Creditor Bank definition

Creditor Bank means the financial institution where the account of the Creditor is held and which has agreed with the Creditor about the terms and conditions of a product base on the SEPA Core Direct Debit Procedure.
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Creditor Bank means the financial institution where the account of the Creditor is kept and which has entered into an agreement with the Creditor in relation to the terms and conditions of a product based on the SEPA Core Direct Debit Procedure.
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Creditor Bank means the Bank where the account of the Creditor is kept and which has concluded an agreement with the Creditor about the rules and conditions of a product based on the SEPA Direct Debit Procedure.
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Examples of Creditor Bank in a sentence

  • Such request must be given to the Creditor Bank within five (5) Business Days from the Settlement day.

  • Attributes known by the Creditor Bank may be filled in by the Creditor Bank.

  • The most significant legal actions that are pending in relation to receivables are as follows: Parties to ProceedingsLitigation Value (in thousands of PLN)Proceedings Commencement DateDescription of Case Creditor: Bank Handlowy w Warszawie S.A.158,534 8 August 1996 –declaration ofbankruptcy.Case pending.

  • If, after having liaised with the Creditor Bank, the Bank determines the debit was unauthorized, the Bank will credit your account for the amount to be refunded.

  • After receipt of the response from the Creditor Bank, or after 30 Calendar Days at the latest starting from the receipt of the claim by the Debtor Bank from the Debtor, the Debtor Bank must determine the Refund claim.

  • The Bank has the right to carry out such a check at its own absolute discretion and in case of a discrepancy is entitled not to process the collection and return it to the Creditor Bank.

  • If a Creditor or the Creditor Bank request a reversal of a SEPA Direct Debit, the Bank is obliged to fulfill this request without a Customer’s prior agreement and with no obligation to check whether the original Collection was debited to the Customer’s Account or was rejected, returned or refunded.

  • Under the Scheme the Debtor Bank is entitled to recover the amount of a Refund from the Creditor Bank and the Creditor Bank is entitled to recover the amount of this Refund from the Creditor.

  • The SEMWG suggests incorporating the change request into the scheme (option b).This provides clarity on the concrete reason of an unsuccessfully executed SDD collection to the Creditor Bank.

  • Once the Bank receives such a request, it may request a copy of the Mandate or any other supporting evidence from the Creditor Bank who shall forward the request to the Creditor.


More Definitions of Creditor Bank

Creditor Bank. “Sponsoring Bank” or “Acquiring Bank” is the participant that sponsors the User’s Payment Instructions.
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Creditor Bank means any bank with outstanding credit toward a debtor, at the time of the signing of the interbank agreement on out-of-court treatment of distressed borrowers.
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Related to Creditor Bank

  • Creditor Representative means, with respect to Series 2023-5, the Indenture Trustee.

  • Senior Lender means each holder of a Senior Note.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Creditor Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Swap Banks, and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons to whom the Obligations are owing.

  • Bank Agent means Bank of America, N.A., in its capacity as administrative agent for the Bank Lenders under the Bank Credit Agreement, and its successors and assigns in such capacity.

  • Security Agent means the Bond Trustee or any successor Security Agent, acting for and on behalf of the Secured Parties in accordance with any Security Agent Agreement or any other Finance Document.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Creditor agency means a Federal agency to whom a debtor owes a mone- tary debt. It need not be the same agency that effects the offset.

  • Bank is defined in the preamble hereof.

  • Finance Parties means the Facility Agent, the Arrangers, the Bookrunners, the Security Trustee, the Lenders, the holders of any Senior Secured Notes and the trustees and/or agents in respect of any Senior Secured Notes and “Finance Party” means any of them.

  • Creditor Party means the Agent, the Security Trustee or any Lender, whether as at the date of this Agreement or at any later time;

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Payor bank means a bank that is the drawee of a draft.

  • Facility Agent has the meaning set forth in the Preamble.

  • Swap Bank means any Lender or an Affiliate of a Lender in its capacity as a party to a Swap Contract entered into after the date of this Agreement.

  • HSBC means HSBC Bank USA, National Association.

  • Secured Lender means an individual or organization originating a loan in a real estate or business opportunity transac- tion secured by real estate or by the assets of a business or a busi- ness opportunity.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Agent Bank means, in relation to a Series of Securities, the entity (if any) appointed as such under the Agency Agreement and as specified in the Issue Terms.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Bank Product Provider means Xxxxx Fargo or any of its Affiliates.