Sponsor Bank definition

Sponsor Bank means any BACS participant authorised to sponsor organisations as Service Users to submit data to BACS for processing.

Sponsor Bank means a federal or state chartered bank which is a member of the Visa and/or MasterCard card associations (or another Approved Bank Card System) and which processes credit and debit card transactions and provides related services on behalf of the Credit Parties.

Sponsor Bank herein means the bank as designated by PayU from time to time, which shall be responsible for processing and settlement of Off-Us Bill.

Examples of Sponsor Bank in a sentence

• The Sponsor Bank shall be responsible for the reconciliation of UPI Bids.

• The final payment of commission to the RTAs and CDPs Sponsor Bank shall be determined on the basis of (i) applications which have been considered eligible for the purpose of Allotment and (ii) the terminal from which the Bid has been uploaded (to determine the particular CRTA or CDP Sponsor Bank to whom the commission is payable).

• The Sponsor Bank shall be responsible for making payments to the third parties such as remitter bank, NPCI and such other parties as required in connection with the performance of its duties under the SEBI circulars, the Syndicate Agreement and other applicable laws.

• Appropriate details in this regard have been included in the Escrow and Sponsor Bank Agreement dated October 29, 2024 in relation to the Offer.

More Definitions of Sponsor Bank

Sponsor Bank means, in respect of any conduit lender, the sponsor bank for such conduit lender.

Sponsor Bank means the bank designatedby Paysafe, which is a Federal Reserve depository with agreements between itself, Paysafe and the Federal Reserve to electronically transfer funds between memberbanks of the Federal Reservebanking system. II.

Sponsor Bank has the meaning ascribed to such term in the Offer Documents.

Sponsor Bank means the Bankers to the Issue registered with SEBI, which have been appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the UPI Mandate Request and/or payment instructions of the UPI Bidders using the UPI and carry out other responsibilities, in terms of the UPI Circulars, in this case being HDFC Limited and ICICI Bank Limited;

Sponsor Bank means the Bankers to the Offer registered with SEBI which are appointed by the Company to act as conduit between the Stock Exchanges and the National Payments Corporation of India in order to push the UPI Mandate Requests and/or payment instructions of the UPI Bidders and carry out any other responsibilities in terms of the UPI Circulars, in this case being ICICI Bank and HDFC Bank;

Sponsor Bank means the Bankers to the Offer, which are appointed by the Company to act as conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and/or payment instructions of the UPI Bidders into the UPI Mechanism and carry out any other responsibilities in terms of the UPI Circulars, in this case being Axis Bank Limited;

Sponsor Bank shall have the meaning ascribed to such term in the recitals of this Agreement;