Receiving Banks definition

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

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

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 proceeds of Shares redeemed from Shareholders shall be debited from the Fund’s settlement account maintained with the Receiving Banks.

• Minors are permitted to apply for Offer Shares in accordance with the procedures applied by the Receiving Banks and the laws in force in this regard.

• You will not receive a separate statement from the Receiving Banks.

• Payments for Shares purchased by applicants or existing Shareholders shall be deposited by the Servicing Agents into the Fund’s settlement account maintained with the Receiving Banks.

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

• Any movements of funds within the Program among Receiving Banks are executed by the Custodian Bank pursuant to instructions from Stable.

• 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.

• The Subscription Form will be made available on the websites of the Fund Manager (www.alkhabeer.com), the Lead Manager, the Receiving Banks, or the Saudi Stock Exchange (Tadawul) (www.tadawul.com.sa).

• All pan- elist interactions were via the audio conference call; no web video was used.

• You agree to indemnify, defend and hold Stable, SoFi Bank, and the Receiving Banks harmless from all actions, claims, liabilities, losses, costs, attorneys’ fees, and damages associated with their compliance with any process that such party believes reasonably and in good faith to be valid.

More Definitions of Receiving Banks

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 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;

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

Receiving Banks means HSBC, Bank of China (Hong Kong) Limited and DBS Bank (Hong Kong) Limited, being the banks appointed to hold the application monies received in connection with the Hong Kong Public Offering and the Preferential Offering pursuant to the Receiving Banks’ Agreement;

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;