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 such
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Examples of Bank Closing in a sentence

  • 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.

  • This list will be updated post closing with balances as of Bank Closing date.

  • 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.

  • Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date.

  • The difference between the Book Value and market value as of Bank Closing.

  • Upon vacating such premises, the Assuming Bank shall relinquish and release to the Receiver such premises and the Fixtures and the Furniture and Equipment located thereon in the same condition as at Bank Closing, normal wear and tear excepted.

  • 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 Bank, 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 Assuming Bank promptly shall relinquish and release to the Receiver such premises and the Furniture and Equipment and Fixtures located thereon in the same condition as at Bank Closing, normal wear and tear excepted.

  • Rent for such property owned by the Failed Bank shall be the market rental value thereof, as determined by the Receiver within sixty (60) days after Bank Closing.

  • Subject to Section 3.5, the Receiver hereby grants to the Assuming Bank an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises.


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 means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

  • Close of Escrow or “Closing” means the date Escrow Holder records the Deed in favor of Buyer. The Closing shall take place on the Closing Date set forth in Section 1.5.1, as the same may be extended, provided all conditions to the Closing have been satisfied or duly waived as provided herein.