HSBC RAL definition

HSBC RAL means “HSBC RAL” as such term is defined in the Appendix of Defined Terms and Rules of Construction attached as Appendix A to Retail Settlement Products Distribution Agreement.
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HSBC RAL means (a) any RAL made by the Originator through a Block Office pursuant to or under color of (i) the Retail Distribution Agreement or a Franchisee
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Examples of HSBC RAL in a sentence

  • If BFC receives any payment for any HSBC RAL, BFC shall deliver such payment to the Servicer for deposit into the applicable Deposit Account as provided in Section 3.2 of the Servicing Agreement.

  • Each such Participation Interest shall be purchased by BFC on the first Business Day following the Business Day on which the Disbursement Check for such HSBC RAL or HSBC IMA has been presented to HSBC Bank or HSBC Trust, as the case may be, for payment or Electronic Disbursement for such HSBC RAL or HSBC IMA, has been made by HSBC Bank or HSBC Trust, as the case may be.

  • For the purposes of this Article VI, no proceeds of a HSBC RAL shall be deemed to be impaired hereunder solely because such proceeds are held by HSBC NA or HSBC Trust for more than the applicable period under Section 9-315(d) of the UCC as in effect in the State of Delaware.

  • The Servicer shall deposit into the related General Collections Deposit Account, on the day of receipt, all payments and collections received by it on or after the date hereof with respect to the related HSBC RAL or HSBC RAC which do not constitute the Refund Paid.

  • Each Participated HSBC RAL is an Eligible RAL, and each Participated HSBC IMA is an Eligible IMA.

  • With respect to each HSBC RAL and HSBC RAC, the Servicer shall establish and maintain, as appropriate, one Refund Deposit Account or one General Collection Deposit Account, or both, in compliance, as applicable, with the Internal Revenue Code and other applicable law, the RAL Documents and/or the Program Contracts, for the benefit, as applicable, of the relevant Settlement Product Client, and the owners of, and participants in, the relevant Settlement Product, for the purposes set forth herein.

  • The Purchase Price for each Participation Interest on each Closing Date shall be equal to the product of (a) the Applicable Percentage on such Closing Date, multiplied by (b) the Principal Amount minus (1) in the case of an HSBC RAL, the RAL Fees and the Refund Account Fees of the HSBC RAL, or (2) in the case of an HSBC IMA, the IMA Fees, in which a Participation Interest is being purchased.

  • Each such Participation Interest shall be purchased by BFC on the first Business Day following the Business Day on which the Disbursement Check for such HSBC RAL has been presented to HSBC NA or HSBC Trust, as the case may be, for payment or Electronic Disbursement for such HSBC RAL, has been made by HSBC NA or HSBC Trust, as the case may be.

  • For the purposes of this Article VI, proceeds of a HSBC RAL shall not be deemed to be impaired hereunder solely because such proceeds are held by HTMAC for more than the applicable period under Section 9-315(d) of the UCC as in effect in the State of Delaware.

  • For the purposes of this Article VI, no proceeds of a HSBC RAL or HSBC IMA shall be deemed to be impaired hereunder solely because such proceeds are held by HSBC TFS for more than the applicable period under Section 9-315(d) of the UCC as in effect in the State of Delaware.

Related to HSBC RAL

  • Barclays Capital is a reference to Barclays Capital, the investment banking division of Barclays Bank PLC;

  • Mizuho means Mizuho Bank, Ltd.

  • HSBC Group means HSBC Holdings plc, its affiliates, subsidiaries, associated entities and any of their branches and offices (together or individually), and “member of the HSBC Group” has the same meaning.

  • Fortis means Fortis Inc.;

  • Goldman Sachs means Goldman, Sachs & Co.

  • ABN AMRO means ABN AMRO Bank N.V.

  • KeyBank means KeyBank National Association.

  • GE Capital Fee Letter means that certain letter, dated as of the Closing Date, between GE Capital and Borrower with respect to certain Fees to be paid from time to time by Borrower to GE Capital.

  • Natixis means Natixis Real Estate Capital LLC and its successors in interest.

  • ABN means Australian Business Number.

  • Deutsche Bank means Deutsche Bank AG and its affiliated companies, as the context requires.

  • Wachovia means Wachovia Bank, National Association.

  • Royal Bank means Royal Bank of Canada.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • GE Capital means General Electric Capital Corporation, a Delaware corporation.

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

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

  • CGMI means Citigroup Global Markets Inc.

  • DNB means the Dutch Central Bank (De Nederlandsche Bank N.V.).

  • MUFG means MUFG Bank, Ltd.

  • BMO means Bank of Montreal.

  • BANK'S LONDON BRANCH means the London branch office of Bank.

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

  • Macquarie means Macquarie Group Limited.

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