Transfer to FDIC Sample Clauses

Transfer to FDIC. The Receiver, as the initial Participant, shall be entitled to transfer the Participation Interest to the FDIC (in any capacity) at any time, without the execution and delivery of a Transfer Supplement. Upon written notice of any such transfer delivered to the Company, the Company shall be deemed to have acknowledged such transfer and shall reflect such transfer on its books and in the register in which ownership of the Participation is recorded. The transfer of the Participation Interest shall be deemed to be effective on the transfer date specified by the FDIC in its notice to the Company of such transfer unless such notice is not provided pursuant to the provisions of this Section within seven (7) Business Days after such date, in which case the transfer shall be deemed to be effective on the date on which such notice is received by the Company (the “Deemed Effective Date”). From and after the Transfer Effective Date specified in such Transfer Supplement or the Deemed Effective Date, as applicable, the transferring Participant shall be released from any obligations it may have under this Agreement and shall cease to be a party to this Agreement.
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Transfer to FDIC. The Participant shall be entitled to transfer the Participation Interest to the FDIC at any time, without the execution and delivery of a Transfer Supplement. Upon written notice of any such transfer delivered to the Company, the Company shall be deemed to have acknowledged such transfer and shall reflect such transfer on its books and in the register in which ownership of the Participation is recorded. The transfer of the Participation Interest shall be deemed to be effective on the transfer date specified by the Participant in its notice to the Company of such transfer unless such notice is not provided pursuant to the provisions of this Section within seven (7) Business Days after such date, in which case the transfer shall be deemed to be effective on the date on which such notice is received by the Company (the “Deemed Effective Date”). From and after the Transfer Effective Date, as defined and specified in such Transfer Supplement, or the Deemed Effective Date, as applicable, the transferring Participant shall be released from any obligations it may have under this Agreement and shall cease to be a party to this Agreement.
Sample 1

Related to Transfer to FDIC

  • Transfer to a safe job (a) Where an employee is pregnant and, in the opinion of a registered medical practitioner, illness or risks arising out of the pregnancy or hazards connected with the work assigned to the employee make it inadvisable for the employee to continue at her present work, the employee will, if the employer deems it practicable, be transferred to a safe job at the rate and on the conditions attaching to that job until the commencement of maternity leave.

  • Transfer Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that:—

  • TRANSFER TO A THIRD PARTY You may transfer the software directly to a third party only with the licensed computer. The transfer must include the software and the Certificate of Authenticity label. You may not keep any copies of the software or any earlier version. Before any permitted transfer, the other party must agree that this agreement applies to the transfer and use of the software.

  • Transfer to Certain Plans and Funds (1) You may transfer escrow securities within escrow to or between a registered retirement savings plan (RRSP), registered retirement income fund (RRIF) or other similar registered plan or fund with a trustee, where the annuitant of the RRSP or RRIF, or the beneficiaries of the other registered plan or fund are limited to you and your spouse, children and parents, or, if you are the trustee of such a registered plan or fund, to the annuitant of the RRSP or RRIF, or a beneficiary of the other registered plan or fund, as applicable, or his or her spouse, children and parents.

  • Transfer to Lower Paid Duties Where an employee is transferred to lower paid duties by reason of redundancy the same period of notice must be given as the employee would have been entitled to if the employment had been terminated and the employer may at the employer’s option, make payment in lieu thereof of an amount equal to the difference between the former ordinary time rate of pay and the new ordinary time rate for the number of weeks of notice still owing.

  • Payments by Wire-Transfer All payments under this Single Family Shared-Loss Agreement shall be made by wire-transfer in accordance with the wire-transfer instructions on Exhibit 4.

  • Transfer to Other Principals (1) You may transfer escrow securities within escrow:

  • Wire Transfers Coordinate and implement bank-to-bank wire transfers in connection with Series share purchases and redemptions by Institutions;

  • ACH & Wire Transfers If we provide the service, you may initiate or receive credits or debits to your account through wire or ACH transfer. You agree that if you receive funds by a wire or ACH transfer, we are not required to notify you at the time the funds are received. Instead, the transfer will be shown on your periodic statement. We may provisionally credit your account for an ACH transfer before we receive final settlement. We may reverse the provisional credit or you will refund us the amount if we do not receive final settlement. When you initiate a wire transfer, you may identify either the recipient or any financial institution by name and by account or identifying number. The Credit Union (and other institutions) may rely on the account or other identifying number as the proper identification even if it identifies a different party or institution.

  • Data Transfer 11.1 The Processor may not transfer or authorize the transfer of Data to countries outside the EU and/or the European Economic Area (EEA) without the prior written consent of the Company. If personal data processed under this Agreement is transferred from a country within the European Economic Area to a country outside the European Economic Area, the Parties shall ensure that the personal data are adequately protected. To achieve this, the Parties shall, unless agreed otherwise, rely on EU approved standard contractual clauses for the transfer of personal data.

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