Examples of Deposit Provider in a sentence
In the event of a conflict between the instructions given to the Third Party Deposit Provider by the Agent and the instructions given to the Third Party Deposit Provider by the Customer (in the event that the appointment of the Agent has been terminated), instructions of the Customer shall prevail and the Agent will have no liability for any losses as a result of such instructions from the Customer.
No waiver or modification of the provisions of this Amendment shall be valid unless it is in writing and executed pursuant to Section 13.01 of the M&N Holdings Operating Agreement and then, only to the extent therein set forth.
Further, the Third Party Deposit Provider agrees that whilst this agreement remains in effect and for a period of twelve months following the date on which this Agreement is terminated, it will undertake no marketing of any deposit-taking, investment and/or custody products and services from their Wholesale Markets, London office to any Customers introduced as a result of this Agreement.
Third Party Deposit Provider cut-off times are as follows GB Pounds Sterling 2:30 pm London time, EURO 2:30 pm London time, US Dollars 4:00 pm London time, as the same may be amended from time to time by written notice from the Third Party Deposit Provider to the Agent.
Further, the Agent acknowledges that the Customer has acknowledged and agreed that it shall hold the Third Party Deposit Provider harmless from any and all actions, proceedings, claims, liabilities, losses or damages incurred by the Customer or any third party for acting upon the Agent’s instructions and shall not be entitled to proceed directly or indirectly against the Third Party Deposit Provider for acting upon the Agent’s instructions.
Pursuant to Third Party Deposit Placement Services Terms and Conditions between a customer of the Agent (each a “Customer”) and the Agent, the Agent may place cash deposits from time to time (for and on behalf of the relevant Customer) with the Third Party Deposit Provider (as selected by that Customer).
Subject to the cut-off times set out in Clause 1.5, the Agent (acting for and on behalf of the Customer) may, on any Business day, request a deposit break subject to break costs to be specified by the Third Party Deposit Provider.
The Agent shall retain the Customer identification records for at least the minimum period required under applicable laws and regulations, and shall, if so requested, in compliance with applicable data protection laws, make such records available to the Third Party Deposit Provider and to the appropriate authorities with jurisdiction over the Third Party Deposit Provider in order to enable it to comply with applicable AML, anti-terrorism or KYC laws or regulations applying to it.
Any such request given by the Agent shall specify the amounts to be withdrawn and the Third Party Deposit Provider shall comply with such request promptly.
The Third Party Deposit Provider hereby undertakes and agrees to provide explicit acknowledgement of such security granted for the benefit of any third party, but without accepting any liability for the validity of the security granted by the Customer, if required.