Bank Insurance Fund definition

Bank Insurance Fund means the Bank Insurance Fund maintained by the FDIC.
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Bank Insurance Fund means the Bank Insurance Fund established by ------------------- Congress in 1989 as the successor to the Deposit Insurance Fund pursuant to the Financial Institutions Reform, Recovery and Enhancement Act of 1989.
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Bank Insurance Fund means the Bank Insurance Fund maintained by the FDIC. "Bank Merger Agreement" has the meaning set forth in Section 6.13. "Bank Merger" has the meaning set forth in Section 6.13. "Bank Secrecy Act" means the Bank Secrecy Act of 1970, as amended. "Benefit Plans" has the meaning set forth in Section 5.03(m)(i). "Business Day" means Monday through Friday of each week, except a legal holiday recognized as such by the U.S. Government or any day on which banking institutions in the State of Maine are authorized or obligated to close. "Certificate" means any certificate which immediately prior to the Effective Time represented shares of Company Common Stock. "Closing" and "Closing Date" have the meanings set forth in Section 2.02(b). "Code" has the meaning set forth in the recitals to this Agreement. "Community Reinvestment Act" means the Community Reinvestment Act of 1977, as amended. "Company" has the meaning set forth in the preamble to this Agreement. "Company Affiliates" has the meaning set forth in Section 6.07. "Company Articles" means the Articles of Incorporation of the Company, as amended. "Company Bank" means First National Bank of Bar Harbor, a national banking association. "Company Board" means the Board of Directors of the Company. "Company Bylaws" means the Bylaws of the Company, as amended. "Company Common Stock" means the common stock of the Company. "Company ESOP" means the Company's Employee Stock Ownership Plan, as amended. "Company 401(k) Plan" means the First National Bank of Bar Harbor 401(k) Savings Plan. "Company Group" means any "affiliated group" (as defined in Section 1504(a) of the Code without regard to the limitations contained in Section 1504(b) of the Code) that includes the Company and its Subsidiaries or any predecessor of or any successor to the Company (or to another such predecessor or successor). "Company Intellectual Property" has the meaning set forth in Section 5.03(u). "Company Loan Property" has the meaning set forth in Section 5.03(o)(i). "Company Meeting" has the meaning set forth in Section 6.02. "Company Preferred Stock means the Serial Preferred Stock of the Company. "Company Stock" means, collectively, the Company Common Stock and the Company Preferred Stock. "Company Options" means the options to acquire Company Common Stock. "Company Regulatory Authorities" has the meaning set forth in Section 5.03(i).
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Examples of Bank Insurance Fund in a sentence

  • The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").

  • To make a real difference, programs similar to WINGS should exist in every state under a national infrastructure with consistent, ongoing technical assistance and support.

  • Funds in the Trust Accounts not so invested must be insured to the extent permitted by law by the Bank Insurance Fund or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation.

  • The full amount deposited at any time in the account will be insured up to applicable limits by the Federal Deposit Insurance Corporation through the Bank Insurance Fund or the Savings Association Insurance Fund or will be invested in Permitted Investments as defined in the Agreement.

  • The amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund or the Savings Association Insurance Fund to the maximum extent available.

  • In the case of Transactions in which one of the parties is a financial institution, funds held by such financial institution pursuant to a Transaction hereunder are not a deposit and therefore are not insured by the Federal Deposit Insurance Corporation (through either the Bank Insurance Fund or the Savings Association Insurance Fund) or the National Credit Union Share Insurance Fund, as applicable.

  • The account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund (“BIF”) or the Savings Association Insurance Fund (“SAIF”).

  • The parties acknowledge that they have been advised that in the case of Transactions in which one of the parties is an "insured depository institution" as that term is defined in Section 1831(a) of Title 12 of the United States Code, as amended, funds held by the financial institution pursuant to a Transaction hereunder are not a deposit and therefore are not insured by the Federal Deposit Insurance Corporation, the Savings Association Insurance Fund or the Bank Insurance Fund, as applicable.

  • The term ‘‘Bank Insurance Fund reserve ratio’’ means the ratio of the net worth of the Bank Insurance Fund to the value of the ag- gregate estimated insured deposits held in all Bank Insurance Fund members.

  • The term ‘‘Bank Insurance Fund member’’ means any depository institution the deposits of which are insured by the Bank Insurance Fund.


More Definitions of Bank Insurance Fund

Bank Insurance Fund mxxxx xxx Xxxx Insurance Fund maintained by the FDIC.
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Bank Insurance Fund. ’ means the fund established
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Related to Bank Insurance Fund

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • FDIC The Federal Deposit Insurance Corporation, or any successor thereto.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • BIF The Bank Insurance Fund, or any successor thereto.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insured Depository Institution Insured Depository Institution shall have the meaning ascribed to such term by Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Minority institutions , as used in this clause, means an institution of higher education meeting the requirements of section 1046(3) of the Higher Education Act of 1965 (20 U.S.C. 1135d-5(3)) which for the purposes of this clause includes a Hispanic-serving institution of higher education as defined in section 316(b)(1) of the Act (20 U.S.C.

  • Self-administer means a qualified patient's act of ingesting medication to end his or her life in a humane and dignified manner.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Reimbursement insurance policy means a policy of insurance

  • Insurance Advisor means Aon Risk Services and any replacement thereof appointed by the Required Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.