Approved Depository definition

Approved Depository means a domestic or foreign commercial bank or United States branch of a foreign bank licensed under the laws of the United States or a State thereof having (a) capital and surplus in excess of Two Hundred Fifty Million Dollars ($250,000,000) and (b) a Xxxxx Bank Watch Rating of “B” or better or, with respect to any investment or deposit in a foreign bank in excess of One Million Dollars ($1,000,000), an equivalent rating from a comparable foreign rating agency.

Approved Depository. – means a financial institution approved by the Corporation to act in such capacity in accordance with the criteria set forth in Subsection A-212(8).

Approved Depository means that term as defined in the definition of Cash Equivalents.

Examples of Approved Depository in a sentence

• The Borrower shall not permit Assigned Material, Assigned Material – Unassigned Hedge, Confirmed Material or CFC Collateral stored at any Approved Depository, Foreign Approved Depository or CFC Approved Depository at any one time which is included in the Borrowing Base as of any Report Date to exceed in the aggregate the limits provided for each Approved Depository, Foreign Approved Depository or CFC Approved Depository, as set forth on Schedule 1.1B, Schedule 1.1C or Schedule 1.1D, as applicable, hereto.

• While the Member on which a notice pursuant to Bye-law 11.1 is served is an Approved Depository or Approved Nominee, the obligations of the Approved Depository or Approved Nominee as a Member will be limited to disclosing to the Company any information relating to a person who appears to be interested in the Company Securities held by it, which has been recorded by it in accordance with the arrangement under which it was appointed as an Approved Depository or Approved Nominee by the Board.

• In the event that any cash or Payment Items are inadvertently received by an Obligor or any other Person, other than in accordance with the terms of this Agreement, such Obligor or other Person shall be deemed to hold the same in trust for the benefit of Agent and shall promptly forward them to Agent or another Approved Depository.

• Xxxxxx Xxxxxxxxx Xxx Xxxxxxx, Xxxxxxxxxx 00000 $54,000,000 minus the amount held in its capacity as a CFC Approved Depository (at such location) Asahi Refining USA, Inc.

• Xxxxxx XxxxxxxxxXxx Xxxxxxx, Xxxxxxxxxx 00000 $45,000,000 minus the amount held in its capacity as a CFC Approved Depository Asahi Refining USA, Inc.

More Definitions of Approved Depository

Approved Depository means a bank whose short-term commercial paper rating from Standard & Poor’s is at least A-1, or the equivalent thereof, or from Moody’s is at least P-1, or the equivalent thereof.

Approved Depository. – means an Approved Securities Intermediary approved by the Corporation to act in such capacity pursuant to Section A-223.

Approved Depository has the meaning assigned to the term "Depository" in the Custodial Agreement.

Approved Depository means a depository bank in which a Controlled Account is maintained by a Grantor which is reasonably acceptable to the Administrative Agent and with respect to which such Grantor has delivered to the Administrative Agent an executed Control Agreement.

Approved Depository means any entity approved by the Corporation to accept and hold pledged assets. A financial institution approved by the Corporation.

Approved Depository means either (a) the Collateral Agent or (b) another depository bank which is acceptable to the Collateral Agent, with whom the Collateral Agent has entered into an agreement satisfactory to it and pursuant to which, among other things, the Approved Depository: (i) agrees to waive any right of setoff with respect to the Collateral, the Cash Collections and the Cash Deposits; (ii) acknowledges and agrees that the Collateral Agent has a security interest in the Collateral, and that it is the bailee of the Collateral Agent with respect thereto; and (iii) agrees that, upon notice from the Collateral Agent of an Actionable Default, it will act strictly in accordance with the instructions of the Collateral Agent with respect to deposit balances of the Company held by it, including, without limitation, any instructions of the Collateral Agent to remit such balances to it, and not in accordance with any instructions of the Company, or any other Person.

Approved Depository means, in respect of a Physically Settled Metal Futures Contract, a depository for precious metals approved by the Clearing House and included on the list of Approved Depositories published by the Clearing House from time to time;“Approved Depository Account Agreement”means an agreement between an HKCC Participant and an Approved Depository containing such terms as may be specified by the Clearing House;“Arbitration Rules”has the meaning given to it in section 2A.3.5(k) of the Clearing House Procedures;“Cash Compensation”means the amount payable upon a delivery or settlement failure under a Physically Settled Metal Futures Contract as calculated in accordance with section 2A.3.3 of the Clearing House Procedures;“Cash Settled Metal Futures Contract”means a Metal Futures Contract which is a Cash Settled Contract;“Deliverable Metal”means, in respect of a Physically Settled Metal Futures Contract, the metal underlying such contract which is to be delivered by the Seller to the Buyer;“Delivery Agent”means an HKCC Participant appointed as such by another HKCC Participant for the delivery of Deliverable Metal for such other HKCC Participant under the terms of a Delivery Agreement;“Delivery Agreement”means an agreement between an HKCC Participant and its Delivery Agent containing such terms as may be specified by the Clearing House;“Delivery Assets”has the meaning given to it in section 2A.3.4(f)(iii)(C) of the Clearing House Procedures;“Delivery Notice”means any notice to be provided by a Seller under a Physically Settled Metal Futures Contract in a form prescribed and published by the Clearing House from time to time;“Delivery Representations”has the meaning given to it in section 2A.3.5(f) of the Clearing House Procedures;