FRBNY Account definition

FRBNY Account means the Participant's Securities Account maintained in the name of the Collateral Agent by the FRBNY.
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FRBNY Account means the FRBNY Member Securities Account maintained in the name of the Securities Intermediary by the FRBNY.
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FRBNY Account means a deposit account, account number 021081888, in the name of “FRBNY SPECIAL OPERATIONS ACCOUNT 3”, maintained at the Federal Reserve Bank of New York, or any other deposit account designated by the FRBNY through written notice to the Lender and the Parent Borrower.
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Examples of FRBNY Account in a sentence

  • An EHB-benchmark plan must meet the following standards: (a) EHB coverage.

  • Upon failure by the Obligor to pay punctually any Guaranteed Obligation, the undersigned shall forthwith pay the amount of Guaranteed Obligations not so paid at FRBNY Account.

  • No intra-day or overnight credit shall be granted by the ECB in respect of the FRBNY Account.

  • After concluding that the FRBNY Account had been used in 2005 for “central banking functions as such functions are normally understood,” and that the Republic had not specifically waived immunity with respect to assets used for central banking functions, the panel held that the FRBNY Account was immune under § 1611.

  • Indeed, BCRA acknowleded that it maintains at least some property in the United States outside of the FRBNY Account when it argued that the FRBNY Account holds its only “substantial assets” in the United States (BCRA Memo.

  • The ongoing, frivolous attempts to block Plaintiffs’ discovery requests are an issue that has already arisen and that would be resolved by entry of a declaratory judgment.the FRBNY were used for “paradigmatic central banking activity” does not mean that they currently are used exclusively for such activity, or that they will be used for such activities in the future.15 Moreover, the Second Circuit made no findings at all concerning any property held outside of the FRBNY Account.

  • In furtherance of the foregoing, the Guarantors hereby agree to make payments of principal and interest in respect of the Term Loans to the FRBNY Account set forth in the Borrower Facility and each payment of principal of the Term Loans shall be credited against and reduce on a dollar-for-dollar basis the maximum amount of the Guarantors’ obligations hereunder.

  • Upon failure by the Obligor to pay punctually any Guaranteed Obligation, the Guarantors shall pay the amount of Guaranteed Obligations not so paid at the FRBNY Account (as defined in the Amended and Restated Credit Agreement).

  • In furtherance of the foregoing, the undersigned hereby agrees to make payments of principal and interest in respect of the Term Loans to the FRBNY Account set forth in the Amended and Restated Credit Agreement and each payment of principal of the Term Loans shall be credited against and reduce on a dollar-for-dollar basis the maximum amount of the Guarantors’ obligations under the Guarantee.

  • On the Maturity Date, the USD amount shall be repaid, plus any accrued interest in respect of the FRBNY Account as described in Section 3(b), to the FRBNY through the ECB Account.

Related to FRBNY Account

  • Company Account means the bank or/and electronic Account of the Company, and the Company Account in the Processing Center.

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Administration Account As defined in Section 7.02.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Investment Account As defined in Section 3.12(a).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Separate Accounts means the accounts which are to be prepared for each

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.