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

• On the Designated Date, the Registrar to the Offer shall instruct the SCSBs or the Sponsor Bank, as applicable, to transfer funds represented by allocation of Equity Shares from ASBA Accounts into the Public Offer Account.

• Within six Working Days of the Bid/Offer Closing Date, the Registrar to the Offer may give instructions to SCSBs or in case of Bids by RIIs applying through the UPI mechanism to the Sponsor Bank to revoke the mandate and for unblocking the amount for unsuccessful Bids or for any excess amount blocked on Bidding.

• Tick (✓)CreateModifyCancel Sponsor Bank Code I/We hereby authorize Utility Code To debit (tick ) Date CITI00002000000037 Bank A/c.

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

• Accordingly, We shall have no liability to You or to any third party for any failure or delay by the Sponsor Bank, Our BACS software supplier, BACS, Vocalink or other applicable industry infrastructure, software suppliers or financial institutions unless the failure results from an act or omission of Us.

More Definitions of Sponsor Bank

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, 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 a banker to the Offer, which is appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate, collect requests and/or payment instructions of the RIBs into the UPI Mechanism and carry out any other responsibilities in terms of the UPI Circulars.

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

Sponsor Bank means Xxxxx Fargo Bank, National Association, in its capacity as the lender and sponsor bank under the Sponsor Facility Agreement.