Bank Holding Company Status definition

Bank Holding Company Status means status as a bank holding company under the BHC Act.
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Bank Holding Company Status means status as a bank holding company under the BHC Act. “ BHC Act ” means the Bank Holding Company Act of 1956, as amended.
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Bank Holding Company Status means status as a bank holding company under the U.S. Bank Holding Company Act of 1956, as amended.
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Examples of Bank Holding Company Status in a sentence

  • In addition, all cancellation of indebtedness income resulting from the Exchange Offer and related transactions relating to the Company achieving Bank Holding Company Status shall be allocated only among the Common Holders owning Common Membership Interests immediately prior to the Exchange Offer (and such related transactions) in accordance with their relative Company Interests.

  • Existing Lot Coverage – • Impervious coverage • Pervious coverage 7.

  • REPRESENTATIONS AND WARRANTIES OF THE INVESTORS 21 Section 3.01 Organization 21 Section 3.02 Bank Holding Company Status, etc 21 Section 3.03 Authorization 22 Section 3.04 Accredited Investor, etc 22 Section 3.05 Regulatory Approvals 24 Section 3.06 Sufficient Funds 24 Section 3.07 No Acting in Concert, etc 24 Section 3.08 No Prior Proxies 25 ARTICLE IV.

  • The covenants set forth in Section 7.02 [Board Matters], Section 7.03 [Preemptive Right], Section 7.05 [Information, Access and Confidentiality] and Section 8.05 [Bank Holding Company Status] shall survive the Closing in accordance with their respective terms.

  • OTHER AGREEMENTS 39 Section 7.01 Bank Holding Company Status 39 Section 7.02 Preemptive Rights 39 Section 7.03 Compensation Matters 41 Section 7.04 Commercially Reasonable Best Efforts 41 Section 7.05 Manner of Offerings 42 Section 7.06 Indemnification 42 ARTICLE VIII.

  • The covenants set forth in Section 7.05 [Bank Holding Company Status] shall survive the Closing in accordance with their respective terms.

  • Morgan Stanley Granted Federal Bank Holding Company Status by U.S. Federal Reserve Board of Governors, (Sept.

Related to Bank Holding Company Status

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • CFC Holding Company means a Subsidiary, substantially all of the assets of which consist of Equity Interests or Indebtedness of (a) one or more CFCs or (b) one or more CFC Holding Companies.

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467a(b) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Domestic Foreign Holding Company means any Domestic Subsidiary that is a disregarded entity for U.S. federal income tax purposes with no material assets other than Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries and other assets incidental thereto.

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Public utility holding company means: (1) any company that,

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Holding Company Act means the Public Utility Holding Company Act of 1935, as amended.

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • parent financial holding company in a Member State means a financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in the same Member State;

  • Subsidiary Companies means all business entities that, at the time in question, are subsidiaries of the Company, within the meaning of section 424(f) of the Code.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Bidding Company shall refer to such single company that has made a Response to RFP for the Project;