Disbursing Bank definition

Disbursing Bank means any commercial bank with which a Controlled Disbursement Account is maintained after the Effective Date.
Sample 1Sample 2Sample 3
Disbursing Bank means any banking institution approved by the Agent located within France;
Sample 1Sample 2
Disbursing Bank means any commercial bank with which a Disbursement Account is maintained after the Agreement Date.
Sample 1

Examples of Disbursing Bank in a sentence

  • We may charge the Funding Account for the actual or estimated total amount of Controlled Disbursement Items and transfer the funds to the Disbursing Bank for credit to the Disbursement Account.

  • The amount so received by the Disbursing Bank shall, subject to the terms and conditions of this Agreement and upon instruction from the Agent to the Disbursing Bank on or before 10:00 A.M. on the date of such Advance, be made available to the Borrower by delivery of the proceeds thereof to the Borrower's account with the Disbursing Bank.

  • Upon receipt of (a) notice of the total dollar amount of checks presented as described in Section 3, or (b) determination of an amount that will be required to fund as described in Section 4, the Bank is authorized to charge the Funding Account for the amount(s) and to transfer that amount to the Disbursing Bank in good and collected funds for credit to the Checking Account.

  • If (i) the Bank has transferred funds for credit to the Checking Account and the Company does not comply with this Section 6 or the Bank has reason to believe that the Company may not comply, or (ii) the Company has chosen to use the deferred funding Service, and the Bank has reason to believe that a deposit made by the Bank on behalf of the Company will be returned unpaid, the Bank is authorized to instruct the Disbursing Bank to return the funds.

  • If this occurs after a cut-off time established by the Bank, the Bank will make a good faith attempt to transfer sufficient funds to the Disbursing Bank prior to the close of that business day.

  • Neither the Bank nor the Disbursing Bank intends to make a loan to the Company.

  • The Bank may require that any funds to be deposited under this Section 6 be deposited before funds are transferred to the Disbursing Bank.

  • The Company will execute all documents necessary to establish and will maintain a checking account (the "Checking Account") with the Bank's affiliate separately identified in writing (the "Disbursing Bank").

  • If an employee ( Pensioner) does not furnish his PAN to the employer ( in the case of retirees the Pension Disbursing Bank), the employer ( The Bank) will have to deduct Income Tax at source (TDS) at 20% or higher rate from the pension so disbursed.

  • The amount so received by the Disbursing Bank shall, subject to the terms and conditions of this Agreement and upon instruction from the Agent to the Disbursing Bank on or before 10:00 A.M. on the date of such Advance, be made available to the Borrower by delivery of the proceeds thereof to the Borrower's Account with the Disbursing Bank or otherwise as shall be directed by the Authorized Representative and reasonably acceptable to the Agent.


More Definitions of Disbursing Bank

Disbursing Bank means any commercial bank with which a Controlled Disbursement Account is maintained after the Effective Date. "Dollar" and "$" means freely transferable United States dollars.
Sample 1

Related to Disbursing Bank

  • Disbursing Agent means the Reorganized Debtors or the Entity or Entities selected by the Debtors or the Reorganized Debtors, as applicable, to make or facilitate distributions pursuant to the Plan.

  • 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.

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

  • DIP Lender means a lender under the DIP Facility.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Dividend Disbursing Agent shall have the meaning designated in Section 5.2(e) hereof.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Administrative hearing means a type of hearing that an appellant may elect in which the presiding officer reviews the written record only and makes a decision based on the facts available within the appeal file. An administrative hearing does not require an in-person or teleconference hearing. The final determination to establish whether an administrative hearing may be held will be made by the appeals section or the presiding officer.

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

  • Reorganized Debtors means, subject to the Restructuring Transactions, the Debtors as reorganized pursuant to this Plan on or after the Effective Date, and their respective successors.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Administrative Plans means investment plans offered by the Management Company and approved by the Commission, where such plans allow investors a specific investment strategy in any one or a combination of Schemes managed by the Management Company in accordance with the conditions specified by SECP.

  • 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.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Agent’s Account means the Deposit Account of Agent identified on Schedule A-1.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.