Qualified Financial Institutions definition

Qualified Financial Institutions means a bank, trust company, national banking association insurance company or other financial services company or entity, whose unsecured loan term debt obligations (in the case of a bank, trust company, national banking association or other financial services company or entity) or whose claims paying abilities (in the case of an insurance company) are rated in any of the two highest rating categories by Fitch IBCA, Inc., Mood’s Investors Service, Inc. or Standard & Poor’s Ratings Group.

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Qualified Financial Institutions means banks, insurance companies, investment companies, mutual funds, investment banks, and other recognized financial institutions.

Qualified Financial Institutions. (as defined in the Certificate) to which such Common Stock has been pledged shall be permitted to own such Common Stock upon foreclosure of such Common Stock in accordance with the terms of any agreement evidencing such pledge, subject to such ownership and transfer restrictions set forth in the Certificate.

Examples of Qualified Financial Institutions in a sentence

All funds received by the Trustees hereunder as a part of the Trust Fund shall be deposited in accounts at one or more Qualified Financial Institutions designated by the Trustees for that purpose.
Without limiting the generality of the foregoing, Lender at its sole cost and expense shall have the unrestricted right at any time and from time to time, and without the consent of or notice to Borrower or the Guarantor, to grant to one or more banks or other Qualified Financial Institutions (each, a "Participant") participating interests in the Loan and/or L▇▇▇▇▇'s obligation to lend hereunder.
Except for pledges of Debentures to "Qualified Financial Institutions" (as defined below) as collateral for loans in connection with the ownership of Debentures, Debentureholder shall not give, sell, assign, pledge, encumber, hypothecate, transfer or otherwise dispose of any Debentures, without first offering in writing to sell the Debentures to the Corporation.
If there are insufficient Excess Underlying Shares to satisfy all exercised Oversubscription Privileges, Excess Underlying Shares will be allocated among Rights Holders, including Qualified Financial Institutions (as defined below) that hold Rights for beneficial owners, who exercise the Oversubscription Privilege.

More Definitions of Qualified Financial Institutions

Qualified Financial Institutions means (a) banks, bank holding companies, savings banks, savings and loans and credit unions with assets of less than $10 Billion according to the most current McFadden Financial Directory, and (b) service bureaus or similar outs▇▇▇▇▇▇▇ partners processing checks or images for any financial institutions described in clause (a). Except as modified by the provisions below, the terms and conditions of this reseller relationship shall be substantially the same as the terms and conditions of the Marketing Agreement, with the parties substituted appropriately, and such unmodified terms and conditions of the Marketing Agreement, with the parties substituted appropriately, and such unmodified terms and conditions are hereby incorporated into this Agreement by this reference for these limited purposes.

Qualified Financial Institutions means a bank organized under state or federal law with capital and surplus in excess of $500,000,000 and which is not a Participant or an Affiliate of a Participant.

Qualified Financial Institutions. (as defined below) as collateral for loans in connection with the ownership of Debentures, Debentureholder shall not give, sell, assign, pledge, encumber, hypothecate, transfer or otherwise dispose of any Debentures, without first offering in writing to sell the Debentures to the Corporation. The offer to sell the Debentures to the Corporation by the Debentureholder shall be accepted by the Corporation and a notice of acceptance shall be given to the Debentureholder within 30 days following receipt of the offer from Debentureholder. "Qualified Financial Institution" shall mean any bank, banking association, trust company, savings bank, credit union, savings and loan association or other financial institution which is engaged in the business of banking or making commercial or consumer loans, or any subsidiary or affiliate of any such entity.

Qualified Financial Institutions means Debt Financing Sources reasonably acceptable to Buyer (it being agreed that regulated banks chartered in the United States regularly participating in the U.S. syndicated loan market (including through their financing affiliate) as left lead arranger for financings similar to the Debt Financing shall be deemed so acceptable to Buyer).

Qualified Financial Institutions means a commercial bank having capital and surplus in excess of US$500,000,000 (or the Equivalent Amount) in Canada or the United States and having a long term credit rating of at least A+ by S&P (or any equivalent rating service acceptable to the Majority Lenders).