Depository Bank definition
Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;
Depository Bank means a “Qualified Depository” as defined in the State Money Management Act of 1974, Title 51, Chapter 7, Utah Code Annotated, 1953, as amended, selected by the Issuer to receive deposits for the Revenue Account as herein described, the deposits of which shall be insured by the Federal Deposit Insurance Corporation.
Depository Bank has the meaning set forth in the Preamble.
Examples of Depository Bank in a sentence
In the event Customer incurs a loss due to the negligence, bad faith, willful misconduct, or insolvency of a Securities Depository, Bank shall make reasonable endeavors to seek recovery from the Securities Depository.
Where a Subcustodian deposits Securities with a Securities Depository, Bank shall cause the Subcustodian to identify on its records as belonging to Bank, as agent, the Securities shown on the Subcustodian’s account at such Securities Depository.
If Customer provides Bank with Instructions with respect to any Corporate Action after the deadline set by Bank but before the deadline set by a Securities Depository, Bank shall use commercially reasonable efforts to act on such Instructions.
More Definitions of Depository Bank
Depository Bank means each financial institution at which a Depository Account is maintained.
Depository Bank means ▇▇▇▇▇ Fargo Bank, N.A., or any successor depository bank appointed by ▇▇▇▇▇ and reasonably acceptable to Seller, or appointed by ▇▇▇▇▇ in Buyer’s sole discretion during the continuance of an Event of Default.
Depository Bank means, at any time, the depository bank which is party to the Cash Trap Account Security Agreement, the Project-Level Account Security Agreement or a Controlled Account Agreement.
Depository Bank means a bank, savings bank, savings and loan association, credit union, trust company, or other depository institution that has entered into a Deposit Account Control Agreement.
Depository Bank means the Michigan bank or trust company selected by the Board which is a member of the Federal Deposit Insurance Corporation.
Depository Bank means a bank designated by the Executive Director to hold deposits of the Trust’s funds. The obligation on the part of the Depository Bank is that it keeps the deposit and, upon request, restores it to the depositor or otherwise delivers it according to the original trust.
Depository Bank means Citizens Bank.