Receiving Banks definition

Receiving Banks means the Participating FIs that you have Designated Accounts with.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Receiving Banks means the Participating FIs that you have Designated Accounts with. “Terms and Conditions” means all the terms and conditions set out herein.

Receiving Banks means the Participating FIs that you have Designated Accounts with. “Revolving Credit Facility” has the meaning given to it in clause 2.2.

Examples of Receiving Banks in a sentence

• The Receiving Banks may be required by law to turn over (escheat) your Program Deposits to a state, typically your state of residence, based on account inactivity for a certain time period established by applicable state law.

• Your funds are then allocated each Business Day by Stable to Receiving Banks identified by SoFi Bank based on an allocation algorithm determined by Stable.

• SoFi Bank, the Receiving Banks and Stable are unaware of your funds outside of the Program.

• Receiving Banks may decide to discontinue their participation in the Program, or may be removed by Stable for no longer satisfying Program requirements.

• Customers may contact SoFi Bank for information relating to current interest rates, the identification of Receiving Banks, account balances as of the most recent Business Day, and other account information.

More Definitions of Receiving Banks

Receiving Banks means Industrial and Commercial Bank of China (Asia) Limited and CMB Wing Lung Bank Limited;

Receiving Banks means Lotus Bank Limited, Jaiz Bank Limited, Taj Bank Plc, Sterling Bank Plc (Sterling Alternative Finance, the non-interest business of Sterling Bank), or any other non-interest bank appointed by the Originator under the Series;

Receiving Banks means commercial banks licensed as such by the CBN and appointed as receiving agents on each Series or Tranche under the Programme;

Receiving Banks means CMB Wing Lung Bank Limited and China CITIC Bank International Limited;

Receiving Banks means Bank of China (Hong Kong) Limited;

Receiving Banks means Bank of China (Hong Kong) Limited whose registered office is situated at ▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ and Industrial and Commercial Bank of China (Asia) Limited whose registered office is situated at ▇▇/▇., ▇▇▇▇ ▇▇▇▇▇, ▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇;

Receiving Banks means Bank of China (Hong Kong) Limited and Wing Lung Bank, being the receiving banks appointed by the Company in connection with the Hong Kong Public Offering pursuant to the Receiving Banks Agreement;