Class A bank definition

Class A bank means a bank holding an “A” licence under the Banks and Trust Companies Law (2009 Revision);

Class A bank means a bank which is the holder of a licence under section 6(5)(a) of the Banks and Trust Companies Law (2020 Revision);

Class A bank means a bank with an “A” banking licence issued under the Banks and Trusts Companies Law (2009 Revision);

Examples of Class A bank in a sentence

• An irrevocable valid and fully enforceable Bank Guarantee from a Commercial (Class A) bank of Nepal in favour of SJVN Arun-3 Power Development Company acceptable to SAPDC.

• Retention Money to be recovered from Interim bills of the Contractor.3.2 The Contractor shall within 30 (Thirty) days from the date of issue of Letter of Acceptance, furnish a Performance Security Deposit of 5% (five percent) of the Contract Price for due performance of contract, in the form of a demand draft /Manager's Cheque/ FDR / Banker Cheque/ Pay order/Bank Guarantee issued by a Class A bank situated in Nepal acceptable to SJVN Arun-3 Power Development Company Private Limited.

• Retention Money to be recovered from Interim bills of the Contractor.3.2 The Contractor shall within 30 (Thirty) days from the date of issue of Letter of Acceptance, furnish a Performance Security Deposit of 5% (five percent) of the Contract Price for due performance of contract, in the form of a demand draft /Manager's Cheque/ FDR / Banker Cheque/Bank Guarantee issued by a Class A bank situated in Nepal acceptable to SJVN Arun-3 Power Development Company Private Limited.

• The Performance Security Deposit shall be in the form of a demand draft / FDR / Banker Cheque/ Pay order issued by a Class A bank situated in Nepal acceptable to SJVN Arun-3 Power Development Company Private Limited.

• If the amount of Performance Security is greater than NPR 10,000/- the bidder may submit the same in the form of irrevocable, valid and fully enforceable Bank Guarantee in favour of SJVN Arun-3 Power Development Company Private Limited in the prescribed form from a Class A bank situated in Nepal acceptable to SJVN Arun-3 Power Development Company Private Limited which shall be valid till 45 (Forty five) days beyond Completion Period.

• An irrevocable valid and fully enforceable Bank Guarantee from a Commercial (Class A) bank of Nepal in favour of SAPDC-NPR CONSTRUCTION ACCOUNT acceptable to SAPDC.

• An irrevocable valid and fully enforceable Bank Guarantee (may be in the format provided in tender document at Annexure-III) from a Commercial (Class A) bank of Nepal in favour of SJVN Arun-3 Power Development Company acceptable to SAPDC.

• Or An irrevocable valid and fully enforceable Bank Guarantee (in original) from a Commercial (Class A) bank of Nepal in favour of SJVN Arun-3 Power Development Company Pvt.

• However, any Class B bank could choose to improve its techno- logical capabilities, and graduate to the status of the Class A bank.

• It is clear from this figure that the ratio of reflectances at490 to 560 nm is better retrieved than the reflectances themselves, and that the uncertainty in this ratio is often within 5%.

More Definitions of Class A bank

Class A bank means a bank licensed under section 6 of the Banks and Trust Companies Law (2013 Revision) to conduct banking business within and outside the Islands but subject to such conditions as may be imposed by the Cayman Islands Monetary Authority;

Class A bank means each Bank that is a signatory to the Fourth Amendment.

Class A bank means a bank holding an “A” licence under the Banks and Trust Companies Act (2021 Revision);