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Common use of Bank Clause in Contracts

Bank. The Purchaser (a) is a national bank or banking institution organized under the laws of any state, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

Appears in 30 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2017-2), Trust Agreement (BMW Vehicle Lease Trust 2017-2), Trust Agreement (BMW Vehicle Lease Trust 2017-1)

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Bank. The Purchaser (a) is a national bank or banking institution organized under the laws of any state, state or territory of the United States or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 25,000,000.00 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

Appears in 16 contracts

Samples: Indenture (Credit Acceptance Corp), Indenture (Credit Acceptance Corp), Indenture (Credit Acceptance Corp)

Bank. The Purchaser (a) is a national bank or banking institution organized under the laws of any stateState, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

Appears in 6 contracts

Samples: Indenture (Textainer Group Holdings LTD), Indenture (CAI International, Inc.), Indenture (First Sierra Receivables Iii Inc)

Bank. The Purchaser (a) is a national bank or banking institution organized under the laws of any state, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.. ___

Appears in 3 contracts

Samples: Trust Agreement (BMW Auto Leasing LLC), Trust Agreement (BMW Vehicle Lease Trust 2009-1), Trust Agreement (BMW Vehicle Lease Trust 2007-1)

Bank. The Purchaser (a) is a national bank or banking ---- institution organized under the laws of any stateState, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp)

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Bank. The Purchaser (a) is a national bank or banking ---- institution organized under the laws of any stateState, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is are attached hereto.

Appears in 1 contract

Samples: Trust Indenture (PMC Capital Inc)

Bank. The Purchaser (a) is a national bank or banking institution organized under the laws of any stateState, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the state State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.. ____________________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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