Custodial Bank Account definition

Custodial Bank Account means the segregated bank account held by the Custodian for the purpose of their holding the Programme Investments details of the account being set forth in Item 3 of Schedule 2 of Investor Deed
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Custodial Bank Account means a Custodial Revenue Bank Account referred to in section 5(1) or a Custodial Trust Bank Account referred to in section 5(2);”.
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Custodial Bank Account means the segregated bank account held by the Custodian for the purpose of his holding the Fund Investment (the details of the account being set forth in the Investment Application Deed).
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Examples of Custodial Bank Account in a sentence

  • Member Firm payment bank access to any AE Clearinghouse Custodial Bank Account may not be transferred, assigned, sold, or leased to any other party, nor shall a Member Firm clear trades through another Member Firm, except as directed by the Authorized Compliance Officer.

  • Such sum shall not exceed for each Investor the sum available for release by the Custodian from that Investor's Fund Investment held in the Custodial Bank Account on behalf of the Investor.

  • This new section is a new section 16 and provides that:“Where electronic payments are to be made into Court, the Judiciary of Trinidad and Tobago may, by agreement with a Financial Intermediary, cause the bank charges, credit card charges, debit card charges, chargeback, administrative and other fees to be deducted from the Custodial Bank Account referred to in section 5(1) and (2) of the”—parent—“Act”.

  • The action of the Environmental Health Appeals Commission on any matter appealed to the Commission shall be final.

  • Investors will be invited to contribute funds to invest in the Fund and will pay an amount known as the Fund Investment to the Custodian to be held in the Custodial Bank Account.

  • Upon execution of the JVD the Custodian will withdraw the Fund Investment from the Custodial Bank Account and transfer it to the Film Production Account for the Joint Venture.

  • On receipt of the payment instrument (BG or SBLC cash backed, via MT760) and verification and acceptance by Sellers Custodial Bank Account, Seller will dispatch first shipment, within 12 (twelve) business days.

  • Respondent New Holland will provide a completed “Status of Custodial Bank Account for Shippers’ Proceeds” form (P&SP Form 7001) each month for 24 consecutive months beginning January 2018.

  • H2cryptO will not charge any fees concerning deposits into or withdrawals from the H2cryptO Custodial Bank Account.

  • Usually this solution stack consists of software for application development.

Related to Custodial Bank Account

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Administration Account As defined in Section 7.02.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.