Common use of FDIC Insurance Clause in Contracts

FDIC Insurance. The deposits of each Financial Institution Subsidiary that is an “insured depository institution” (within the meaning of § 12 U. S. C. 1831(c)) are insured by the FDIC and no act has occurred that would adversely affect the status of such Financial Institution Subsidiary as an FDIC insured bank.

Appears in 12 contracts

Samples: Credit Agreement (Hancock Holding Co), Loan Agreement (Smartfinancial Inc.), Loan Agreement (Southern First Bancshares Inc)

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FDIC Insurance. The deposits of each Financial Institution Subsidiary that is an “insured depository institution” (within the meaning of § 12 U. S. C. 1831(c)) are insured by the FDIC Federal Deposit Insurance Corporation (“FDIC”) and no act has occurred that would adversely affect the status of such Financial Institution Subsidiary as an FDIC insured bank.

Appears in 1 contract

Samples: Credit Agreement (National Consumer Cooperative Bank /Dc/)

FDIC Insurance. The deposits of held by each Financial Institution Subsidiary that is an “insured depository institution” (within the meaning of § 12 U. S. C. 1831(cU.S.C. 1813(c)(2)) and the deposits held by each Financial Subsidiary are insured by the FDIC and no in the maximum amount available for such deposits. No act has occurred that would adversely affect the status of such Financial Institution Subsidiary as an FDIC insured bank.

Appears in 1 contract

Samples: Credit Agreement (Texas Capital Bancshares Inc/Tx)

FDIC Insurance. The deposits of each Financial Institution Subsidiary that is an a “insured depository institution” (within the meaning of § 12 U. S. C. U.S.C. 1831(c)) are insured by the FDIC and no act has occurred that would adversely affect the status of such Financial Institution Subsidiary as an FDIC insured bank.

Appears in 1 contract

Samples: Revolving Credit Agreement (NBC Capital Corp)

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FDIC Insurance. The deposits of each Financial Institution Subsidiary that is an "insured depository institution" (within the meaning of § 12 U. S. C. U.S.C. 1831(c)) are insured by the FDIC and no act has occurred that would adversely affect the status of such Financial Institution Subsidiary as an FDIC insured bank.

Appears in 1 contract

Samples: Loan Agreement (Smartfinancial Inc.)

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