Eligible Bank Account definition

Eligible Bank Account means a segregated account, which may be an account maintained with the Indenture Trustee, which is either (a) maintained with a depository institution or trust company whose long-term unsecured debt obligations are rated at least A by S&P and A2 by Xxxxx’x and whose short-term unsecured obligations are rated at least A-1 by S&P and P-1 by Xxxxx’x; or (b) a trust account or similar account maintained at the corporate trust department of the Indenture Trustee.
Eligible Bank Account means a segregated account, which may be an account maintained by the Indenture Trustee, which is maintained with a depository institution or trust company whose long-term unsecured debt obligations are rated at least “BBB” by S&P and whose short-term unsecured obligations are rated at least “A-2” by S&P.
Eligible Bank Account means a segregated account, which may be an account maintained with the Indenture Trustee, which is either (a) maintained with a depositary institution or trust company whose long-term unsecured debt obligations are rated at least “A” by Fitch and “A2” by Moody’s and whose short-term unsecured obligations are rated at least “A-1” by Fitch and “P-1” by Moody’s; or (b) a trust account or similar account maintained at the corporate trust department of the Indenture Trustee.

Examples of Eligible Bank Account in a sentence

  • Ensure that the email address submitted in the Rewards Redemption Form is the same email address as used in the application for the Eligible Bank Account.

  • SingSaver reserves the right to reject any Reward Redemption if application for the Eligible Bank Account is found to be made via other channels, or completed outside of the Promotion Period, and/or fraudulent, against the spirit of the promotion, or non-compliant with the Promotion Terms and Conditions.

  • The Eligible Bank Account must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, as determined by HSBC in its sole and absolute discretion, in order for the participant to be eligible for the Reward set out in Table 1 below.

  • Approval of any Eligible Bank Account and/or Product is subject to HSBC (Singapore)’s sole discretion at all times.

  • All Reward Redemption Forms received after 14 days of applying for the Eligible Bank Account or submitted through any means other than specified above in Clause 5, will not be eligible for the Promotion.


More Definitions of Eligible Bank Account

Eligible Bank Account means a segregated account, which may be an account maintained by the Indenture Trustee, which is either (a) maintained with a depositary institution or trust company whose long-term unsecured debt obligations are rated at least "A" by Fitch and "A2" by Moody's and whose short-term unsecured obligations are rated at least "A-1" by Fitch and "P-1" by Moody's; or (b) a trust account or similar account maintained at the corporate trust department of the Indenture Trustee held in the name of and for the benefit of the Noteholders.
Eligible Bank Account means a segregated account, which may be an account maintained with the Indenture Trustee, which is either (a) maintained with a depository institution or trust company whose long‑term unsecured debt obligations are rated at least BBB by S&P and whose short‑term unsecured obligations are rated at least A‑2 by S&P; or (b) a trust account or similar account maintained at the corporate trust department of the Indenture Trustee, acting in a fiduciary capacity, and the account is governed by Title 12 section 9.10(b) of the U.S. Code of Federal Regulations (Title 12 Regulations) or a similar U.S. state law.
Eligible Bank Account means a segregated account, which may be an account maintained with the Trustee, which is either (a) maintained with a depository institution or trust company whose long-term unsecured debt obligations are rated at least BBB+ by S&P and Baa1 by Xxxxx'x and whose short-term unsecured obligations are rated at least A-1 by S&P and P-1 by Xxxxx'x; or (b) a trust account or similar account maintained with a federally or state chartered depository institution subject to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. 9.10(b).
Eligible Bank Account means a segregated account held for the benefit of the Secured Parties which may be an account maintained with the Indenture Trustee, which is either: (i) maintained with a depository institution or trust company whose long-term unsecured debt obligations are rated at least A by S&P, A2 by Xxxxx’x and A by Fitch and whose short-term unsecured obligations are rated at least A-1 by S&P, P-1 by Xxxxx’x and F-1 by Fitch; or (ii) a trust account or similar account maintained at the corporate trust department and in the name of the Indenture Trustee.
Eligible Bank Account means, if such bank account does not meet the requirements of paragraphs (a) and (b) of such definition, a bank account otherwise acceptable to the Controlling Party.
Eligible Bank Account means a segregated account that is a segregated trust account maintained with the Trustee or the Managing Agents in its fiduciary capacity in its corporate trust department.
Eligible Bank Account means a segregated account held for the benefit of the Buyer which may be an account maintained with Quorum Federal Credit Union or which is either: (a) maintained with an Approved Financial Institution and in the name of the Buyer; or (b) a trust account or similar account maintained at the corporate trust department of U.S. Bank National Association and in the name of the Buyer.