Define: Bank
What does "Bank" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (CrowdStrike Holdings, Inc., seen in 1 filing)
Bank means a money-center, solvent and nationally recognized bank (a bank which accepts deposits, maintains accounts, has a local office in the City of Sunnyvale, City of San Jose or City of San Francisco that will negotiate a letter of credit, and whose deposits are insured by the FDIC) reasonably acceptable to Landlord.
Source: CrowdStrike Holdings, Inc. S-1
Definition 2 (Bloom Energy Corp, seen in 1 filing)
Bank means a money-center, solvent and nationally recognized bank (a bank which accepts deposits, maintains accounts, has a local Santa Clara County office which will negotiate a letter of credit, and whose deposits are insured by the FDIC) reasonably acceptable to Landlord.
Source: Bloom Energy Corp 10-K
Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.