Assuming Bank definition

Assuming Bank has the meaning specified in Section 2.6(d).

Assuming Bank has the meaning set forth in Section 2.18(c).

Assuming Bank means, at any time, an Eligible Assignee not at such time a Lender hereunder pursuant to Section 2.22.

Examples of Assuming Bank in a sentence

• The Assuming Bank shall transfer all such Assets to the Receiver without recourse, and shall indemnify the Receiver against any and all claims of any Person claiming by, through or under the Assuming Bank with respect to any such Asset, as provided in Section 12.4.

• The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense.

• At the direction of the Receiver or the Corporation, the Assuming Bank shall return all or any portion of such deposit balance to the Receiver or the Corporation, as appropriate, and thereupon the Assuming Bank shall be discharged from any further liability to such depositor with respect to such returned deposit balance.

• Subject to Section 2.2, the Assuming Bank agrees to honor the terms and conditions of any written escrow or mortgage servicing agreement or other similar agreement relating to a Deposit liability assumed by the Assuming Bank pursuant to this Agreement.

• The Assuming Bank shall administer and manage any Asset subject to purchase by the Receiver in accordance with usual and prudent banking standards and business practices until such time as such Asset is purchased by the Receiver.

More Definitions of Assuming Bank

Assuming Bank means, at any time, an Eligible Assignee not at such time a Lender hereunder pursuant to Section 2.12.

Assuming Bank has the meaning assigned to such term in Section 2.21(d).

Assuming Bank has the meaning specified in Section 2.9(c).

Assuming Bank shall have the meaning assigned to such term in Section 2.12 hereof.

Assuming Bank shall have the meaning provided in Section 1.14.

Assuming Bank shall have the meaning provided in the recitals on page one of this Agreement.

Assuming Bank. CIBC [Asia] Ltd., in its capacity as Assuming Bank under this Agreement.