Bank Closing definition

Bank Closing means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution.
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Bank Closing means the closing on the Bank Loan.
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Bank Closing means the close of business of the Failed Bank on the date on which the Chartering Authority closed suchinstitution.
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Examples of Bank Closing in a sentence

  • Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date.

  • Any amounts paid under Section 8.3 or Section 8.5, shall bear interest for the period from and including the day following Bank Closing to and including the day preceding the payment at the Settlement Interest Rate.

  • The Safe Deposit Boxes shall be located and maintained in the trade area of the Failed Bank for a minimum of one year from Bank Closing.

  • The difference between the Book Value and market value as of Bank Closing.

  • The Assuming Institution shall provide to the Receiver written verification of all assets held by the Failed Bank for safekeeping within sixty (60) days after Bank Closing.

  • The assets held for safekeeping by the Failed Bank shall be held and maintained by the Assuming Institution in the trade area of the Failed Bank for a minimum of one year from Bank Closing.

  • The Assuming Institution assumes and agrees to honor and discharge, from and after Bank Closing, the duties and obligations of the Failed Bank with respect to such securities and items held in safekeeping.

  • The Receiver transfers, conveys and delivers to the Assuming Institution and the Assuming Institution accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing.

  • At any time after Bank Closing, the Receiver may establish on its books an asset pool(s) and may transfer to such asset pool(s) (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which are not acquired by the Assuming Institution, including, without limitation, wholly unfunded Commitments and assets and liabilities which may be acquired, funded or originated by the Receiver subsequent to Bank Closing.

  • The Receiver, as soon as practicable after Bank Closing, in accordance with the best information then available, shall provide to the Assuming Institution a pro forma statement reflecting any adjustments of such liabilities and assets as may be necessary.


More Definitions of Bank Closing

Bank Closing means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution. “Bank Premises” means the banking houses, drive-in banking facilities, and teller facilities (staffed or automated) together with
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Related to Bank Closing

  • Bank Closing Date means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution.

  • Closing has the meaning set forth in Section 2.2.

  • Assuming Institution has the meaning set forth in the introduction to this Agreement.

  • Failed Bank has the meaning set forth in Recital A.

  • Close of Escrow means the date of the close of escrow between the builder and the original homeowner. With respect to claims by an association, as defined in Section 4080, “close of escrow” means the date of substantial completion, as defined in Section 337.15 of the Code of Civil Procedure, or the date the builder relinquishes control over the association’s ability to decide whether to initiate a claim under this title, whichever is later.

  • Closing Date has the meaning set forth in Section 2.2.

  • Final Closing means the last closing under the Private Placement;

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • night means the period between the end of evening civil twilight and the beginning of morning civil twilight or such other period between sunset and sunrise as may be prescribed by the appropriate authority, as defined by the Member State.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Safe Deposit Boxes means the safe deposit boxes of the Failed Bank, if any, including the removable safe deposit boxes and safe deposit stacks in the Failed Bank's vault(s), all rights and benefits under rental agreements with respect to such safe deposit boxes, and all keys and combinations thereto.

  • Pre-Deconsolidation Period means any taxable period beginning on or prior to the applicable Deconsolidation Date.

  • Sale Date means the date that the Bonds are awarded by the District to the winning bidder.

  • Pre-Closing Period means any Tax period ending on or before the Closing Date.

  • Date of Closing shall have the meaning specified in paragraph 2 hereof.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Transfer Time has the meaning set forth in Section 4.3(a).

  • Time of Closing means 10:00 a.m. (Vancouver time) on the Closing Date, or such other time as the parties may mutually determine;

  • Assumed Deposits means Deposits.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • Post-Deconsolidation Period means any taxable period beginning after the date of a Deconsolidation Event.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.