Bancorp Subsidiaries definition
Examples of Bancorp Subsidiaries in a sentence
Northfield Bancorp and the Northfield Bancorp Subsidiaries that are at least 80 percent (80%) owned by Northfield Bancorp are members of the same affiliated group within the meaning of Code Section 1504(a).
To the Knowledge of Regal Bancorp, the loans, discounts and the accrued interest reflected on the books of Regal Bancorp and the Regal Bancorp Subsidiaries are subject to no defenses, set-offs or counterclaims (including, without limitation, those afforded by usury or truth-in-lending laws), subject to the Enforceability Exceptions.
Regal Bancorp and the Regal Bancorp Subsidiaries shall have obtained any and all material permits, authorizations, consents, waivers, clearances or approvals required for the lawful consummation of the Merger by Regal Bancorp, the failure to obtain which would have a Material Adverse Effect on Somerset Bank and any Subsidiary of Somerset Bank.
Each of the other Bancorp Subsidiaries is duly organized, validly existing and in good standing under the laws of the state of its incorporation.
In addition to Regulatory Approvals, Bancorp shall have obtained all necessary third party consents or approvals in connection with the Merger, the absence of which would materially and adversely affect Bancorp and Bancorp Subsidiaries, taken as a whole.