Affiliate Bank definition
Examples of Affiliate Bank in a sentence
The parties acknowledge that with respect to Loans to Bank Affiliate, Bank Affiliate may only provide cash and/or U.S. government securities as Collateral.
The Borrower may request and any Lender or Affiliate of any Lender may, in its sole and absolute discretion, arrange for the Borrower to obtain from such Lender or such Affiliate Bank Products (which shall be subject to all rules and regulations of such Lender or such Affiliate) although the Borrower is not required to do so.
Each Borrower hereby grants, pledges, and assigns to the Bank a security interest in, or lien upon, all cash, negotiable instruments, securities, deposit accounts, and other cash equivalents, whether collected or in the process of collection, whether matured or unmatured, now or hereafter in the possession of the Bank or any Affiliate Bank and upon which such Borrower has or may hereafter have any claim.
NationsBank and its Affiliate, Bank of America National Trust and Savings Association, a national banking association ("BofA"), are both wholly owned Subsidiaries of BankAmerica Corp.
Borrower hereby grants, pledges, and assigns to the Bank a security interest in, or lien upon, all cash, negotiable instruments, securities, deposit accounts, and other cash equivalents, whether collected or in the process of collection, whether matured or unmatured, now or hereafter in the possession of the Bank or any Affiliate Bank and upon which the Borrower has or may hereafter have any claim.