Deposit Taker definition

Deposit Taker means the licensed deposit taker detailed in the relevant Addendum.
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Deposit Taker shall have the meaning assigned to it in the Pledge Agreement.
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Deposit Taker for BNPLC shall mean BNPLC's Parent and for each Participant shall mean the Participant itself; provided, that each of BNPLC and the Participants, for itself only, may from time to time designate another Deposit Taker as provided in Sections 4.4 and 4.5 below.
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Examples of Deposit Taker in a sentence

  • Deposit Taker undertakes to perform only such duties as are expressly set forth herein.

  • Any Deposit Taker for BNPLC or a Participant shall not be permitted by BNPLC or the applicable Participant, as the case may be, to violate such agreements.

  • Notwithstanding the foregoing, if any Certificate of Deposit held by Agent shall be destroyed, lost or stolen, the Deposit Taker that issued the Certificate, upon the written request of Agent, shall issue a new Certificate of Deposit to Agent in lieu of and in substitution for the Certificate of Deposit so destroyed, lost or stolen.

  • Upon surrender of a Certificate of Deposit in connection with a withdrawal of less than all of the Cash Collateral in the Account evidenced thereby, the applicable Deposit Taker will concurrently issue a new Certificate of Deposit to Agent, evidencing the balance of the Cash Collateral remaining on deposit in the Account after the withdrawal.

  • Each Deposit Taker shall be permitted to structure the Deposit Account maintained by it as a nonpersonal time deposit under 12 C.F.R., Part II, Chapter 204 (commonly known as “Regulation D”).


More Definitions of Deposit Taker

Deposit Taker. : means Santander UK plc
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Deposit Taker means a person who, in the course of a business, may lawfully accept deposits in the United Kingdom;”;
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Deposit Taker means Nationwide Building Society or its successors or assignees. Nationwide Building Society is incorporated in England and Wales.
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Deposit Taker means Investec Bank plc (Irish Branch) in its capacity as deposit taker.
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Deposit Taker means the licensed deposit taker detailed in the relevant Key Terms.
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Deposit Taker shall have the meaning set forth under the respective Pledge Agreement.
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Deposit Taker means, for BTMUCLF or any Participant, an Eligible Deposit Taker designated by it to act as the Deposit Taker for it under this Agreement. BTMUCLF has already designated BTMU as the Deposit Taker for BTMUCLF hereunder. Any Participant which is an Eligible Deposit Taker will be deemed to have designated itself to act as the Deposit Taker for it, unless some other designation is expressly set forth in this Agreement. Any Participant which is not an Eligible Deposit Taker will be expected to designate BTMU or, to the extent BTMU is not an Eligible Deposit Taker, another Person which is an Eligible Deposit Taker (as reasonably approved by LRC) prior to any delivery of Cash Collateral by LRC pursuant to this Agreement. It is also understood, however, that each of BTMUCLF and any Participants, for itself only, may from time to time designate another Eligible Deposit Taker (as reasonably approved by LRC) as provided in subparagraphs 3(C) and 3(D) below.
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