Interbank Agreement definition
Examples of Interbank Agreement in a sentence
The Corporation and the County agree that any future Bank Agreement will require, as a condition to the effectiveness of such Bank Agreement, that the Provider(s) under such Bank Agreement are party to the Interbank Agreement (by executing a joinder or similar agreement acceptable to the other parties to the Interbank Agreement) in a manner and substance acceptable to the other parties to the Interbank Agreement at such time.
SIGNATURES 27 MPF® CONSOLIDATED INTERBANK AGREEMENT This MPF Consolidated Interbank Agreement is entered into this 22nd day of July, 2016, (the “Effective Date”) by and among each of the Federal Home Loan Banks that execute this Agreement (each an “MPF Bank” and collectively the “MPF Banks”) and the Federal Home Loan Bank of Chicago in its capacity as the “MPF Provider”.
In the event any term or provision in this Agreement shall conflict with any term or provision in any application for standby letter of credit which has been executed by the Guarantor and the Bank, the terms and provisions of this Agreement or, if applicable, the Interbank Agreement shall prevail.
SIGNATURES 29 This MPF Consolidated Interbank Agreement is entered into this 22nd day of July, 2016, (the “Effective Date”) by and among each of the Federal Home Loan Banks that execute this Agreement (each an “MPF Bank” and collectively the “MPF Banks”) and the Federal Home Loan Bank of Chicago in its capacity as the “MPF Provider”.
The Alignment PSPs commit to complying with all provisions set forth in this Interbank Agreement, namely: • they offer the SEDA service to a Creditor if they also act in the role of Creditor PSP for that Creditor and have adhered to the SEDA service; • they propose the SEDA service adherence agreement to Creditors by using “Agreement for adherence to the SEDA service”.
The Guarantor shall reimburse the Agent, for the benefit of the Bank (but subject to the sharing provisions contained in the Credit Agreement and the Interbank Agreement), on demand to the account of the Agent as designated in the signature pages of the Credit Agreement (or such other account as the Agent may designate), in cash, the amount required to pay each drawing under the Credit.
The Alignment PSPs commit to complying with all provisions set forth in this Interbank Agreement, namely: they offer the SEDA service to a Creditor if they also act in the role of Creditor PSP for that Creditor and have adhered to the SEDA service; they propose the SEDA service adherence agreement to Creditors by using “Agreement for adherence to the SEDA service”.
The Bank will issue the Credit for the account of the Guarantor and for the benefit of the Assuming Bank on the date hereof and subject to the terms and conditions set forth in the Interbank Agreement.
Terms used but not otherwise defined herein shall have the meanings provided, whether directly or indirectly by reference, in the Credit Agreement and the Interbank Agreement.
Equal Treatment of MPF Banks 28 This MPF Consolidated Interbank Agreement is entered into this 22nd day of July, 2016, (the “Effective Date”) by and among each of the Federal Home Loan Banks that execute this Agreement (each an “MPF Bank” and collectively the “MPF Banks”) and the Federal Home Loan Bank of Chicago in its capacity as the “MPF Provider”.