Designated Bank Account definition

Designated Bank Account means the relevant bank account designated by each Holder;

Designated Bank Account means the relevant bank account designated by the relevant Holder;

Designated Bank Account means the bank account identified in the invoice related to the Contract as the account designated by the Seller for receipt of payment.

Examples of Designated Bank Account in a sentence

• The Cash Settlement Amount minus the determined Exercise Expenses shall be despatched no later than the Settlement Date, by crediting that amount, in accordance with the CCASS Rules, to the Designated Bank Account.

• Upon the occurrence of a Settlement Disruption Event, the Issuer shall use its reasonable endeavours to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Holder as soon as reasonably practicable after the original Settlement Date.

• If as a result of a Settlement Disruption Event, it is not possible for the Issuer to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Warrantholder on the original Settlement Date, the Issuer shall use its reasonable endeavours to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Warrantholder as soon as reasonably practicable after the original Settlement Date.

• The Cash Settlement Amount (net of any Exercise Expenses) will be despatched no later than the Settlement Date by crediting that amount, in accordance with the CCASS Rules, to the Designated Bank Account.

• If, as a result of a Settlement Disruption Event, it is not possible for the Issuer to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Holder on the original Settlement Date, the Issuer shall use its reasonable endeavours to procure payment electronically through CCASS by crediting the relevant Designated Bank Account of the Holder as soon as reasonably practicable after the original Settlement Date.

More Definitions of Designated Bank Account

Designated Bank Account means an HK$ account established and maintained with a bank licensed in Hong Kong solely for the purpose of the Project.

Designated Bank Account means such account of the Concessionaire in Account Bank identified for the purpose of receipt of all the dues from the Authority;

Designated Bank Account means an interest-bearing HK$ account established and maintained in the sole name of the Operator with a bank licensed under the Banking Ordinance, Cap. 155 solely and exclusively for the Grant.

Designated Bank Account means the following bank account of the:

Designated Bank Account means such bank account maintained by Client with the Licensed Financial Institution and designated by the Client to CIMB as the bank account for effecting the payment of sales proceeds via Electronic Payment;

Designated Bank Account means such bank account maintained by the Client with the Participating Bank and designated by the Client as the bank account for effecting the Electronic Payment for Shares Service;

Designated Bank Account means the bank account of such Participant/Issuer opened in the name of such Participant/Issuer, details of which were specified in connection with the opening of such Participant/Issuer’s account on the iSTOX Platform and updated from time to time;