Examples of Depo Bank in a sentence
If an approval prescribed by this paragraph is given, the Security Trustee shall take such actions which are reasonably necessary to confirm or otherwise make effective the nomination of the Administrator by the Issuer, including but not limited to notification of its approval / consent to the Depo Bank and/or Depositary.
The Depo Bank will be entitled to additionally satisfy itself with respect to the authenticity of any instruction ostensibly delivered by any Authorized Person for the Secured Party, including by requiring that authority to act on behalf of the Secured Party is certified by an independent officer of the Secured Party, such as the corporate secretary, and imposing such additional requirements as it may reasonably require.
The Secured Party agrees promptly to notify the Depo Bank in writing of the full satisfaction of the Secured Obligations.
As between the Depo Bank and the Issuer, the Issuance Account Terms will apply with respect to any losses or liabilities of such Parties arising out of the Terms and Conditions of the Bonds or this Agreement.
The Depo Bank will not be required to verify the calculation of amounts or whether the Issuer is complying with its obligations under the Terms and Conditions of the Bonds except to the extent specified in this Agreement.