Ultimate Parent Bank definition

Ultimate Parent Bank means Australia and New Zealand Banking Group Limited;
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Examples of Ultimate Parent Bank in a sentence

  • The consolidated financial statements of ANZ New Zealand comprise the financial statements of the NZ Branch and all the New Zealand businesses of all the subsidiaries of the Ultimate Parent Bank (those entities where it is determined that the Ultimate Parent Bank has capacity to control).

  • The Ultimate Parent Bank Group refers to the Ultimate Parent Bank and its subsidiaries.

  • While RBNZ requires the Ultimate Parent Bank to comply with the minimum capital adequacy requirements as administered by APRA, there are no regulatory capital requirements that apply specifically to the NZ Branch or ANZ New Zealand.MANAGED CAPITALThe Banking Group is subject to its own regulatory capital requirements as administered by RBNZ.

  • The principal office and place of business outside New Zealand, and address for service of the Ultimate Parent Bank, is ANZ Centre, Melbourne, Level 9, 833 Collins Street, Docklands, Victoria 3008, Australia.Subordination of claims of creditorsCertain creditors of the Ultimate Parent Bank are given a statutory priority under Australian law.

  • Further, the Bank did not exercise its option to convert ANZ NZ CN into ordinary shares of the Ultimate Parent Bank on the Optional Exchange Date.

  • The Banking Group’s ICAAP is subject to independent and periodic review.REGULATORY ENVIRONMENTThe Ultimate Parent Bank is a registered bank in New Zealand, and conducts business in New Zealand through the NZ Branch.

  • GENERAL DISCLOSURES (UNAUDITED)Details of registered bank, ultimate parent bank and ultimate holding companyThe registered bank, which is also the ultimate parent bank and ultimate parent holding company, is Australia and New Zealand Banking Group Limited (Ultimate Parent Bank).

  • ANZ Capital Notes 3 (ANZ CN3) rank equally with other additional tier 1 capital instruments issued by the Ultimate Parent Bank.

  • The Bank charges the Ultimate Parent Bank a fee for this service.

  • The Ultimate Parent Bank provides a counter-guarantee or standby letter of credit to the Bank, giving the Bank recourse directly to the Ultimate Parent Bank if the guarantee or standby letter of credit the Bank provides in respect of the customer's obligations is called upon.

Related to Ultimate Parent Bank

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Ultimate Parent Entity means a Constituent Entity of an MNE Group that meets the following criteria:

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • CFC means a “controlled foreign corporation” within the meaning of Section 957 of the Code.

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

  • Parent Borrower as defined in the preamble hereto.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • Parent means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Intermediate Holdco means Sunnova Intermediate Holdings, LLC, a Delaware limited liability company.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Holdings has the meaning specified in the introductory paragraph to this Agreement.

  • Bank Subsidiary means the subsidiary or subsidiaries of the Bank which may from time to time be specified by the Bank to the Customer;

  • Parent Companies means, collectively, (i) Charter, (ii) Charter Holdings, (iii) Charter Communications Holding Company, LLC, a Delaware limited liability company, and (iv) CCH II.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.