Prime Bank definition
Examples of Prime Bank in a sentence
Each order submitted by the Distributor shall be accompanied by a Irrevocable Confirmed Letter Of Credit issued by a Prime Bank to the First Tennessee Bank, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇.
If an Interest Rate Basis for this Note is the Prime Rate, as indicated above, the Prime Rate shall be determined on the applicable Interest Determination Date (a U.S. "Prime Rate Interest Determination Date") as the rate on that day published in H.15(519) under the heading "Prime Bank Loan".
For the avoidance of doubt, the foregoing is not intended to restrict or prohibit the Parties from disclosing the Confidential Information of a Disclosing Party with and among the Parties or to restrict or prohibit the Parties from disclosing the Confidential Information of the Disclosing Party with respect to coordination of the Program with the program of the Prime Bank.
Prior to each Drawing of the Term Loan, the Company shall procure the requisite Guarantee from a Prime Bank with a credit rating which satisfies the Board's requirements and in the event that during the currency of this Agreement the credit rating of the Prime Bank falls below the Board's requirements, the Company shall immediately take steps to replace the Guarantee with one from an approved Prime Bank with the requisite rating.
Such compensation shall be calculated by attributing interest to such delays based on an interest rate calculated by equal weightings of the Prime Bank Lending Rate and the 10 year United States Treasury ▇▇▇▇ as quoted daily in The Wall Street Journal as of the third anniversary date of this Agreement (the “Interest Rate”).
FDS Bank shall fund all Cardholder Indebtedness under the Employee Accounts until such time as such Cardholder Indebtedness is transferred to Prime, Bank (or its designee) pursuant to this Schedule 2.1(b).
ORGANIZATION For purposes of satisfying the Service requirements for eligibility, Hours of Service shall include Service with the following predecessor organization(s): (These hours will also be used for vesting purposes.) First Central Bank American International Bank Prime Bank 14.
The Seller will issue a 2% Performance Bond from a Prime Bank by ▇▇▇▇▇ to Buyer’s Bank within 2 (Two) days and shall be raised by Seller’s Prime Bank same bank receiving the SBLC/BG OR DLC CONFERMABLE LETTER OF CREDIT.
Upon exchange of the SBLC WITH 2% PB, ▇▇▇▇▇▇’s Bank issues a letter signed by two (2) Bank Officers compliant with International Banking Protocol from the Seller’s Prime Bank to the Buyer’s Bank to confirm the existence of the gold offered for sale.
You will not settle any action or claims on Prime Bank Limited’s behalf without the prior written consent of Prime Bank Limited.