Central Account Bank definition

Central Account Bank have the meanings set forth in Section 7.1.
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Central Account Bank means First Union National Bank, a national banking association.
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Central Account Bank shall have the meaning ascribed to it in Section 3.01(a).
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Examples of Central Account Bank in a sentence

  • The Deposit Bank and the Central Account Bank shall be directed to deliver to the Borrowers copies of bank statements and other information made available by the Deposit Bank and the Central Account Bank concerning the Deposit Account and the Central Account, respectively.

  • All funds of the Borrowers which are deposited with Central Account Bank as Reserves hereunder shall be held by Central Account Bank in one or more Permitted Investments, such Permitted Investments, prior to an Event of Default, to be made as directed by the Borrowers.

  • The Central Account Bank shall be entitled to execute any of the powers hereunder or perform any duties hereunder either directly or through agents or attorneys; provided, however, that the execution of such powers by any such agents or attorneys shall not diminish, or relieve the Central Account Bank for, responsibility therefor to the same degree as if the Central Account Bank itself had executed such powers.

  • The Central Account Bank shall be protected in acting upon any notice, resolution, request, consent, order, certificate, report, opinion, bond or other paper, document or signature reasonably believed by it to be genuine, and it may be assumed that any Person purporting to act on behalf of any Person giving any of the foregoing in connection with the provisions hereof has been duly authorized to do so.

  • Amounts outstanding for payment up to the time of confirmation of payment by the Central Account Bank shall be deducted from the Limit within which the Participant-Seller may sell during the auction sessions held up to the time of confirmation.

  • Notices to the Central Account Bank shall be addressed as follows: THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, 16th Floor Houston, Texas 77002 Attention: Corporate Trust Services, re: Pinnacle Towers Acquisition Holdings LLC.

  • The Securities Accounts shall each be in the name of the Indenture Trustee, as secured party; provided, however, that in the event the Indenture Trustee resigns or is replaced pursuant to the terms of the Indenture, the Central Account Bank shall change the name of each Securities Account to the name of the successor or assignee.

  • If no such successor Central Account Bank is appointed within thirty (30) days after receipt of the resigning Central Account Bank’s notice of resignation, the resigning Central Account Bank may petition a court for the appointment of a successor Central Account Bank.

  • Central Account Bank (BCR) - Banca Comercială Română S.A., which acts as a collecting institution in relation to BRM and with which BRM has opened the Central Account related to BRM DAY-AHEAD/Within-day GAS to be credited or has been credited with the amounts set out in the Direct Debit Instructions issued by BRM and debited with the amounts set out in the payment orders.

  • No such resignation by the Central Account Bank shall become effective until a successor Central Account Bank shall have accepted such appointment and executed an instrument by which it shall have assumed all of the rights and obligations of the Central Account Bank hereunder.


More Definitions of Central Account Bank

Central Account Bank means Wachovia Bank, N.A., or any successor financial institution appointed by Lender pursuant hereto or pursuant to the Central Account Agreement.
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Central Account Bank are defined in Section 7.1.
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Related to Central Account Bank

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is located within the United States that has been designated as such, in writing, by Borrowers to Agent).

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Concentration Account Bank means any bank or other financial institution at which the Concentration Account is maintained.