Transferor Bank definition

Transferor Bank has the meaning ascribed thereto in clause 15.3;

Transferor Bank means [full name] of [lending office]; and

Transferor Bank means the selling Bank pursuant to an Assignment and Assumption Agreement.

Examples of Transferor Bank in a sentence

• Promptly upon its signature of any Transfer Certificate, the Agent shall notify the Borrowers, the Transferor Bank and the Transferee Bank.

• No such transfer is binding on, or effective in relation to, the Borrowers or the Agent unless (i) it is effected or evidenced by a Transfer Certificate which complies with the provisions of this clause 15.3 and is signed by or on behalf of the Transferor Bank, the Transferee Bank and the Agent (on behalf of itself, the Borrowers and the other Creditors) and (ii) such transfer of rights under the other Security Documents has been effected and registered.

• Any Bank (the “Transferor Bank”) may at any time cause all or any part of its rights, benefits and/or obligations under this Agreement and the Security Documents to be transferred to any other bank or financial institution (a “Transferee Bank”) by delivering to the Agent a Transfer Certificate duly completed and duly executed by the Transferor Bank and the Transferee Bank.

• The majority of the mortgage deeds relating to the Mortgage Receivables to be assigned to the CBC provide that the Mortgages created pursuant to such mortgage deeds, not only secure the loan granted to the Borrower for the purpose of acquiring the Mortgaged Assets, but also other liabilities and moneys that the Borrower, now or in the future, may owe to the relevant Transferor ("Bank Mortgages").

• That transfer shall be effected by the delivery by the Transferor Bank to the Agent of a Transfer Certificate executed by the Transferor Bank and the Transferee Bank.

More Definitions of Transferor Bank

Transferor Bank or “Transferor Lender” means the bank or financial institution with whom the Borrower is enjoying credit facility or to whom the Borrower is indebted under any credit facility, as on the date of submission of Application Form to USFB, and from whom USFB propose to take over.

Transferor Bank means ‘The Lakshmi Vilas Bank Ltd., a banking company having its Registered Office at Karur, Tamil Nadu’;

Transferor Bank has the meaning given to that term in Clause 27.3.

Transferor Bank means Syndicate Bank;

Transferor Bank means Allahabad Bank;

Transferor Bank means the Punjab and Maharashtra Co-operative Bank Limited‘, a Multi-State Scheduled Cooperative Bank having its Registered Office at Mumbai, Maharashtra;

Transferor Bank and “Transferee Bank” are defined in the Appendix to this Agreement.