Major Bank definition

Major Bank means the Federal Reserve Bank of Atlanta, Georgia.
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Major Bank means (a) any Federal Reserve Bank or branch thereof, (b) Regions Bank [i.e., the bank named in clause (a) of the definition of the term "Paying Agent" hereinbelow], and (c) any bank or trust company organized under the laws of the United States of America or any state thereof and having combined capital and surplus of not less than $100,000,000.
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Examples of Major Bank in a sentence

  • Major Bank- Any pay period accruals in excess of 3.70 per pay period.

  • For purposes of this Section 7.05, a Major Bank Competitor shall be deemed to be the top 20 bank holding companies, or any affiliate thereof, in the United States in terms of asset size, as determined by the Federal Reserve Board on the most recent date prior to the date hereof.

  • Notice of redemption will be mailed not later than 90 days after the date of the initial extension of credit under the Major Bank Financing.

  • The LC is to be issued by a German Major Bank or the German branch of a US Bank, at the option of Tenant, for [*] ([*]) months' Rent plus Service __________ *CONFIDENTIAL TREATMENT REQUESTED.

  • Based on the ANZ Group’s March 31, 2017 balance sheet, the ANZ Group estimates that the financial impact of the Major Bank Levy on the ANZ Group will be approximately A$345 million before tax, and approximately A$240 million after tax, per annum.

  • So far, the Group has been placing a very significant amount of its deposits with one single bank (the “Existing Major Bank”) (based on records available to the Company, in 2016, the Group had been placing deposits with the Existing Major Bank with a total daily balance of up to around RMB4 billion and the level of such deposits has further increased in 2017).

  • IRREVOCABLE STANDBY LETTER OF CREDIT Date of Issue: , 20 Beneficiary: [Address] Applicant: [Concessionaire Party] [Address] Amount: US$ We, [Major Bank recognized in [country name]], hereby issue this irrevocable Standby Letter of Credit, with reference number (the “Standby Letter of Credit”), in favour of the Minister (the “Beneficiary”), at the request and for the account of [Qualified Bidder] (the “Applicant”), in the maximum aggregate amount of US$ .

  • We undertake to the Beneficiary to honor the Beneficiary’s demand for payment of an amount available under this Standby Letter of Credit, upon presentation of a demand for payment in the form of the annexed Demand for Payment attached hereto as Exhibit A, together with the original of this Standby Letter of Credit, at the following place for presentation: [Major Bank recognized in [country name]], [bank address], on or before the expiration date.

  • As a member of the ANZ Group, changes to the performance of the ANZ Group or changes to the estimated impact of the Major Bank Levy may have an impact on us.

  • Major Bank functions reporting to the position of Chief Operating Officer are branch operations, human resources, business development resources, and other functions as designated.

Related to Major Bank

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Payor bank means a bank that is the drawee of a draft.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.