FDIC Insurance. The deposits held by each Bank Subsidiary of the Borrower are insured by the FDIC to the maximum extent permitted by applicable federal law and no event, act or omission has occurred which would adversely affect the status of any Bank Subsidiary as an FDIC-insured bank.
Appears in 8 contracts
Samples: Credit Agreement (Independent Bank Group, Inc.), Credit Agreement (Independent Bank Group, Inc.), Credit Agreement (Independent Bank Group, Inc.)
FDIC Insurance. The deposits held by each Bank Subsidiary of the Borrower Company are insured by the FDIC to the maximum extent permitted by applicable federal law law, provided that any Bank Subsidiary may, after the date of this Agreement, opt out of the FDIC Transaction Account Guarantee Program, and no event, act or omission has occurred which would adversely affect the status of any Bank Subsidiary as an FDIC-insured bank.
Appears in 3 contracts
Samples: Credit Agreement (First Busey Corp /Nv/), Credit Agreement (First Busey Corp /Nv/), Credit Agreement (Mercantile Bank Corp)
FDIC Insurance. The deposits held by each Bank Subsidiary of the Borrower Company are insured by the FDIC to the maximum extent permitted by applicable federal law law, and except as would not reasonably be likely to result in a Material Adverse Effect, no event, act or omission has occurred which would adversely affect the status of any Bank Subsidiary as an FDIC-insured bank.
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