Affiliated Bank definition

Affiliated Bank means a Bank which is an Affiliate of another Bank.
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Affiliated Bank means Comerica Bank-Illinois, Comerica Bank-California, Comerica Bank & Trust, F.S.B., Comerica Bank-Texas or any other financial institution which is or becomes a member of the controlled group of corporations within the meaning of Section 1563(a)(1) of the Code (or other successor provision of the Code defining the term "controlled group of corporations") of which Comerica Incorporated is the common parent corporation.
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Affiliated Bank or “affiliated” shall mean that the banks are under common ownership, direction, or control. For the purposes hereof, affiliation shall be deemed to exist if the same person, entity or group owns or controls not less than twenty-five percent (25%) of the shares of any class of outstanding voting stock of the two or more banks entering into an agency relationship, exclusive of shares held in a fiduciary capacity.
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Examples of Affiliated Bank in a sentence

  • The Bank shall have the sole authority to enforce this Agreement on behalf of any such Affiliated Bank and the Trustee need not deal with any Affiliated Company except by dealing with the Bank or the Committee as its agent.

  • Nothing in the Plan, in any Option granted under the Plan, or in any Agreement shall confer any right to any person to continue as a director of the Corporation, Comerica Bank or any Affiliated Bank, or interfere in any way with the rights of the shareholders of the Corporation, the Board or the board of directors of Comerica Bank or any Affiliated Bank to elect and remove directors.

  • Neither the Seller nor the related Affiliated Bank has received notice of any Liens or claims, including Liens for work, labor, materials or unpaid State or Federal taxes relating to any Financed Vehicle securing the related Receivable, that are or may be prior to or equal to the Lien granted by such Receivable.

  • As of the Cutoff Date, neither the Seller nor the related Affiliated Bank has received notice that any right of rescission, setoff, counterclaim or defense has been asserted or threatened with respect to any Receivable.

  • The Affiliated Bank, in accordance with its customary procedures, has determined that the Obligor, at the time the Receivable was originated, obtained, applied for or made arrangements to obtain physical damage insurance covering the Financed Vehicle and under the terms of the Receivable the Obligor is required to maintain such insurance.

  • Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the related Affiliated Bank as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first security interest in the Financed Vehicle in favor of the related Affiliated Bank as secured party.

  • Consistent with the terms of this License Agreement, the Parties shall perform all lawful acts and execute such instruments as the other Parties may reasonably request to confirm, evidence, maintain or protect such Party’s rights to or under the ’222 Patent and the ’218 Patent.

  • The Servicer shall, in accordance with Customary Practices and Procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle in favor of the applicable Affiliated Bank.

  • An Option held by a grantee who has ceased to be a director of the Corporation, Comerica Bank or any Affiliated Bank shall expire at the end of the applicable exercise period, if any, specified in this Section 6.E.

  • The provisions of this Plan shall be binding upon the -------------- Bank, the Participants, all affiliated companies employing any Participants, and any successor-in-interest, beneficiary, heir or personal representative to the Bank, any Participant or any affiliated bank ("Affiliated Bank").


More Definitions of Affiliated Bank

Affiliated Bank means a state or national bank, having its main office in this state, more than fifty (50) percent of the voting stock of which is owned directly or indirectly by:
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Affiliated Bank means each of Bank One, N.A., Bank Xxx, Xxxxxxxxx, Xxxx Xxx, Xxxxx, N.A. and Bank One, Indiana, N.A.
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Affiliated Bank means, in any instance in which the incorporator of a consumer credit bank is a bank, that bank, and, in any instance in which the incorporator of a consumer credit bank is a bank holding company as defined under the Federal Bank Holding Company Act of 1956, the principal banking subsidiary of such bank holding company.
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Affiliated Bank means a bank which is under contract with Bancontact Payconiq
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Affiliated Bank means a bank which is under contract with Bancontact Payconiq Company for Payconiq
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Related to Affiliated Bank

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Affiliated Fund means, with respect to any specified Person, a private equity investment fund that is an Affiliate of such Person or that is advised by the same investment adviser as such Person or by an Affiliate of such investment adviser.

  • Obligated bank means the issuer of a cashier's check or teller's check or the acceptor of a certified check.

  • Affiliated Funds are any fund of Xxxx Xxxxxxx Trust (“JHVIT”), Xxxx Xxxxxxx Funds II (“JHF II”) or Xxxx Xxxxxxx Funds III (“JHF III”), excluding the following funds of JHVIT: the Money Market Trust B, 500 Index Trust B, International Equity Index Trust B and Total Bond Market Trust B.

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Affiliated Company means any company controlled by, controlling or under common control with the Company.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Affiliated Association means an Association accorded the status of an Affiliated Association under the rules of The FA.

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.