Clearing House Bank definition

Clearing House Bank as such term is defined in Section 2(a) hereof.
Sample 1Sample 2Sample 3
Clearing House Bank. Escrow Agreement" and "Letter of Credit" in the Table of Defined Terms to the Purchase Agreement are hereby deleted in their entirety.
Sample 1

Examples of Clearing House Bank in a sentence

  • The New Hampshire State Treasury will be funded to process transfers in and out of the Automatic Clearing House Bank, as well as managing accounts and investments related to the DWSRF.

  • Tenant agrees to pay rent as herein provided at the office of Landlord or such other place as Landlord may designate, payable in United States legal tender, by cash, or by good and sufficient check drawn on a New York City Clearing House Bank, and without any set off or deduction whatsoever.

  • Although these two reports found no evidence that clearing banks had excluded potential entrants the Bank of England, the UK’s central bank (and a clearing bank since 1864) became more active in controlling membership of the Clearing House (Bank of England,1987:392).

  • Tenant agrees to pay rent as herein provided at the office of Landlord or such other place as Landlord may designate, payable in United States legal tender, by cash, or by good and sufficient check drawn on a New York City Clearing House Bank, and without any set off or deduction whatsoever except as otherwise set forth herein.

  • A payment clearing system has existed in London since the 1770s, for much of that time based at the Banker's Clearing House (Bank of England, 1987:392).

  • The sales tax returns, if required, together with a good, unendorsed certified or official bank check drawn on or by a Clearing House Bank payable to the order of the appropriate collection officer in the amount of the sales tax due thereon.

  • With the implementation of Employee Self-Service, instructional employees will have the option todesignate a portion of their earnings into a second account with a financial institution associated with the Automated Clearing House Bank Program of the instructional employee’s choice.

  • However, paradoxically, many of these borrowers are outside the scope of traditional credit benchmarks: across a sample of the loan books of 20 global and major regional banks, morethan 90% of the bank obligors are unrated by the major nationally recognized statistical rating organizations.1THE REGULATORY PERSPECTIVEAccording to The Clearing House Bank Conditions Index,2 the resilience of the U.S. banking system is at a 20-year high across the dimensions of capital, liquidity, and risk aversion.

  • Motion by Commissioner Noack, seconded by Commissioner Clark, to approve the selection of the following applicants for RFP-Application for Clearing House Bank Depository and Participating Banks:  Amegy Bank for the Tax Office and  Woodforest National Bank for County Clerk, District Clerk, and Treasurer’s Office.

  • The Additional Downpayment shall be in the form of a certified or bank check drawn on or by a Clearing House Bank (as defined below) or by wire transfer in immediately available funds to the Escrow Agent's account as set forth in the Escrow Agreement.

Related to Clearing House Bank

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Boarding house means a residence in which lodging and meals are provided. Each resident of a boarding house is charged a lump sum to cover the costs of lodging and meals with no separate accounting for the fair selling price of the meals.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • ACH means automated clearing house transfers.

  • Clearinghouse means the Federal Motor Carrier Safety Administration Commercial Driver's License Drug and Alcohol Clearinghouse.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Lodging House means a building designed or intended to contain, or containing Lodging Units where the residents share access to common areas of the building, other than the Lodging Units;

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • EFT means electronic funds transfer.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Custodian bank means as defined in section 515.35.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Funds transfer means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.

  • Account Number means the identification number given by the U.S. EPA to each NOx allowance tracking system account.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.