Qualifying Bank definition

Qualifying Bank means any legal entity which is recognized as a bank by the banking laws in force in its country of organization and which has as its principal purpose the active conduct of banking business and conducts such banking business through its own personnel (which have decision making authority) and on its own premises.

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Qualifying Bank means an institution holding a full banking licence under the Banking Ordinance (Cap. 155);

Qualifying Bank means a bank or institution which is:

Examples of Qualifying Bank in a sentence

• If, following an assignment, or transfer or a participation of a Bank’s rights or obligations hereunder, an Irish Qualifying Bank, within paragraph (b), (c) or (d) of that definition, becomes a party hereunder or becomes a Participant after the day on which this Agreement is entered into, such Bank or Participant shall deliver to an Irish Borrower an Irish Tax Confirmation on or prior to becoming a party hereunder.

• Any Bank to which interest may be paid free of withholding tax due to such Bank falling within paragraph (b), (c) or (d) of the definition of Irish Qualifying Bank shall provide to an Irish Borrower such information as is necessary to enable the Irish Borrower to comply with its reporting obligations under Sections 891A, 891E, 891F and 891G of the TCA and any regulations made pursuant to those sections.

• An Irish Qualifying Bank which becomes a party hereunder on the Effective Date shall deliver an Irish Tax Confirmation to Allegion plc by entering into this Agreement.

• An Irish Qualifying Bank, within paragraph (b), (c) or (d) of that definition, shall promptly notify the Administrative Agent and an Irish Borrower if there is any change in the position from that set out in any Irish Tax Confirmation.

More Definitions of Qualifying Bank

Qualifying Bank means: (a) any bank as defined in the Swiss Federal Code for Banks and Savings Banks dated 8 November 1934 (Bundesgesetz über die Banken und Sparkassen); or (b) a person or entity which effectively conducts banking activities with its own infrastructure and staff as its principal purpose and which has a banking license in full force and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch, all and in each case within the meaning of the Guidelines.

Qualifying Bank means a person or entity which (a) effectively conducts banking activities with its own infrastructure and staff as its principal business purpose and which has a banking licence in full force and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch and (b) is organised under the laws of a country which is a member of the Organisation for Economic Co-operation and Development (OECD).

Qualifying Bank means an internationally recognised bank:

Qualifying Bank means a bank for the purposes of Section 349 of the Income and Corporation Taxes Act 1988 which is within the charge to UK corporation tax as regards any interest payable to it under or in connection with this letter and/or any other BoS Document at the time when such interest is paid.

Qualifying Bank means an institution holding a full banking licence under the Banking Ordinance which long term issuer rating is, or is higher than:

Qualifying Bank means an institution which is a bank as defined for the purposes of Section 349 of the Income and Corporation Taxes Act 1988 and such bank is within the charge to United Kingdom corporation tax as respects to interest which is (or which, if it were a Bank, would be) payable to it hereunder.

Qualifying Bank means a person or entity which effectively conducts banking activities with its own infrastructure and staff as its principal business purpose and which has a banking licence in full force and effect issued in accordance with the banking laws in force in its jurisdiction of incorporation, or if acting through a branch, issued in accordance with the banking laws in the jurisdiction of such branch.