Returning bank definition

Returning bank means a bank (other than the paying or depositary bank) handling a returned check or no- tice in lieu of return. A returning bank is also a collecting bank for purposes of UCC 4–202(b).
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Returning bank means a bank (other than the payor bank or depositary bank) handling a returned check or a notice in lieu of return.
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Returning bank means a bank handling a returned check or notice in lieu of return, except the paying bank or the depositary bank.
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Examples of Returning bank in a sentence

  • Returning bank is defined to mean any bank (excluding the paying bank and the de- positary bank) handling a returned check.

  • For purposes of this definition, ‘‘account’’ means an account as defined in paragraph (a) of this section as well as a credit or other arrangement that allows a person to draw checks that are payable by, through, or at a bank.(oo) Returning bank means a bank (other than the paying or depositary bank) handling a returned check or notice in lieu of return.

  • The DEIR also states that if any maternity bat roosts are found within the Project footprint and a 100-foot buffer they will be avoided until not in use anymore and then impacted.

  • Returning bank payments Relates to the return to the sending bank oftax, utility or other payments received by the City in error - one appointed or two appointed if bank so requires.

  • For purposes of this definition, ‘‘account’’ means an account as defined in paragraph (a) of this section as well as a credit or other arrangement that allows a person to draw checks that are payable by, through, or at a bank.(oo) Returning bank means a bank(other than the paying or depositary bank) handling a returned check or notice in lieu of return.

  • On his trip to the Minaret opening, Senator Mitchell met President Aliyev and received his assurance that SOCAR would be privatized in due course.

  • Returning bank is defined to mean any bank (excluding the paying bank and the depositary bank) handling a returned check.

Related to Returning bank

  • Receiving Bank means the financial institution where a Receiving Party maintains its account.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Presenting bank means a bank presenting an item except a payor bank.

  • Receiving Institution The college or university where a transfer student plans to enroll and to apply previously earned credit toward a degree program.

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Authorised Participant means the Initial Authorised Participant, the Second Authorised Participant and any Additional Authorised Participant.

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • authorised bank means a bank or a branch of a bank authorised by the Central Government to collect the tax or any other amount payable under this Act;

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Sending institution means the institution of higher education of most recent previous enrollment by a transfer student at which transferable academic credit was earned.

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

  • New Bank as defined in subsection 2.20(b).

  • Initial Authorised Participant means BNP Paribas Arbitrage S.N.C. and any successor thereto.

  • New Lender as defined in Section 2.1(c).

  • Additional Authorised Participant means any Eligible Authorised Participant (other than the Initial Authorised Participant or the Second Authorised Participant) that has entered into an Authorised Participant Agreement with the Issuer and has acceded to the LS Operating Procedures Agreement.

  • Participating Banks means the list of Banks as set out in Table 2 below.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

  • Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).

  • Payment Agent shall have the meaning set forth in Section 2.8(a).