Control Bank definition

Control Bank means Citibank, N.A.

Control Bank means JPMorgan Chase Bank, N.A., or another bank acceptable to Lender.

Control Bank means a depositary bank appointed by Buyer and Seller to act as control bank under this Agreement.

Examples of Control Bank in a sentence

• The control banks may be partially inserted in the core, as allowed by LCO 3.1.6, "Control Bank Insertion Limits." The shutdown bank and control bank insertion limits are established to ensure that a sufficient amount of negative reactivity is available to shut down the reactor and maintain the required SDM (see LCO 3.1.1, "SHUTDOWN MARGIN (SDM)") following a reactor trip from full power.

• Control Bank D was assumed to be inserted to its insertion limit.

• After Bank receives a Notice of Exclusive Control, Bank will notify Creditor not less than thirty (30) calendar days prior to closing the Deposit Account in non-emergency circumstances and substantially contemporaneously with closing the Deposit Account in emergency circumstances (for example, in response to fraud or returned items), unless prohibited by law.

• In the event that any Default or Event of Default is in existence, Buyer shall be entitled to retain all Income, or shall direct the Control Bank on the applicable Repurchase Date, to apply such Income on deposit in the Collection Account.

• Lender will open two accounts with the Control Bank (the “Control Account”) and will deposit all swept funds into the Control Account for use in accordance with the Control Agreement.

More Definitions of Control Bank

Control Bank means as of the date hereof, PNC Bank, N.A., so long as it satisfies the Rating Criteria, or any other bank designated by Lender and reasonably acceptable to Borrower that satisfies the Rating Criteria.

Control Bank means with respect to the Collection Account, the Paying Agent, or any other bank reasonably acceptable to Lender.

Control Bank means (x) with respect to the Remittance Account and the General Reserve Account, Citibank, N.A. and (y) with respect to any Collection Account, any other bank reasonably acceptable to Lender that enters into a Collection Account Control Agreement.

Control Bank means (i) Wachovia Bank, National Association and its successors thereto, or (ii) such other bank as may be mutually acceptable among Sellers and Buyers.

Control Bank has the meaning specified in Section 5.01(j).

Control Bank means with respect to the Collection Account, the Paying Agent, or any other bank reasonably acceptable to Lender. “Costs” shall have the meaning assigned thereto in Section 14.03(a).

Control Bank means U.S. Bank National Association.