BancTrust Subsidiaries definition

BancTrust Subsidiaries means the Subsidiaries of BancTrust and any corporation, bank, savings association, or other organization acquired as a Subsidiary of BancTrust in the future and owned by BancTrust at the Effective Time.
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BancTrust Subsidiaries means any corporation, partnership, joint venture or other organization other than Peoples more than 10% of the stock or ownership interest of which is owned, directly or indirectly, by BancTrust.
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Examples of BancTrust Subsidiaries in a sentence

  • Neither BancTrust nor any of the BancTrust Subsidiaries has any material liability under any such plan that is not reflected on the balance sheet included in the Financial Statements as of September 30, 2000.

  • BancTrust and the BancTrust Subsidiaries are in compliance in all material respects with all statutes and regulations applicable and material to the conduct of their respective businesses (except for any violations not material to the financial condition, results of operations, business or prospects of BancTrust).

  • In connection with the most recent examinations of BancTrust and the BancTrust Subsidiaries by the FRB and the Superintendent, and except as disclosed on Schedule 4.5 hereto, neither BancTrust nor any of the BancTrust Subsidiaries was required to correct or change any action, procedure or proceeding that BancTrust or any of the BancTrust Subsidiaries believes has not been corrected or changed as required as of the date hereof.

  • Set forth on Schedule 4.3 hereto is the name and state of incorporation of each of the BancTrust Subsidiaries.

  • For the five years preceding the date hereof, BancTrust has duly filed with the FRB and the BancTrust Subsidiaries have duly filed with the Superintendent, FDIC and FRB in correct form in all material respects the monthly, quarterly and annual reports and other documents required to be filed with all applicable governmental authorities, and such reports and other documents comply in all material respects with applicable law and regulations.

  • There are no outstanding options, warrants, calls, rights, commitments or other agreements of any character obligating any of the BancTrust Subsidiaries to issue any shares of its capital stock or any securities convertible into or evidencing the right to purchase or acquire any shares of such capital stock.

  • Each of the BancTrust Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation and has all requisite corporate power and authority to own, operate and lease its properties and to carry on its business.

  • All real and personal property owned by BancTrust and the BancTrust Subsidiaries or presently used by any of them in their respective business is in an adequate condition (ordinary wear and tear excepted) and is sufficient to carry on the business of BancTrust and the BancTrust Subsidiaries in the ordinary course of business consistent with their past practices.

  • The minute books of BancTrust and the BancTrust Subsidiaries contain complete and accurate records of all meetings and other corporate actions held or taken by their respective Boards of Directors (including committees of their respective Boards of Directors) and shareholders.

  • At the Effective Time, neither BancTrust nor any of the BancTrust Subsidiaries will have any material liability for any such taxes in excess of the amounts so paid or reserves or accruals so established.