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 with an “A” banking licence issued under the Banks and Trusts Companies Law (2009 Revision);
Class A bank means each Bank that is a signatory to the Fourth Amendment.
Examples of Class A bank in a sentence
Option 2: Not later than 10 days after fully signed sales contract, Buyer shall establish a Letter of Credit (L/C) payable on sight of original documents, opened through or confirmed by a US or International Class A bank acceptable to Seller, for the 90% balance of payment.
Option 2: Not later than 10 days after this fully signed sale agreement, Buyer shall establish a Letter of Credit (L/C) payable on sight of original documents, opened through or confirmed by a US or International Class A bank acceptable to Seller, for the 90% balance of payment.
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 a bank holding an “A” licence under the Banks and Trust Companies Act (2021 Revision);