Commercial Bank Sample Clauses

Commercial Bank is an Ohio commercial bank and a Federal Reserve member bank, and is regulated by the Ohio Division of Financial Institutions (the "ODFI"), the Board of Governors of the Federal Reserve System (the "FEDERAL RESERVE"), and the Federal Deposit Insurance Corporation (the "FDIC"). Commercial Bank is duly organized, validly existing and in good standing under the laws of the State of Ohio and has full power and authority, corporate or otherwise, to own its property and to carry on its business as presently conducted. Commercial Bank is not qualified to do business in any other jurisdiction or required to be qualified to do business in any other jurisdiction, except where the failure to be so qualified individually or in the aggregate would not reasonably be expected to have a material adverse effect on Commercial Bank. Commercial Bank has provided to FDEF and First Federal true and complete copies of the articles of incorporation and other governing instruments of Commercial Bank, in each case as amended to the date of this Agreement.
Sample 1
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Commercial Bank. 5. Borrower reaffirms, ratifies and confirms its Obligations under the Loan Agreement, acknowledges that all the terms and conditions in the Loan Agreement (except as amended herein) remain in full force and effect and further acknowledges that the security interest granted to FINOVA in the Collateral is valid and perfected.
Sample 1
Commercial Bank. Neither ComBanc nor Commercial Bank has engaged in any unfair labor practice, other than practices that individually or in the aggregate would not reasonably be expected to have a material adverse effect on ComBanc or Commercial Bank.
Sample 1
Commercial Bank. =============================================================================== DISBURSEMENT (Section 9.11): Unless and until Borrower otherwise directs FINOVA in writing, all loans shall be wired to Borrower's operating account: as designated in writing to FINOVA. ================================================================================ ADDITIONAL PROVISIONS: Within ninety (90) days of the date of this Agreement, Borrower shall, at FINOVA?s request execute and deliver to FINOVA or otherwise provide such additional UCC-1 Financing Statements, Landlord Waivers, vehicle certificates of title, and additional documents to be filed with the United States Patent and Trademark Office, as may be required in FINOVA?s sole discretion. Borrower: FINOVA: UTILX Corporation, a Delaware corporation FINOVA CAPITAL Corporation By:/s/ Xxxxxxx X. Xxxxxxxxx By: /s/ Xxxx Xxxxxxxx ------------------------- ------------------ Xxxxxxx X. Xxxxxxxxx, President Title: Vice President, Western Portfolio Manager
Sample 1
Commercial Bank. An institution legally authorized to issue demand deposit accounts as opposed to thrift institutions or investment banks, which are not so empowered. Thrift institutions offering demand deposit facsimile accounts in certain states are not considered to be commercial banks. Commercial Paper Financial instruments which can be bought and settled on the same day with a minimum of complication, which have a short-term maturity, and pay interest maturity. They are cash equivalents. Commission Fee charged by a broker for negotiating security or real estate transactions.
Sample 1

Related to Commercial Bank

  • Bank The Buyer (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.

  • Financial Services The aim of cooperation shall be to achieve closer common rules and standards in areas including the following:

  • Bank Holding Company Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System.

  • Fortis Benefits represents that it believes, in good faith, that the Separate Account is a “segregated asset account” and that interests in the Separate Account are offered exclusively through the purchase of or transfer into a “variable contract,” within the meaning of such terms under Section 817(h) of the Code and the regulations thereunder. Fortis Benefits will make every effort to continue to meet such definitional requirements, and it will notify the Fund and Distributor immediately upon having a reasonable basis for believing that such requirements have ceased to be met or that they might not be met in the future.

  • Financial Institution Funding Each Purchaser Interest of the Financial Institutions shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with the terms and conditions hereof. Until Seller gives notice to the Agent of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any Purchaser Interest transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Prime Rate. If the Financial Institutions acquire by assignment from Company any Purchaser Interest pursuant to Article XIII, each Purchaser Interest so assigned shall each be deemed to have a new Tranche Period commencing on the date of any such assignment.

  • Wachovia Wachovia Mortgage Corporation, a North Carolina corporation, and its successors and assigns.

  • Asset Management Services (i) Real Estate and Related Services:

  • Mortgage Banking Business Except as has not had and would not reasonably be expected to have a Material Adverse Effect:

  • Asset Management Supplier will: i) maintain an asset inventory of all media and equipment where Accenture Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify Accenture Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing Accenture Data and procedures for appropriately disposing of printed materials that contain Accenture Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing Accenture Data on portable devices, remotely accessing Accenture Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

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