Common use of Insured Depository Institution Clause in Contracts

Insured Depository Institution. The Company is an insured depository institution under the provisions of the Federal Deposit Insurance Act and the deposit accounts of the Company are insured up to the applicable limits by the Federal Deposit Insurance Corporation (“‘FDIC”) and no proceedings for the termination or revocation of such insurance are pending or, to the knowledge of the Company, threatened.

Insured Depository Institution. The Company Bank is an insured depository institution under the provisions of the Federal Deposit Insurance Act and the deposit accounts of the Company Bank are insured up to the applicable limits by the Federal Deposit Insurance Corporation (“‘FDIC”) FDIC and no proceedings for the termination or revocation of such insurance are pending or, to the knowledge of the CompanyBank, threatened.

Insured Depository Institution. The Company Bank is an insured depository institution under the provisions of the Federal Deposit Insurance Act Act, and the deposit accounts of the Company Bank are insured up by the FDIC to the applicable limits legal maximum. The Bank has paid all premiums and assessments required by the Federal Deposit Insurance Corporation (“‘FDIC”) FDIC and the regulations thereunder, and no proceedings proceeding for the termination or revocation of such insurance are is pending or, to the knowledge of the Company, threatened.

Insured Depository Institution. The Company is an insured depository institution under the provisions of the Federal Deposit Insurance Act and the deposit accounts of the Company are insured up to the applicable limits by the Federal Deposit Insurance Corporation (“‘FDIC”) FDIC and no proceedings for the termination or revocation of such insurance are pending or, to the knowledge of the Company, threatened.