Local Banks definition

Local Banks means any bank or financial institutions offering Local Credits to any of the Group Companies.

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Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Group at the relevant time. The non-capitalized term “local banks” refers to the Local Banks that are members of the Group, as well as the local Crédit Mutuel mutual banks that are members of federations that are not part of the Group.

Local Banks means a non UK bank based in a jurisdiction where the giving of guarantee and bond facilities similar to the Guarantee Facility must be made by a bank located in that jurisdiction, contemplated in clause 15.2.

Examples of Local Banks in a sentence

• In connection with such arrangement the Corporate Trustee and the Lead Paying Agent may keep funds on deposit with such Local Banks to expedite access to funds by Beneficiaries.

• In the event Whitney National Bank is no longer able or willing to provide the services described above, the Corporate Trustee will use commercially reasonable efforts to enter into a similar arrangement with one or more other Local Banks that provide similar geographic distribution in Louisiana, Alabama, Mississippi and Florida.

• The Corporate Trustee and the Lead Paying Agent shall enter into an arrangement with one or more banks with branch networks located in Louisiana, Alabama, Mississippi and Florida (each a “Local Bank”), which initially shall be Whitney National Bank, so that checks drawn in payment of certain GCCF Claims under this Agreement are eligible to be cashed or deposited in branches of such Local Banks in such manner as to expedite Beneficiary access to such funds.

• On the Closing Date, the Servicer shall deposit in the Collection Account (i) all Scheduled Payments and prepayments of Receivables received by the Local Banks after the Cut-Off Date and prior to the Closing Date and (ii) all Liquidation Proceeds and proceeds of Insurance Policies realized in respect of a Financed Vehicle and applied by the Servicer after the Cut-Off Date and any Compensating Interest.

• The Local Banks shall deposit all such payments on the Receivables and any Compensating Interest into the [____________] Collection Accounts no later than the Business Day after receipt of such payments and the [____________] Banks shall deposit all such payments into the Collection Account no later than the Business Day after receipt of such payments.

More Definitions of Local Banks

Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Crédit Mutuel Alliance Fédérale at the relevant time. The non- capitalized term “local banks” refers to the Local Banks that are members of the Crédit Mutuel Alliance Fédérale, together with the local Crédit Mutuel mutual banks that are members of federations that are not part of the Crédit Mutuel Alliance Fédérale.

Local Banks means the local Crédit Mutuel mutual banks (caisses locales de Crédit Mutuel) that are members of the Crédit Mutuel-CM11 Group at the relevant time. The non-capitalized term “local banks” refers to the Local Banks that are members of the Crédit Mutuel-CM11 Group, together with the local Crédit Mutuel mutual banks that are members of federations that are not part of the Crédit Mutuel-CM11 Group.

Local Banks. Depository institutions named by the Servicer and, so long as an Insurer Default shall not have occurred and be continuing, acceptable to the Certificate Insurer, or, if an Insurer Default shall have occurred and be continuing, a Certificate Majority.

Local Banks means the banks at which Borrower maintains deposit-only ----------- accounts for each of its Properties.

Local Banks means Banco Orinoco, acting from its office in Bonaire., The Netherlands Antilles and Banco Orinoco, acting from its office in El Callao, Venezuela or any similar banks nominated by the Venezuelan Companies which banks are reasonably satisfactory to the Administrative Agent.

Local Banks the banks with which the Local Accounts shall be held;

Local Banks means any bank licensed in Sabah under the provisions of the Banking Act, 1973 [Act 102.];