Corporate Organization and Powers Sample Clauses

Corporate Organization and Powers. (a) Purchaser is a national bank, duly organized, validly existing and in good standing under the laws of United States of America.
AutoNDA by SimpleDocs
Corporate Organization and Powers. (a) Seller is a federally chartered savings bank, duly organized, validly existing and in good standing under the laws of the United States of America.
Corporate Organization and Powers. The Company is a banking corporation duly organized, validly existing, and in good standing under the laws of the State of Tennessee. The Company has the corporate power and authority to own its properties, to effect this transaction, and carry on its business as presently conducted. The deposits being transferred to Purchaser pursuant to this Agreement are insured by the FDIC to the maximum extent permitted by the Federal Deposit Insurance Act, and the Company has paid all premiums with respect to such deposits and filed all reports required with respect thereto.
Corporate Organization and Powers. (a) Purchaser is an insured depository institution, duly organized, validly existing and in good standing under the laws of the State of Florida.
Corporate Organization and Powers. Eagle is a federally chartered savings bank organized and validly existing under the laws of the United States of America and the rules and regulations of the Office of Thrift Supervision ("OTS"). Eagle has the corporate power and authority to own its properties, to effect the transactions contemplated hereby and carry on its business as presently conducted.
Corporate Organization and Powers. (a) Seller is a federally chartered savings bank, duly
Corporate Organization and Powers. (a) Parent is a corporation, duly organized and validly existing under the laws of the Republic of Chile.
AutoNDA by SimpleDocs
Corporate Organization and Powers. The Seller is a state chartered commercial bank duly organized, validly existing and in good standing under the laws of the Commonwealth of Pennsylvania and the rules and regulations of the Pennsylvania Department of Banking ("PDB"). The Seller has the corporate power and authority to own its properties, to effect this transaction and carry on its business as presently conducted. The Seller' deposits are, subject only to monetary limits established by law and regulation, insured by the Banking Insurance Fund ("BIF") of the FDIC.
Corporate Organization and Powers. The Seller is a New York chartered commercial bank duly organized, validly existing and in good standing under the laws of the State of New York. The Seller has the corporate power and authority to own its properties to effect this transaction and carry on its business as presently conducted. The Seller's deposits are, subject only to monetary limits established by law and regulation, insured by the FDIC, Bank Insurance Fund (BIF).
Corporate Organization and Powers. The Purchaser is a financial institution duly organized, validly existing and in good standing under the laws of the United States of America. The Purchaser has the corporate power and authority to own or lease its properties, to effect the transaction contemplated hereby and to carry on its business as presently being conducted. The Purchaser is a member of the Federal Reserve System and its deposits are insured by the Federal Deposit Insurance Corporation.
Time is Money Join Law Insider Premium to draft better contracts faster.