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

• The Business Entity acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted to the Receiving Depository Bank might be made by the Receiving Depository Bank (or by the Bank in the case of an On-Us Entry) on the basis of the account number even if it identifies a person different from the named Receiver, and that the Business Entity's obligation to pay the amount of the Entry to the Bank is not excused in such circumstances.

• Upon request, Company shall furnish the original or a copy of the authorization to any affected Participating Depository Bank, as defined in the Rules.

• Business Entity wishes to initiate PPD and/or CCD Entries pursuant to the terms of this Agreement and the NACHA Operating Rules and Guidelines (the Rules), and Bank is willing to act as an Originating Depository Bank (ODFI) with respect to such Entries.

More Definitions of Depository Bank

Depository Bank means each financial institution at which a Depository Account is maintained.

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 designated by the Commissioner of Taxation and Finance to hold deposits of the Corporation'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 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 Xxxxx Fargo Bank, N.A., or any successor depository bank appointed by Buyer and reasonably acceptable to Seller, or appointed by Buyer in its sole discretion during the continuance of an Event of Default.

Depository Bank means Citizens Bank.