Disbursement Bank definition

Disbursement Bank means Pacific Western Bank.
Sample 1Sample 2Sample 3
Disbursement Bank means any of the banks or other financial institutions listed as a "Disbursement Bank" on Schedule V hereto, as amended from time to time in accordance with Section 7(c).
Sample 1Sample 2

Examples of Disbursement Bank in a sentence

  • Where the Transporter needs to buy or sell Balancing Gas during a month, the costs/revenues are also handled through the NI Postalised Network Disbursement Bank Account such that all Shippers share in the payment/revenues in proportion to their Throughput.

  • Article–10(a) The AGENT shall maintain a separate Disbursement Bank Account styled as M/s.

  • The Transporter shall procure the set up and operation of a separate bank account (the “ BGE (NI) Postalised Network Disbursement Bank Account”) and shall procure the administration of the BGE (NI) Postalised Network Disbursement Bank Account in conjunction with the administration of the PTL Postalised Network Disbursement Bank Account in accordance with a procedure (the “Postalised Network Disbursement Procedure”) established pursuant to the NINOA.

  • A Shipper acknowledges that the Transporter shall, and the Transporter agrees to, apply all sums deposited in and interest earned on the account referred to in Section 12.7.3 (b) in making an immediate payment of the Outstanding PS Code Charges due to the Transporter; or shall credit the relevant amounts to the BGE (NI) Postalised Network Disbursement Bank Account.

  • The costs and expenses of the Verifying Accountant shall be paid by the Transporter from the BGE (NI) Postalised Network Disbursement Bank Account.

  • Due to the need for a single Aggregate NI Imbalance to be calculated for each Shipper, and charges to be invoiced accordingly, the NI TSOs have agreed that, from 1st October 2015, there shall only be one Postalised Network Disbursement Bank Account which shall be operated by PTL on behalf of the NI TSOs.

  • It is understood and agreed that the release of proceeds of the Loans from the 2019 Convertible Notes Repurchase Blocked Account shall be subject to no conditions other than as set forth in the immediately preceding sentence and the Administrative Agent shall direct the Second Lien Agent to direct the Disbursement Bank to release such funds on the date of satisfying such conditions.

  • It is understood and agreed that the release of proceeds of the Initial Term Loan and Delayed Draw Term Loan A from the 2019 Convertible Notes Repurchase Blocked Account shall be subject to no conditions other than as set forth in the immediately preceding sentence and the Administrative Agent shall direct the Disbursement Bank to release such funds on the date of satisfying such conditions.

  • PTL shall procure the set up and operation of the Postalised Network Disbursement Bank Account and shall procure the administration of the Account on behalf of all the NI TSOs in accordance with a procedure established pursuant to the NINOA.

  • Premier Transmission shall procure the set up and operation of the NI Postalised Network Disbursement Bank Account and shall procure the administration of the NI Postalised Network Disbursement Bank Account in accordance with the Postalised Network Disbursement Procedure established pursuant to the NINOA.

Related to Disbursement Bank

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Agent Bank means, in relation to a Series of Securities, the entity (if any) appointed as such under the Agency Agreement and as specified in the Issue Terms.

  • Settlement Bank means a participant whose PM account or sub-account is used to settle AS payment instructions,

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.

  • Investment Bank means each of those reputable internationally recognised investment banks, selected from time to time as First Choice Investment Banks or as a Third Investment Bank in terms of Section 1.4 or Section 1.5 of the Subscription Agreement (as the case may be), whose Mandate Letters remain effective.

  • Administrative Agent's Payment Office means the address for payments set forth on the signature pages hereof in relation to the Administrative Agent or such other address as the Administrative Agent may from time to time specify in accordance with Section 10.01.

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • Replacement Bank shall have the meaning provided in Section 1.13.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Disbursement Agreement means, on any date, the Disbursement Agreement, as originally in effect on the Closing Date, among the Borrower, Holdings, the Administrative Agent, the Discount Note Indenture Trustee, the Disbursement Agent, the Servicing Agent and the Securities Intermediary and as thereafter from time to time amended, supplemented, amended and restated or otherwise modified.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Administrative Agent Fee Letter means the Administrative Agent Fee Letter dated as of the Closing Date between the Borrower and the Administrative Agent.

  • Disbursement is defined in Section 2.6.2.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Administrative Agent Fee has the meaning specified in the Administrative Agent Fee Letter.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.