Independent Financial Institution definition

Independent Financial Institution means a bank approved to do business in the State or an insurance company admitted to transact insurance in the State of Nebraska with an Insurance Rating of “A” or other equivalent rating from an insurance rating company approved by the Commission.

Independent Financial Institution means an institution that is not affiliated through common ownership with the licensee and is either:

Independent Financial Institution means a bank approved to do business in the state of Iowa or an insurance company admitted to transact insurance in the state of Iowa with an A.M. Best insurance rating of “A” or other equivalent rating.

Examples of Independent Financial Institution in a sentence

• All costs, charges, liabilities and expenses incurred in connection with the appointment, retention, consultation and remuneration of any Independent Financial Institution appointed under the Conditions shall be borne by the Issuer.

• In the alternative, the Operator may secure the payment of such prizes through other funding mechanisms such as an irrevocable surety bond, irrevocable trust with an Independent Financial Institution, other trust mechanism, or letters of credit, including credit facilities available to the operator.

• Independent Financial Institution (1) Institutional Investor Looking at the average balance for the year ended March 31, 2015, the SCB maintained assets under management of ¥32,915 bil- lion ($273 billion).

• If the Issuer fails to select an Independent Financial Institution when required in this Condition 6.3 and Condition 6.1.6, the Trustee may but shall not be obliged to (at its absolute discretion and at the expense of the Issuer) select such an Independent Financial Institution.

• Neither the Trustee nor the Agents shall be liable in any respect for the accuracy or inaccuracy in any mathematical calculation or formulae under the Terms and Conditions or the Trust Deed, whether by the Issuer, the Independent Financial Institution or any other person so nominated or authorised by the Issuer for such purpose.

More Definitions of Independent Financial Institution

Independent Financial Institution means a financial institution that is not

Independent Financial Institution means an independent or commercial bank of international repute selected by the Issuer (at the expense of the Issuer) and notified to the Trustee in writing.

Independent Financial Institution means any independent third party which is a financial institution capable of providing financial services to the Issuer and which is licensed by the relevant competent authority of its home state. If any provision of these Terms and Conditions obliges the Calculation Agent to request any kind of financial services from an arbitrary number of Independent Financial Institutions, the Calculation Agent will select in good faith such Independent Financial Institutions, which it deems most appropriate to provide the necessary financial services.

Independent Financial Institution means a leading bank or financial institution engaged in the interbank market (or, if appropriate, money, swap or over-the-counter index options market) that is most closely connected with the calculation or determination to be made by the Calculation Agent to act as such in its place.

Independent Financial Institution means a leading independent investment bank of international repute as may be appointed by the Chargor in accordance with the terms of this Deed.

Independent Financial Institution means a nationally-recognized accounting, appraisal or investment banking firm: (1) which does not, and whose directors, officers, and employees or Affiliates do not, have a direct or indirect financial interest in the Company; and (2) which, in the judgment of the Board of Directors of the Company, is otherwise independent and qualified to perform the task for which it is to be engaged.

Independent Financial Institution means an independent investment or commercial bank of international repute selected by the Issuer (at the expense of the Issuer);