Each CD Will Be an Obligation of the Issuer. Each CD will be a deposit obligation of the Insured Institution that issued the CD and will not be, either directly or indirectly, our obligation or an obligation of Promontory. Your CD will not be issued until the issuing Insured Institution receives and accepts your funds.
Appears in 3 contracts
Sources: Cdars Deposit Placement Agreement & Custodial Agreement, Deposit Placement Agreement, Cdars Deposit Placement Agreement