Banking Liabilities definition

Banking Liabilities means (i) any deposits with Cole Xxxxxx or funds collected by Cole Xxxxxx, (xi) any banker's acceptance credit of Cole Xxxxxx, (xii) any check, note, certificate of deposit, money order, letter of credit, travelers check, draft or bill xx exchange issued, accepted or endorsed by Cole Xxxxxx, (xv) any discount with, borrowing from, or other obligation to, any Federal Reserve Bank, (v) any agreement made by Cole Xxxxxx xx purchase or repurchase securities, loans or federal funds or any interest or participation in any thereof, (vi) any guarantee or similar obligation incurred by Cole Xxxxxx xx such circumstances as may be incidental or usual in carrying on the banking or trust business of a bank or trust company, (vii) any transaction in the nature of an extension of credit, whether in the form of a commitment or otherwise, undertaken by Cole Xxxxxx xxx the account of a third party with the application of the same banking considerations and legal lending limits that would be applicable if the transaction were a loan to such party, (viii) any transaction in which Cole Xxxxxx xxxs solely in a fiduciary or agency capacity, (ix) any obligation of Cole Xxxxxx xx account of any loans from the Federal Deposit Insurance Corporation which may or may not be secured by any assets of Cole Xxxxxx; xxd (x) any Lien, in favor of a public or governmental authority, upon securities guaranteed by agencies and instrumentalities of the federal government held by Borrower or any Subsidiary equal in market value to the amount by which the funds deposited by such public or governmental authority with Cole Xxxxxx exceeding the federally insured amount of such deposits and any Lien arising in connection with any commercial repurchase agreement entered into the normal course of business by Borrower or a Subsidiary.
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Banking Liabilities means (i) any deposits with any Bank Subsidiary or funds collected by any Bank Subsidiary, (ii) any banker’s acceptance credit of any Bank Subsidiary, (iii) any check, note, certificate of deposit, money order, letter of credit, travelers check, draft or xxxx of exchange issued, accepted or endorsed by any Bank Subsidiary, (iv) any discount with, borrowing from, or other obligation to, any Federal Reserve Bank, (v) any agreement made by any Bank Subsidiary to purchase or repurchase securities, loans or federal funds or any interest or participation in any thereof, (vi) any guarantee or similar obligation incurred by any Bank Subsidiary in such circumstances as may be incidental or usual in carrying on the banking or trust business of a bank or trust company, (vii) any transaction in the nature of an extension of credit, whether in the form of a commitment or otherwise, undertaken by any Bank Subsidiary for the account of a third party with the application of the same banking considerations and legal lending limits that would be applicable if the transaction were a loan to such party and (viii) any transaction in which any Bank Subsidiary acts solely in a fiduciary or agency capacity.
Sample 1
Banking Liabilities means (i) any deposits with Xxxx Xxxxxx or funds collected by Cole Taylor, (ii) any banker's accexxxxxx xxxxit of Cole Taylor, (iii) xxx xxxxx, note, certificate of deposit, money ordxx, xxxxxx of credit, travelers check, draft or bill of exchange issued, accepted or endorsed by Cole Taylor, (iv) anx xxscount with, borrowing from, or other obligatxxx xx, xxx Federal Reserve Bank, (v) any agreement made by Cole Taylor to purchase or repurchase securities, loans or federal fuxxx xx xxx interest or participation in any thereof, (vi) any guarantee or similar obligation incurred by Cole Taylor in such circumstances as may be incidental or usual in caxxxxxx xx xhe banking or trust business of a bank or trust company, (vii) any transaction in the nature of an extension of credit, whether in the form of a commitment or otherwise, undertaken by Cole Taylor for the account of a third party with the application of xxx xxxx xxnking considerations and legal lending limits that would be applicable if the transaction were a loan to such party, (viii) any transaction in which Cole Taylor acts solely in a fiduciary or agency capacity, (ix) any oxxxxxxxxx xf Cole Taylor on account of any loans from the Federal Deposit Insurancx Xxxxxxxxxon which may or may not be secured by any assets of Cole Taylor; and (x) any Lien, in favor of a public or governmental axxxxxxxx, xpon securities guaranteed by agencies and instrumentalities of the federal government held by Borrower or any Subsidiary equal in market value to the amount by which the funds deposited by such public or governmental authority with Cole Taylor exceeding the federally insured amount of such deposits axx xxx Xxxx arising in connection with any commercial repurchase agreement entered into the normal course of business by Borrower or a Subsidiary.
Sample 1

Examples of Banking Liabilities in a sentence

  • All real and personal property, use and other Taxes imposed on a time basis with respect to the Assumed Purchased Banking Assets and Assumed Banking Liabilities shall be pro rated between JPM, on the one hand, and BNY, on the other hand, in the same manner based on the full amount of the Tax for the relevant period, unless such amount is not reasonably ascertainable, in which case the full amount of the Tax for the prior period shall be used.

  • There are no material and uncured or unremedied deficiencies with respect to or affecting the Banking Business, or the Purchased Banking Assets and Assumed Banking Liabilities being acquired in connection therewith.

  • The amounts exceeding the Maximum Assumed Banking Liabilities Amount, including to such effects capital, interests, fines and every concept in general derived from such debts, adjust and reduce the Payment upon closing in the exceeded amount (the “Adjustment for Excess of the Maximum Amount of Assumed Banking Liabilities”).

  • For a period of six months after the Closing Date, civil Subpoenas served on BNY after the Closing Date that relate to Purchased Banking Assets or Assumed Banking Liabilities will be returned to the issuer with an appropriate letter notifying the issuer of the recent acquisition by JPM of certain BNY assets.

  • BNY will continue to handle and process after the Closing all civil and criminal subpoenas, IRS summons, court-ordered or governmental/regulatory demands for documentation or information (collectively referred to as "Subpoenas") served on BNY prior to Closing which relate to Purchased Banking Assets or Assumed Banking Liabilities.

Related to Banking Liabilities

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • Hedging Liability means the liability of the Borrower or any Subsidiary to any of the Lenders, or any Affiliates of such Lenders, in respect of any interest rate, foreign currency, and/or commodity swap, exchange, cap, collar, floor, forward, future or option agreement, or any other similar interest rate, currency or commodity hedging arrangement, as the Borrower or such Subsidiary, as the case may be, may from time to time enter into with any one or more of the Lenders party to this Agreement or their Affiliates.

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • related liabilities means (i) liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial assets, or (ii) liabilities that are secured by financial assets;

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • Identified Contingent Liabilities means the maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Customer Credit Liabilities means at any time, the aggregate remaining value at such time of (a) outstanding gift certificates and gift cards of the Borrowers entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits of the Borrowers.

  • Hedge Liabilities shall have the meaning provided in the definition of “Lender-Provided Interest Rate Hedge”.

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(a).

  • banking group means the New Zealand business of the registered bank and its subsidiaries as required to be reported in group financial statements for the group’s New Zealand business under section 461B(2) of the Financial Markets Conduct Act 2013.

  • Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Law, Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking.

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;