Depositary Bank definition
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 a bank at which a deposit account of any Grantor is maintained.
Examples of Depositary Bank in a sentence
Notwithstanding any provision to the contrary contained in this Section 2.15, during the continuance of an Event of Default and the exercise of control over the Collateral Accounts by the Collateral Agent, the Collateral Agent shall (and shall direct the Depositary Bank, on behalf of the Secured Parties, to) apply amounts on deposit in the Collateral Accounts as provided in Section 8.03.
More Definitions of Depositary Bank
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 assigned to such term in the introductory paragraph of this Agreement.
Depositary Bank means the first bank to take an item even though it is also the payor bank,
Depositary Bank has the meaning given such term in the preamble hereto.
Depositary Bank means Citibank, N.A., as depositary under the Deposit Agreement.