Excess Bank definition

Excess Bank shall have the meaning assigned to that term in Section 6.6(b).
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Examples of Excess Bank in a sentence

  • Upon the effective date of any assignment under this Section 6.6(b) (and as a condition thereto), the Borrower shall cause the Non-Excess Bank to, assume, in the case of Commitments, and pay, in the case of Loans to the Excess Bank its portion of the Excess Amounts so being assigned (including interest, Facility Fees, compensation and additional amounts under this Section 6, in each case accrued to the effective date of such assignment).

  • In the case of a lender that was not a Bank prior to the assignment, such lender shall become a “Bank” for all purposes of this Agreement having a Commitment in the amount of the Commitment assumed by it, and such Commitment of the Excess Bank being assigned shall be terminated upon such effective date.

  • At the end of any given month,a reallocation of Program Deposits may occur, due to deposits in excess of the Maximum Deposit Amount at any Bank including an Excess Bank, an elimination of a Bank or the temporary removal of a Bank from the Program.

  • Once funds in this Excess Bank have reached the Maximum Deposit Amount, your funds will be deposited in the next Bank on the Program Bank List, not the next Excess Bank.

  • At the end of any given month, a reallocation of Program Deposits may occur, due to deposits in excess of the Maximum Deposit Amount atany Bank including an Excess Bank, an elimination of a Bank or the temporary removal of a Bank from the Program.

  • Uninsured deposits are subject to the credit risk of the Excess Bank and may result in a loss of principal and accrued interest.

  • If all your funds are withdrawn from an Excess Bank, the next time your funds are available for deposit in an Excess Bank, your funds may be deposited in a different Excess Bank.You may not change the Banks on the Program Bank List, the order in which funds are deposited at the Banks on the Program Bank List, or the Maximum Deposit Amount at any Bank.

  • The Bank List may include one or more Program Banks that constitute Excess Banks; we may deposit your funds at an Excess Bank without limit and without regard to Deposit Limit if funds sufficient to meet the Program Insurance Eligibility Limit have been placed at one or more Priority Banks.

  • You cannot exclude Coastal Community Bank from your Priority List, and at least one Excess Bank must remain eligible to receive your funds.

  • If all of your funds are withdrawn from an Excess Bank, the next time your funds are available for deposit into an Excess Bank, your funds may be deposited into a different Excess Bank.

Related to Excess Bank

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • qualified U.S. Bank means a qualified U.S. bank as defined in Rule 17f-5 under the Investment Company Act of 1940;

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Bank of America Fee Letter means the letter agreement, dated January 4, 2011, among the Borrower, Bank of America and MLPFS.

  • Non-U.S. Bank means a Person that is not a United States Person and that is not described in Section 881(c)(3) of the Code.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467a(b) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Wells Fargo means Wells Fargo Bank, National Association.

  • Bank of America means Bank of America, N.A. and its successors.

  • KeyBank means KeyBank National Association.

  • Chase means The Chase Manhattan Bank.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • GS Bank shall have the meaning assigned to such term in the preamble to this Agreement.

  • Royal Bank means Royal Bank of Canada.

  • U.S. Bank means U.S. Bank National Association, a national banking association.

  • Excess Energy has the meaning set forth in Section 4.5(a)(i). [For As-Available Product only]

  • National City National City Mortgage Co., or any successor thereto.

  • Ineligible Institution has the meaning assigned to such term in Section 9.04(b).

  • SunTrust means SunTrust Bank.

  • PNC Bank means PNC Bank, National Association.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • Trust Company means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.

  • FSB means American Express Bank, FSB, a federal savings bank, and its successors and assigns.

  • Citibank means Citibank, N.A.