Depositary Bank means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter.
Depositary Bank means a bank at which a Controlled Deposit Account is maintained.
Depositary Bank means the first bank to which a check is transferred even though it is also the paying bank or the payee. A check deposited in an account is deemed to be transferred to the bank holding the account into which the check is deposited, even though the check is physically received and indorsed first by another bank.
Examples of Depositary Bank in a sentence
None of the Indenture Trustee, the Securities Intermediary or the Depositary Bank makes any representations as to the validity or sufficiency of this Amendment.
The recitals contained in this Amendment shall be taken as the statements of the Issuer, and none of the Indenture Trustee, the Securities Intermediary or the Depositary Bank assumes any responsibility for their correctness.
Xxxxx Title: Vice President WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Depositary Bank By: Xxxx X.
The rights, privileges and immunities afforded to the Indenture Trustee, the Securities Intermediary and the Depositary Bank under the Indenture shall apply hereunder as if fully set forth herein.
More Definitions of Depositary Bank
Depositary Bank means a bank at which a deposit account of any Grantor is maintained.
Depositary Bank shall have the meaning provided in Section 3.9.
Depositary Bank means the depositary bank under the Deposit Account Agreement.
Depositary Bank has the meaning specified in Section 5.3(f) and shall initially be Wilmington Trust, National Association.
Depositary Bank shall have the meaning set forth in the Security and Account Control Agreement.
Depositary Bank shall have the meaning given to such term in the Deposit and Disbursement Agreement.
Depositary Bank means an account bank at which Borrower maintains any Collateral Account.