER RESOLVED, that the Resolution of Approved Depositories, and the authorization of investment advisory services, be reviewed by the Treasurer and comply with Michigan Public Act 20 of 1943, MCL 129.91 et seq.

  • Apart from the Approved Depositories, in order to maintain the chain of integrity for physical gold settlement of the Gold Futures Contracts, the Exchange has designated a list of Recognized Depositories, Recognized Refiners, Recognized Forwarders, and Recognized Assayers.

  • Both Bank Accounts are held at FDIC-insured depositories which are onthe U.S. Trustee’s List of Approved Depositories.

  • The Agent will also, on behalf of the Lenders, enter into Depository Agreements with Approved Depositories and receive confirmations of Confirmed Material from such Approved Depositories, maintain Agent Accounts at Approved Depositories, and enter into agreements among the Agent, the Company, and an Approved Carrier with respect to the transport of Precious Metals from Agent Accounts and Approved Depositories to Agent Accounts at other Approved Depositories.

  • Again, these accounts must all be in branch offices of D.C. Approved Depositories (e.g., Bank of America, Wachovia, SunTrust, PNC).


More Definitions of Approved Depositories

Approved Depositories means any of the depositories or vault facilities located in the United States and listed on Schedule 1.1B hereto, which list may be amended from time to time with the prior written approval of Agent, provided that each such depository or vault facility, as applicable, shall be an Approved Depository only to the extent of the Borrower’s insurance coverage at such location.
Sample 1
Approved Depositories means any of the depositories or vault facilities located in the United States or Canada and listed in Exhibit 1 annexed hereto, which list may be amended from time to time with the prior written approval of the Lenders.
Sample 1
Approved Depositories means any of the depositories or vault facilities located in the United States and listed on Schedule 1.1B hereto, which list and/or the limits set forth thereon, as applicable, may be amended from time to time with the prior written approval of Agent, provided that any such amendment shall only become effective if the same is not objected to in writing by the Required Lenders and delivered to Agent within fifteen (15) calendar days after Agent provides written notice to the Lenders thereof,
Sample 1
Approved Depositories means any of the depositories or vault facilities located in the United States and listed on Schedule 1.1B hereto,which list may be amended from time to time with the prior written approval of Agent, provided that each such depository or vault facility, as applicable, shall be an Approved Depository only to the extent of the Borrower’s insurance coverage at such location.
Sample 1

Related to Approved Depositories

  • Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the District may designate in a Written Request of the District delivered to the Paying Agent.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Approved Book-Entry System for Commercial Paper means a system maintained by the Custodian or by a subcustodian employed pursuant to Section 2 hereof for the holding of commercial paper in book-entry form but only if the Custodian has received a certified copy of a resolution of the Board approving the participation by the Trust in such system.

  • Qualified Depository A depository the accounts of which are insured by the FDIC through the BIF or the SAIF and the debt obligations of which are rated AA or better by Standard & Poor's Corporation.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Insured Depository Institution Insured Depository Institution shall have the meaning ascribed to such term by Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Depositories Act means The Depositories Act, 1996 and shall include any statutory modification or re-enactment thereof.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Eligible Depository Any Reserve Bank or any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities, so long as at the time of determination of eligibility the commercial paper or other short-term debt obligations of such depository institution or trust company (or, in the case of a depository institution that is the principal subsidiary of a holding company, the commercial paper or other short-term debt obligations of such holding company) have the Highest Credit Rating Available from at least one Rating Agency.

  • WOSB Program Repository means a secure, Web-based application that collects, stores, and disseminates documents to the contracting community and SBA, which verify the eligibility of a business concern for a contract to be awarded under the WOSB Program.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Assumed Deposits means Deposits.