Bank Closing definition

Bank Closing means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution.
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Bank Closing means the closing on the Bank Loan.
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Bank Closing means the close of business of the Failed Bank on the date on which the Chartering Authority closed suchinstitution.
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Examples of Bank Closing in a sentence

  • On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • The Safe Deposit Boxes shall be located and maintained in the trade area of the Failed Bank for a minimum of one year from Bank Closing.

  • The assets held for safekeeping by the Failed Bank shall be held and maintained by the Assuming Institution in the trade area of the Failed Bank for a minimum of one year from Bank Closing.

  • Fees related to the safekeeping business earned prior to the Bank Closing Date shall be for the benefit of the Receiver and fees earned after the Bank Closing Date shall be for the benefit of the Assuming Institution.

  • At any time after Bank Closing, the Receiver may establish on its books an asset pool(s) and may transfer to such asset pool(s) (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which are not acquired by the Assuming Institution, including, without limitation, wholly unfunded Commitments and assets and liabilities which may be acquired, funded or originated by the Receiver subsequent to Bank Closing.

  • The Receiver transfers, conveys and delivers to the Assuming Institution and the Assuming Institution accepts all securities and other items, if any, held by the Failed Bank in safekeeping for its customers as of Bank Closing.

  • The Assuming Institution shall provide to the Receiver written verification of all assets held by the Failed Bank for safekeeping within sixty (60) days after Bank Closing.

  • Any amounts paid under Section 8.3 or Section 8.5, shall bear interest for the period from and including the day following Bank Closing to and including the day preceding the payment at the Settlement Interest Rate.

  • The Assuming Institution assumes and agrees to honor and discharge, from and after Bank Closing, the duties and obligations of the Failed Bank with respect to such securities and items held in safekeeping.

  • Fees related to the safe deposit business earned prior to the Bank Closing Date shall be for the benefit of the Receiver and fees earned after the Bank Closing Date shall be for the benefit of the Assuming Institution.


More Definitions of Bank Closing

Bank Closing means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution. “Bank Premises” means the banking houses, drive-in banking facilities, and teller facilities (staffed or automated) together with
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Related to Bank Closing

  • Closing has the meaning set forth in Section 2.2.

  • Closing Date has the meaning set forth in Section 2.2.

  • Safe Deposit Boxes means the safe deposit boxes of the Failed Bank, if any, including the removable safe deposit boxes and safe deposit stacks in the Failed Bank's vault(s), all rights and benefits under rental agreements with respect to such safe deposit boxes, and all keys and combinations thereto.

  • Sale Date means the date that the Bonds are awarded by the District to the winning bidder.

  • Pre-Closing Period means any taxable period ending on or before the Closing Date.

  • Assumed Deposits means Deposits.