Bank Assets definition

Bank Assets means any property or asset owned or administered by the Bank, including the Bank’s name, intellectual property and registered service marks.

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Bank Assets means the total assets of the Bank as shown in the latest audited or (as the case may be) auditor reviewed consolidated statement of financial position of the Bank, but adjusted for subsequent events in such manner as the Directors may determine;

Bank Assets has the meaning set forth in Section 3.16.

Examples of Bank Assets in a sentence

• Effective as of the Closing Date, to the fullest extent permitted under applicable Law and under the Serviced Corporate Trust Contract related to each Serviced Appointment, (a) ▇▇▇▇▇ Bank hereby engages the Bank Assets Purchaser and (b) ▇▇▇▇▇ Trust Company hereby engages Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3), in each case, as Servicer to perform and discharge the Serviced Duties in respect of each Serviced Appointment as agent of such Seller.

• To the extent permitted by applicable Laws and in accordance with the Serviced Corporate Trust Contracts for Serviced Appointments, ▇▇▇▇▇ Bank hereby appoints the Bank Assets Purchaser and ▇▇▇▇▇ Trust Company hereby appoints the Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3) as custodial agent to receive, hold, deposit, invest and transfer Trust Assets related to the Serviced Appointments of the ▇▇▇▇▇ Bank and ▇▇▇▇▇ Trust Company, respectively.

• With respect to each Serviced Appointment of ▇▇▇▇▇ Trust Company, the Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3) hereby accepts its engagement as Servicer and agrees to perform and discharge all Serviced Duties consistent with the terms hereof.

• This Annex A to the Second Amended and Restated Servicing Agreement, dated October 31, 2021 (the “Agreement”), among ▇▇▇▇▇ Bank and ▇▇▇▇▇ Trust Company, as Sellers, the Bank Assets Purchaser and, upon execution of the Joinder Agreement, the Delaware Trust Assets Purchaser, as Purchasers, and Guarantor (solely for purposes of Section 9.5 of the Agreement), is incorporated into and deemed part of the Agreement in all respects.

• With respect to each Serviced Appointment of ▇▇▇▇▇ Bank, the Bank Assets Purchaser hereby accepts its engagement as Servicer and agrees to perform and discharge all Serviced Duties consistent with the terms hereof.

More Definitions of Bank Assets

Bank Assets means the Bank assets, as determined by the Committee in its sole discretion.

Bank Assets means the assets of Bank listed on Annex 2 hereto.

Bank Assets shall have the meaning specified in Section 2.1(a). -----------

Bank Assets means the total assets of the Bank as shown (if required by any relevant party) in the latest audited or (as the case may be) auditor reviewed consolidated statement of financial position of the Bank, but adjusted for subsequent events in such manner as the directors of the Bank, the Auditors or (if a bankruptcy trustee (or any equivalent insolvency practitioner) has been appointed in respect of the Bank) a bankruptcy trustee (or such equivalent insolvency practitioner) may determine;

Bank Assets means those assets of Assignor to be transferred to Assignee pursuant to this Agreement, which will consist of all of Assignor's assets at the Effective Time other than the Excluded Assets, and shall include, without limitation, the following: (i) the Real Property and Other Real Estate Owned; (ii) the Personalty; (iii) the Loans; (iv) the Banking Office Leases, Tenant Leases and Safe Deposit Agreements; (v) all rights under any building maintenance, service, vendor or other contracts in effect as of the date hereof relating to the banking services, functions and activities conducted or performed by Assignor (the "Bank Business"), to the extent such contracts are assignable and do not consist of or relate to Excluded Assets; (vi) Cash, except to the extent constituting Excluded Assets; (vii) Investment Securities, except to the extent constituting Excluded Assets; (viii) prepaid expenses relating to any other Bank Asset as of the date hereof; (ix) rights appertaining to the contracts and relationships giving rise to the Deposit Liabilities that Assignee is assuming; (x) rights appertaining to any negative deposits (overdrafts) in accounts booked at or allocated to the Banking Offices and outstanding as of the date hereof; (xi) all insurance premiums paid by Assignor to the Federal Deposit Insurance Corporation ("FDIC") that are allocable to insurance coverage for the Deposit Liabilities after the Effective Time; (xii) ownership interests in the capital stock of the Federal Home Loan Bank of New York owned by Assignor immediately prior to closing; (xiii) rights appertaining to Custodial Accounts, Fiduciary Accounts and other similar accounts; and (xiv) any and all other rights, property and assets, including intangible assets, relating to or used by Assignor in the Bank Business, except for any of the foregoing that shall be Excluded Assets.

Bank Assets means, without duplication, the following Assets of either party or its Subsidiaries as of the Distribution Time:

Bank Assets has the meaning ascribed thereto in Section 6.1 of this Agreement;