Approved Financial Institution definition

Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

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Approved Financial Institution means a financial institution registered in Australia and operating as a bank, credit union or building society;

Approved Financial Institution means a federal or state-chartered depository institution or trust company having a combined surplus and capital of at least $100,000,000 and further having (a) commercial paper, short-term debt obligations, or other short-term deposits that are rated at least “A-1” by S&P, if the deposits are to be held in the account for 30 days or less, or (b) having long-term unsecured debt obligations that are rated at least “AA” by S&P, if the deposits are to be held in the account more than 30 days. Notwithstanding the foregoing, if an account is held by an Approved Financial Institution, following a downgrade, withdrawal, qualification, or suspension of such institution’s rating, each account must promptly (and in any case within not more than 30 calendar days) be moved with written notice to the Indenture Trustee, to an Approved Financial Institution.

Examples of Approved Financial Institution in a sentence

The Board agrees to provide deductions to the Suncoast Federal Credit Union or Approved Financial Institution.
You agree to not transfer funds to or from an eligible account held by us and a Verified Account at an Approved Financial Institution unless you have authority to do so.
It is acknowledged and agreed that the Borrower shall have no obligation to replace any Interest Rate Hedge even if the counterparty thereto shall cease to be an Approved Financial Institution.
You agree to not transfer funds to or from an Online Account and a Verified Account at an Approved Financial Institution unless you have authority to do so.
When you transfer funds from a Verified Account at an Approved Financial Institution to your eligible account held by us, the funds may not be available for your use or withdrawal until one (1) Business Days after the transfer is deposited in your eligible account, even if such transfer is reflected in your current balance.

More Definitions of Approved Financial Institution

Approved Financial Institution means a financial institution licensed under the Financial Institutions Act or other financial institution subject to supervision acceptable to the Central Bank;

Approved Financial Institution means any bank or finance company licensed by the Authority or merchant bank approved by the Authority or any other commercial bank licensed in a foreign country;

Approved Financial Institution means (a) any corporation or institution that is a member of the Canadian Payments Association (Payments Canada); (b) a corporation that accepts deposits that are insured by the Canada Deposit Insurance Corporation or the Régie de l'assurance-dépôts du Québec to the maximum permitted by law; (c) a credit union as defined in paragraph 137(6) of the Income Tax Act; (d) a corporation that accepts deposits from the public, if repayment of the deposits is guaranteed by a Canadian province or territory; or (e)

Approved Financial Institution means a financial institution approved by the Commission in accordance with these Rules.

Approved Financial Institution means any financial institution approved by Council under Article 9;

Approved Financial Institution means any of the following: