SunTrust Bank Deposit definition

SunTrust Bank Deposit has the meaning specified in the Stock Purchase Contract Agreement.
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SunTrust Bank Deposit means a deposit of cash or cash equivalent with SunTrust Bank to be made on the Remarketing Settlement Date and payable on the Stock Purchase Date, with interest accruing at the rate of 5.097% per annum from and including the date of deposit to but excluding the date of payment, calculated on the basis of the actual number of days elapsed and a year of 365 days, established in the name of the Collateral Agent pursuant to an agreement naming the Collateral Agent as customer and providing that the bank’s jurisdiction for purposes of Article 9 of the Uniform Commercial Code is New York.
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Examples of SunTrust Bank Deposit in a sentence

  • Without receiving any further instruction from the Property Trustee, the Collateral Agent shall, in settlement of such Stock Purchase Contracts on the Stock Purchase Date, (i) instruct the Securities Intermediary to remit Proceeds of the Qualifying Treasury Securities to the Company and (ii) instruct SunTrust Bank to pay the Proceeds of the SunTrust Bank Deposit to the Company in an amount equal to the excess of the Purchase Price over the amount of the Proceeds of the Qualifying Treasury Securities.

  • At Cost Note: This fee schedule is based on the assumption that the escrowed funds will be invested in one of the SunTrust Bank Deposit Options.

Related to SunTrust Bank Deposit

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • UBS AG, New York Branch shall have the meaning assigned to such term in the preamble to this Agreement.

  • Bank of America Fee Letter means the letter agreement, dated January 4, 2011, among the Borrower, Bank of America and MLPFS.

  • 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.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Mizuho means Mizuho Bank, Ltd.

  • SunTrust means SunTrust Bank.

  • BANK'S LONDON BRANCH means the London branch office of Bank.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Non-U.S. Bank means a Person that is not a United States Person and that is not described in Section 881(c)(3) of the Code.

  • U.S. Bank means U.S. Bank National Association, a national banking association.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • KeyBank means KeyBank National Association.

  • PNC Bank means PNC Bank, National Association.

  • Xxxxx Fargo Bank means Xxxxx Fargo Bank, National Association.

  • Bank of America means Bank of America, N.A. and its successors.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Bank Office means the designated office for payment of the Bank as indicated on the signature page hereof. The Bank will notify the Issuer in writing of any change in location of the Bank Office.