Banking Subsidiary definition

Banking Subsidiary means any Subsidiary of the Company which is a bank or thrift organized under the laws of the United States of America or any state thereof.

Banking Subsidiary means a subsidiary of the Issuer having as its principal business the business of banking (which shall be deemed to include the business of term deposit-taking or merchant banking) or any banking activity which is, at the relevant time, generally recognised as an integral part of the business of banking.

Banking Subsidiary means, collectively, (i) CIT Bank and any other chartered or licensed banking institution that is authorized to take deposits and a Subsidiary of Borrower from time to time, and (ii) any Subsidiary of a Person described in clause (i).

Examples of Banking Subsidiary in a sentence

• The Principal Banking Subsidiary is the only depository institution subsidiary of the Company and the Principal Banking Subsidiary is a member in good standing of the Federal Home Loan Bank System.

• The Principal Banking Subsidiary is “well capitalized” (as that term is defined at 12 C.F.R. 6.4(b)(1)) and neither the Company nor the Principal Banking Subsidiary has been informed by any Bank Regulatory Authority that its status as “well-capitalized” will change within one year.

• The deposit accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such insurance is pending or, to the knowledge of the Company, threatened.

• As used herein, “Privacy Statements” means, collectively, any and all of the Principal Banking Subsidiary’s privacy statements and policies published on websites or products or otherwise made available by the Principal Banking Subsidiary regarding the collection, retention, use and distribution of the personal information of an individual, including, without limitation, from visitors or users of any websites or products of the Principal Banking Subsidiary (“Individuals”).

• There are no outstanding rights, warrants or options to acquire or instruments convertible into or exchangeable for any capital stock or equity securities of the Principal Banking Subsidiary.

More Definitions of Banking Subsidiary

Banking Subsidiary means any bank (whether state or national) more than fifty percent (50%) of whose capital stock now or hereafter is owned directly or indirectly by Borrower or any Banking Subsidiary or may be voted by Borrower or any Banking Subsidiary. At the date of this Agreement, the only Banking Subsidiary of Borrower is Bank.

Banking Subsidiary at any time, Fiduciary Trust Company International, Franklin Templeton Bank and Trust Company, F.S.B. or any other Subsidiary of xxx Xxxxower licensed to engage, and principally engaged, at such time in the banking or trust business or any Subsidiary of any such Subsidiary.

Banking Subsidiary means any insured depository institution (within the meaning of 12 U.S.C. 1813(c), as amended, supplemented or otherwise modified from time to time), which is controlled (within the meaning of 12 U.S.C. 1841, as amended, supplemented or otherwise modified from time to time) by the Borrower.

Banking Subsidiary means, at any time, Fiduciary Trust Company International, Franklin Xxxxxxxxx Bank and Trust Company, F.S.B. or any other Subsidiary of the Company licensed to engage, and principally engaged, at such time in the banking or trust business or any Subsidiary of any such Subsidiary.

Banking Subsidiary means a Subsidiary which is a Bank.

Banking Subsidiary means a wholly owned Subsidiary of Stage or a Subsidiary of a wholly owned Subsidiary of Stage, in each case chartered under the banking laws of the United States or any state thereof, which engages in activities permitted by applicable banking laws and the primary purpose of which is to finance the Receivables arising out of sales of goods and services by Stage and its Subsidiaries.

Banking Subsidiary means any Subsidiary that is an Insured Depository Institution (as defined in Section 3 of the Federal Deposit Insurance Act, 12 U.S.C. § 1813).