Account Loans definition

Account Loans are those savings account loans and NOW, checking and other transaction account lines of credit associated with Deposits which consist of (i) all account loans secured solely by Deposits, if any, and (ii) any overdraft, checking balances or checking account line of credit loan balances, if any.
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Account Loans are those savings account loans and NOW, checking and other transaction account lines of credit associated with Deposits domiciled at the Branch Office set forth on SCHEDULE 6.12 hereto and which loans are authorized in writing and consist of (i) all savings account loans secured by Deposits, together with all Accrued Interest, if any, and (ii) any overdraft checking balances or checking account line of credit loan balances, if any.
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Account Loans are those savings account loans and NOW, checking and other transaction account lines of credit associated with Deposits domiciled at the Home Office and the Branch Offices which consist of (i) all loans secured solely by Deposits, if any, and (ii) any overdraft, checking balances or checking account line of credit loan balances, if any, together in each case with all Accrued Interest. The Account Loans as of March 31, 2004 are set forth on Exhibit A.
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Examples of Account Loans in a sentence

  • Any Account Loans are evidenced by appropriate and sufficient documentation based upon customary and ordinary past practices of the Seller.

  • All Account Loans transferred to Buyer pursuant to the terms of this Agreement are valid and enforceable subject to applicable bankruptcy, insolvency, receivership, and similar laws affecting creditors' rights generally, and, as to enforceability, to general principles of equity (whether enforcement is sought in a proceeding in equity or at law).

  • Seller and Buyer shall cooperate in the repurchase of such Account Loans and Deposits and the reassumption of obligations under such Account Loans and Deposits.

  • The Holder acknowledges and agrees that the Government, upon liquidation or dissolution of the Bank, shall make no further advances on the portion of the Financing Account Loan(s) for purchases of Class B Stock and that such funds may be rescinded at the discretion of the Government.

  • He pointed out that there was a hump-bridge on this lane and felt that the application should be refused.


More Definitions of Account Loans

Account Loans means all savings account loans that are secured by or associated with Deposits, together with all Accrued Interest provided, in the case of a secured account loan, such Account Loan does not exceed ninety percent (90%) of the withdrawable balance of the securing Deposit.
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Account Loans means (i) all savings account loans secured by Deposits together with all Accrued Interest thereon, if any, and (ii) all checking account lines of credit or overdraft checking loan balances related to the Deposits together with all Accrued Interest thereon, if any, which are listed on the books and records of the Branch; provided that the term "Account Loans" shall not include loans more than ninety (90) days past due as of the Closing Date.
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Account Loans shall have the meaning set forth in Article IV(b).
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Account Loans shall not include loans more than ninety (90) days past due as of the Closing Date.
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Account Loans means (i) all savings account loans secured by Deposits and (ii) all checking account lines of credit or overdraft checking loan balances related to the Deposits which are listed on the books and records of the Branches.
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Account Loans means (i) all savings account loans conforming to federal regulations, not delinquent on the Closing Date by thirty (30) days or more, secured by or associated with Deposits together with all Accrued Interest and any accrued but unpaid late or other charges thereon and (ii) any overdraft checking balances on Deposits not delinquent on the Closing Date by thirty (30) days or more, together with all Accrued Interest and any accrued but unpaid late or other charges thereon.
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Account Loans means Loans based on Eligible Accounts. "Acquisition" means the investment in or purchase of a
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