Bank Subsidiary definition

Bank Subsidiary means the subsidiary or subsidiaries of the Bank which may from time to time be specified by the Bank to the Customer;

Bank Subsidiary means any Subsidiary that is a bank, limited purpose bank, or similarly regulated Person.

Bank Subsidiary means Independent Bank, and any Person which is now or hereafter an “insured depository institution” within the meaning of 12 U.S.C. Section 1831(c), as amended, and which is now or hereafter “controlled” by the Borrower within the meaning of 12 U.S.C. Section 1841(a), as amended.

Examples of Bank Subsidiary in a sentence

• No Bank Subsidiary shall conduct or enter into any business except for banking or similarly regulated businesses.

• The Borrower will maintain, and cause each Bank Subsidiary to maintain, at all times such amount of capital as may be prescribed by such entity’s prudential supervisor, from time to time, whether by regulation, agreement or order.

• The Shares represent, and during the term of this Agreement will represent, all of the issued and outstanding capital stock, equity and other ownership interests (and any rights to acquire any of such interests) of each Bank Subsidiary.

• With respect to each Bank Subsidiary, maintain at all times such capital as may be necessary to cause such Bank Subsidiary to be classified as a “well capitalized” institution in accordance with all laws and regulations (as such laws and regulations may be amended, supplemented or otherwise modified from time to time) of the FDIC and each other Regulatory Authority that has supervisory authority over such Subsidiary.

• The deposits held by each Bank Subsidiary of the Borrower are insured by the FDIC to the maximum extent permitted by applicable federal law and no event, act or omission has occurred which would adversely affect the status of any Bank Subsidiary as an FDIC-insured bank.

More Definitions of Bank Subsidiary

Bank Subsidiary means a wholly owned subsidiary of the Bank such as the South African Bank Note Company (RF) Proprietary Limited and South African Mint Company (RF) Proprietary Limited;

Bank Subsidiary means any Subsidiary that is a commercial bank, banking corporation, savings and loan association, savings bank, trust company or Edge Act corporation.

Bank Subsidiary. CapitalSource Bank, an industrial bank incorporated under the laws of the State of California.

Bank Subsidiary means a Subsidiary that is a regulated depository institution and is so designated by the Initial Borrower in writing to the Administrative Agent. Upon the consummation of the CapitalSource Bank Transaction, each of the CapitalSource Bank Entities that is a regulated depository institution shall automatically become a Bank Subsidiary.

Bank Subsidiary means First Security Thrift, First American Trust and any other Subsidiary of the Borrower which is a federally- or state-chartered thrift, bank or trust company.

Bank Subsidiary means any direct or indirect Subsidiary of the Borrower, which is a bank or thrift institution, including, without limitation, Greater Bay Bank, N.A. and any bank or thrift institution subsequently becoming a direct or indirect Subsidiary of the Borrower.

Bank Subsidiary. Any Federal savings association (as defined in 12 U.S.C. §1813(b)(2), any national member bank (as defined in 12 U.S.C. §1813(d)(1)) or state member bank (as defined in 12 U.S.C. §1813(d)(2)) that is a subsidiary (as defined in 12 U.S.C. §1841(d)) of the Borrower. Bankruptcy Code: The Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended. Base Rate: For any day, the highest of: (a) 0.500% per annum above the Federal Funds Rate; (b) the rate of interest in effect for such day as publicly announced from time to time by Citibank, N.A. as its “Base Rate” and (c) the ICE Benchmark Administration Interest Settlement Rate (or the successor thereto if the ICE Benchmark Administration is no longer making such a rate available) applicable to Dollars for a period of one month (“One Month LIBOR”) plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall be based on the rate appearing on Reuters LIBOR01 Page (or other commercially available source providing such quotations as designated by the Agent from time to time) at approximately 11:00 a.m. London time on such day); provided that, if One Month LIBOR shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “Base Rate” described in clause (b) is a rate set by Citibank, N.A. based upon various factors including Citibank, N.A.’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Citibank, N.A. shall take effect at the opening of business on the day specified in the public announcement of such change. NYDOCS02/1119845 Base Rate Loan: A Revolving Loan or Term Loan that bears interest based on the Base Rate. Borrowing: A borrowing hereunder consisting of Revolving Loans or Term Loans of the same Type made to the Borrower on the same day by the Lenders under Section 2 and, other than in the case of a Base Rate Loan, having the same Interest Period.