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

• On January 30, 2017, the President issued E.O. 13771, entitled, ‘‘Reducing Regulation and Controlling Regulatory Costs’’ (82 FR 9339), which requires Federal agencies to take proactive measures to reduce the costs associated with complying with Federal regulations.On March 28, 2017, the Presidentissued E.O. 13783, entitled, ‘‘Promoting Energy Independence and Economic Growth’’ (82 FR 16093).

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

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

• 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.

• Purchaser shall have up to thirty (30) days from the date of delivery of the Shares to the Custodial Bank to pay the Purchase Price.

More Definitions of Custodial Bank

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. “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 Designated Financial Institutions as determined by Layer2, at which the Custodial Accounts will be held.

Custodial Bank means a financial institution with the general fiduciary duties to manage, control and collect the assets of an investment fund, including receiving all deposits and paying all disbursements as directed by NMERB staff, safekeeping of assets, coordination of asset transfers, timely settlement of securities transactions and accurate and timely reporting by individual account and in total. See Section 22-11-6 (B) (1).