Treasury Services definition

Treasury Services shall have the meaning provided in the recitals of this Agreement.

Treasury Services means treasury, depositary or cash management services (including purchasing cards and stored value cards) from, or any automated clearinghouse transfer of funds to, any entity that is a Lender.

Treasury Services has the meaning given such term in the definition of “Bank Products.”

Examples of Treasury Services in a sentence

• Foreign recipients receiving funds to a final destination bank outside the U.S. are required to receive payment through the U.S. Treasury’s International Treasury Services (ITS) System.

• Without limiting the generality of the foregoing, the making of a Loan, the issuance of a Letter of Credit or the provision of services under Treasury Services Agreements or Secured Hedge Agreements shall not be construed as a waiver of any Default, regardless of whether any Secured Party may have had notice or knowledge of such Default at the time.

• Bids for investments will be solicited by the Treasury Services Coordinator, as deemed necessary and approved by the Investment Committee, from the approved list of authorized institutions using a competitive bid process in a format designed by the Investment Officer(s).

• Securities will be held by a third party custodian designated by the Treasury Services Coordinator as evidenced by safekeeping receipts in the City’s name.

• The Treasury Services Coordinator shall be responsible for the day-to-day financial transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials and staff.

More Definitions of Treasury Services

Treasury Services means demand deposit related services, investment services, deposits (on-site and remote), checking account services, lockbox services, controlled disbursement account services, manual payroll account services, account reconciliation services, foreign exchange services, debit card account services, ACH services, zero balance accounts, wire transfer services, and daily on-line reporting; and

Treasury Services has the meaning assigned to such term in the definition of Banking Services.

Treasury Services means the Treasury Services as described in this Booklet and/or as offered by EverBank from time to time. Each service described in the Specific Terms–Treasury Management Services section of this Booklet, or in a separate Service Addendum is a “Treasury Service” and, collectively, they are “Treasury Services.”

Treasury Services means each and any of the following bank services provided to any Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) debit cards, (c) stored value cards and (d) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).

Treasury Services shall have the meaning assigned to such term in the Security Agreement.

Treasury Services means any cash management services, including treasury, depository, overdraft, credit or debit card, purchasing card, electronic funds transfer and other cash management arrangements to any Loan Party.

Treasury Services has the meaning set forth in Section 2.1(a)(iv).