National City Bank Deposit definition

National City Bank Deposit has the meaning specified in the Stock Purchase Contract Agreement.
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National City Bank Deposit means an interest-bearing deposit of cash or cash equivalent with National City Bank that (i) shall be made on the Remarketing Settlement Date, (ii) shall be payable on the Stock Purchase Date, (iii) shall bear interest at a market rate of interest established immediately prior to the first day of the applicable Remarketing Period and (iv) shall be established in the name of the Collateral Agent pursuant to an agreement naming the Collateral Agent as customer and providing that the bank’s jurisdiction for purposes of Article 9 of the Uniform Commercial Code is New York.
Sample 1

Related to National City Bank Deposit

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • National City National City Mortgage Co., or any successor thereto.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Non-U.S. Bank as defined in subsection 2.15(c)(ii).

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • PNC Bank means PNC Bank, National Association.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.

  • U.S. Bank means U.S. Bank National Association.

  • SunTrust means SunTrust Bank.