Failed Bank definition

Failed Bank has the meaning set forth in Recital A.

Failed Bank has the meaning set forth in the Purchase and Assumption Agreement.

Failed Bank has the meaning given in the first recital.

Examples of Failed Bank in a sentence

• The Assuming Institution, to the full extent permitted by law, succeeds to, and is entitled to take and execute, the appointment to all executorships, trusteeships, guardianships, and other fiduciary or representative capacities to which the Failed Bank is or may be named in xxxxx, whenever probated, or to which the Failed Bank is or may be named or appointed by any other instrument.

• The Assuming Institution will comply with any law or regulation or any order, writ, or decree of any court or governmental authority applicable to Failed Bank Records.

• So long as the Assuming Institution (or its successors) continues to provide full service banking in the Failed Bank Assessment Area for the period required to comply with this Section 4.1(a), the Assuming Institution may close or sell any Bank Premises during this period with the prior written consent of the Receiver (which consent may be withheld in Receiver’s sole discretion) and after receipt of all necessary regulatory approvals and satisfaction of applicable regulatory or statutory requirements.

• The Assuming Institution may relocate the safe deposit boxes of the Failed Bank to any office of the Assuming Institution located in the Failed Bank Assessment Area in which those safe deposit boxes were located.

• At the option of the Assuming Institution, it may provide that full service banking at one or more Bank Premises or Assuming Institution branches located within the Failed Bank Assessment Area.

More Definitions of Failed Bank

Failed Bank and “Failed Banks” have the meanings given in the recitals. “FDIC” has the meaning given in the preamble.

Failed Bank shall have the meaning set forth in the preamble.

Failed Bank and “Failed Banks” have the meanings given in the Contribution Agreement.

Failed Bank has the meaning set forth in Section 6.17.

Failed Bank means each of these banks, individually and not jointly: Security Bank of Xxxx County; Security Bank of Gwinnett County; Security Bank of Houston County; Security Bank of Xxxxx County; Security Bank of North Xxxxxx; and, Security Bank of North Metro. This Purchase and Assumption Agreement is to be read and construed as one document representing six separate transactions arising from the failure of each of the above-referenced banks, resulting in a separate resulting receivership entity for each failed bank.

Failed Bank means First National Bank of Nevada.

Failed Bank has the meaning set forth in the Purchase and Assumption Agreement. “Failed Bank Charge-Offs” means, with respect to any Asset, an amount equal to the aggregate reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Asset as reflected on the Accounting Records of the Failed Bank.