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Bank Instrument definition

Bank Instrument means any guarantee, indemnity, letter of credit (including any Import L/C and any standby letter of credit), shipping guarantee, tender bond, bid bond, performance bond or advance payment bond or any instrument of a similar nature (whether entailing autonomous, primary liability on the part of the issuer, or accessory, secondary liability) which is issued or to be issued by BNPP or a Correspondent Bank at the request of the Borrower pursuant to a Drawing under a Trade Facility, in each case as the same may from time to time be supplemented, replaced or amended.
Bank Instrument means any standby letter of credit or letter of guarantee that is required (a) by a Contract or by a tender for a Contract, or (b) with respect to performance or financial obligations of the Customer or an Affiliate, and in either case, that has been or will be issued to the Beneficiary by the Bank or the Foreign Bank;
Bank Instrument means any share capital or other instrument of the Issuer;

Examples of Bank Instrument in a sentence

  • The Lessee desires to Lease Bank Instrument (BG/SBLC) from the Lessor.

  • If agreed to terminate by both parties the Lender shall return the Bank Instrument immediately with no liens and or encumbrances.

  • The NCRCPD will restore wetlands at the Reuthinger Wetland Mitigation Bank in accordance with the MBI (Mitigation Bank Instrument) effective April 10, 2018, and will monitor and maintain the restored habitats in accordance with the MBI.

  • Should the prospective bank sponsor wish to proceed further with the bank review process after receiving the Corps initial evaluation of the banking prospectus, the bank sponsor will submit to the Corps a completed compensation site plan and St. Paul District’s standard Mitigation Bank Instrument.

  • Contrary to the public notice for the Bank issued by the Corps, the final Bank instrument states that the Bank will protect 23,223 acres of bog wetlands.To award wetland mitigation credit, the Bank Instrument divided the total credit area of 23,223 acres into 8 smaller construction areas.

  • After consideration of the public comments and input from the IRT, the bank sponsor must develop a Draft Mitigation Bank Instrument (MBI) for submittal to the Department.

  • The process for establishing a mitigation bank involves the development of a Prospectus and Mitigation Bank Instrument (MBI) in consultation with an interagency review team (IRT).

  • EIP proposes to restore the remaining 2,917 acres of wetlands.The Bank Instrument does not describe any future projects or proposals that threaten to adversely modify wetlands.

  • Modification to Bank Instrument may be required if the aquatic resource restoration, establishment, enhancement, and/or preservation activities cannot be implemented in accordance with the approved mitigation plan.

  • The Final Application for the Bank, included by reference as Appendix A to the Bank Instrument, describes the mitigation bank plan, and contains information about threats of adverse modification.The Final Application lists two primary threats to wetlands allocated for preservation credits: the presence of drainage ditches, and possible mining activities.


More Definitions of Bank Instrument

Bank Instrument means the documentation of agency and bank sponsor concurrence on the objectives and administration of the bank. The “bank instrument” describes in detail the physical and legal characteristics of the bank, including the service area, and how the bank will be established and operated.

Related to Bank Instrument

  • Secured Bank Indebtedness means any Bank Indebtedness that is secured by a Permitted Lien incurred or deemed incurred pursuant to clause (6)(B) of the definition of Permitted Lien.

  • Bank Indebtedness means any and all amounts payable under or in respect of the Credit Agreement and the other Credit Agreement Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Credit Agreement), including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Issuer whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

  • Municipal debt instrument means any note, bond, debenture or other evidence of indebtedness issued by a municipality, including dematerialised or electronic evidence of indebtedness intended to be used in trade;

  • Gift instrument means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.

  • Debt Instrument means any loan, bond, debenture, promissory note or other instrument evidencing indebtedness (demand or otherwise) for borrowed money or other liability;

  • Material Debt Instrument means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged and delivered to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

  • BANK INDEMNITEES means Bank, its Subcustodians, and their respective nominees, directors, officers, employees and agents.

  • Security Instrument A written instrument creating a valid first lien on a Mortgaged Property securing a Mortgage Note, which may be any applicable form of mortgage, deed of trust, deed to secure debt or security deed, including any riders or addenda thereto.

  • Underlying Instrument means the loan agreement, credit agreement or other customary agreement pursuant to which a Collateral Obligation has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Collateral Obligation or of which the holders of such Collateral Obligation are the beneficiaries.

  • Municipal Obligation means municipal securities as described in the prospectus or other offering document for a Series.

  • Subsequent Transfer Instrument Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Company substantially in the form attached hereto as Exhibit D, by which Subsequent Mortgage Loans are transferred to the Trust Fund.

  • Document Transfer Event As defined in the Pooling and Servicing Agreement.

  • Dangerous instrument means any instrument, article or substance which, under the circumstances in which it is used or attempted or threatened to be used, is capable of causing death or serious physical injury, and includes a "vehicle" or a dog that has been commanded to attack.

  • Trust instrument means this Agreement and Declaration of Trust as the same may be amended and restated from time to time.

  • Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • money market instrument means with respect of an Index Calculation Date the Stockholm Interbank Offered Rate 3 Months (the "Reference Interest Rate"), as published on Bloomberg page STIBB3M Index (or any replacement Bloomberg page which displays that rate) (the "Screen Page") around 11:00 a.m. (London time) on that day.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • statutory instrument means an instrument (including a regulation) made or in force under or for the purposes of this Law, and includes an instrument made or in force under any such instrument;

  • the previous Instrument of Government means the Instrument of Government relating to the Corporation which had effect immediately before 1st January 2008;

  • Municipal Obligations means Municipal Bonds as described in the Offering Memorandum.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • Financial Instrument means those instruments specified in Section C of Annex I;

  • Financial Instrument Obligations means obligations arising under:

  • Credit-sale contract means a written contract for the sale of grain pursuant to which the sale price is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale and which contains the notice provided in subsection 7 of section 60-02.1-14. If a part of the sale price of a contract for the sale of grain is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale, only such part of the contract is a credit-sale contract.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.