Third Party Bank definition
Examples of Third Party Bank in a sentence
Except for those accounts more particularly described within the immediately preceding sentence, each other account that is not an Excluded Account that is maintained by any Credit Party shall be maintained with either the Administrative Agent or with a Permitted Third Party Bank.
Such money may be held in accounts with the Third Party Bank in a state which is not an EEA state and, in such case, the relevant accounts will be subject to the laws of that state and the client money may be treated in a different manner from that which would apply if the client money were held by a person located in the EEA.
In the event of the insolvency or analogous proceedings of the Third Party Bank, the money received by the Custodian from the Third Party Bank may be insufficient to satisfy your claim.
Except as provided for in this Agreement, the Agent accepts no liability for the acts or omissions of the Third Party Bank.
Except as provided for in the Custody Terms, the Custodian accepts no liability for the acts or omissions of the Third Party Bank.