Custodial Bank definition

Custodial Bank means the bank that will receive and retain the Shares of the Company on behalf of the parties, until payment is received and the purchase is complete in accordance with Schedule A. In this case, the Custodial Bank is Xxxxx Brothers Xxxxxxxx, (BBH), New York City, New York. The account holder is Banca MB as the intermediary fund receiving bank.

Custodial Bank means a bank holding on deposit collateral which is security for state bank accounts.

Custodial Bank means a financial institution with the general

Examples of Custodial Bank in a sentence

• The Glens Falls National Bank chartered by the State of New York is designated to act as Custodial Bank of the Local Government’s investments.

• Every Repurchase Agreement shall provide for payment to the seller only upon the seller’s delivery of obligations of the United States to the Custodial Bank designated by the Local Government, or in the case of a book entry transaction, when the obligations of the United States are credited to the custodian’s Federal Reserve Bank account.

• The Custodial Bank Shall confirm all transactions in writing to insure that the Local Government’s ownership of the securities is properly reflected on the records of the Custodial Bank.

• However, securities may not be purchased through a Repurchase Agreement with the Custodial Bank.

• When purchasing eligible securities the seller shall be required to deliver the securities to our Custodial Bank.

More Definitions of Custodial Bank

Custodial Bank. “we,” “us” or “our” mean the applicable Custodial Bank. You can find the name of the Custodial Bank for your CD(s) or MMDA(s) (each as defined in Section 1(b) below) here.

Custodial Bank means [REDACTED].

Custodial Bank the bank or trust company selected by Seller to hold the Securities for the benefit of Buyer;

Custodial Bank. This is the depository institution that acts as your custodian for the sole purpose of holding your deposits at the Product Banks. It establishes an omnibus custodial deposit account at each Product Bank that holds only the funds of Service customers. There may be more than one Custodial Bank.

Custodial Bank means a federal reserve bank or branch thereof or any bank designated by the board as described in this rule.

Custodial Bank shall have the meaning ascribed to such phrase in Section 3.06 hereof.

Custodial Bank means a ‘bank’ as defined by the Mauritius Financial Services Act, 2007 (as amended from time to time);