Recognized Financial Institution definition

Recognized Financial Institution. (RFI), means, a Canadian financial institution as defined in the Bank Act; the Business Development Bank of Canada; any of the following provincial loan boards: Fisheries Loan Guarantee Program (N&L); Direct Loans for Commercial Fishing Program (New Brunswick); Fisheries and Aquaculture Loan Board (Nova Scotia); P.E.I. Lending Agency (Prince Edward Island); Commercial
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Recognized Financial Institution means an institution that is organized or licensed under the laws of the United States or any state and is insured by the federal deposit insurance corporation;
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Recognized Financial Institution. (RFI), means, a Canadian financial institution as defined in the Bank Act; the Business Development Bank of Canada; any of the following provincial loan boards: Fisheries Loan Guarantee Program (N&L); Direct Loans for Commercial Fishing Program (New Brunswick); Fisheries and Aquaculture Loan Board (Nova Scotia); P.E.I. Lending Agency (Prince Edward Island); Commercial Fishery Financing Program (Québec); Programme d’allégement temporaire du remboursement des prêts aux enterprises de la pêche (Québec).
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Examples of Recognized Financial Institution in a sentence

  • In the event that the guarantee is issued by a Recognized Financial Institution not domiciled in Colombia, only the stand-by letter of credit will be admissible.


More Definitions of Recognized Financial Institution

Recognized Financial Institution means any of the following: (i) any insurance company, (ii) any savings and loan bank, institution or association, (iii) any thrift institution or association, (iv) any mutual savings or loan bank, institution or association, (v) any commercial bank, (vi) any investment bank, and/or (vii) any leasing company or any other financial services company or institution. Records shall mean any and all logs, manuals, certificates and date and inspection, modification, maintenance, engineering, technical and overhaul records (including all computerized data, records and materials of any kind whatsoever) with respect to the Aircraft, including, without limitation, all records required to be maintained by the FAA or any other governmental agency or authority having jurisdiction with respect to the Aircraft or any Manufacturer or Supplier of the Aircraft (or any part thereof) with respect to the enforcement of warranties or otherwise, which Records shall be at all times the property of the Lessor after the Acceptance Date. Rent shall have the meaning set forth in Section 3 of the Lease.
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Recognized Financial Institution a) a financial institution domiciled in Colombia, which has a long-term debt credit risk rating of "investment grade", as determined by a risk rating agency supervised by the Financial Superintendence of Colombia; or b) a foreign financial institution included in the list of foreign financial entities in Appendix No. 1 of Regulation Letter DCIN-83 of 2003 of the Colombian Bank of the Republic or included in the regulations that amend, add to or substitute it and that accredits a long-term debt rating of at least "investment grade" issued by an internationally recognized risk rating agency in accordance with what is established in the Applicable Regulations.
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Related to Recognized Financial Institution

  • Reporting Financial Institution means any Member State Financial Institution or San Marino Financial Institution, as the context requires, that is not a Non-Reporting Financial Institution.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Licensed financial institution means a financial institution issued a license under this act.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Qualified United States financial institution means an institution that:

  • Recognized Amount means, for purposes of this section only, an amount determined pursuant a state law that provides a method for determining the total amount payable for the item or service (if applicable); or, if there is no state law that provides a method for determining the total amount payable for the item or service, the lesser of the Qualifying Payment Amount or billed charges.

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • National bank means a national banking association