BHC Member definition

BHC Member means a Member that is a bank holding company as defined in the BHCA, or a non-bank subsidiary of such a bank holding company. Each of Union Bank and Xxxxx Fargo is a BHC Member.
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BHC Member means any Member that is, or is a company that controls, is controlled by, or is under common control with, a bank holding company (as defined in Section 2(a) of the BHCA) that is subject to the provisions of Regulation Y issued by the Board of Governors of the Federal Reserve System, unless such Member has requested, and the Company agrees, that the Member not be treated as a BHC Member.
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BHC Member means a Class A Limited Member that (a) is subject to the BHC Act, or is directly or indirectly “controlled” (as that term is defined in the BHC Act) by a company that is subject to the BHC Act and (b) indicates its intent to be treated as a BHC Member in its relevant subscription agreement or otherwise in writing to the Managing Member on or before the closing at which such Member is admitted to the Company.
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Examples of BHC Member in a sentence

  • However, despite all efforts situations can occur which may result in serious personal injury or even death, and in extensive damage to property, equipment and materials.

  • Upon the complete or partial withdrawal of any Foundation Member or BHC Member from the Company, the Members (including the withdrawing Foundation Member or BHC Member) may enter into an amendment to this Agreement reflecting such withdrawal and amending such provisions of this Agreement as may be appropriate, including the allocation and distribution provisions, in order to preserve, to the maximum extent feasible, the intent, operation and effect of such provisions.

  • That portion of any Units held by a BHC Member which is determined at the time of admission of such BHC Member to be in excess of 4.99% of the aggregate Units outstanding, excluding for purposes of calculating such percentage those Units that are Non-Voting Units, shall be a Non-Voting Unit (whether or not subsequently transferred in whole or in part to any other person) except as provided in the following sentence.

  • If the BHC Member notifies the Fund that it will not accept a distribution in kind in accordance with the foregoing, the Fund will cause the assets constituting such distribution in kind to be sold and the proceeds thereof to be distributed to the BHC Member, or will make such other arrangements as are reasonably determined by the Managing Member.

  • For purposes of this Section 5.5(d), “Transferees” means any person to which the BHC Member transfers (including by way of a sale, assignment, hypothecation, disposition or other transfer of the legal or beneficial ownership or economic benefits) any of its Class A Limited Membership Interests, and any of their transferees, in each case, other than a transferee in the circumstances described in (i)-(iv) above.

  • Any such election by a BHC Member may be rescinded at any time by written notice to the Company, provided that any such rescission shall be irrevocable.

  • Each BHC Member irrevocably waives its right to vote its Non-Voting Units on the selection of a Substitute Managing Member under Section 18-801 of the Act, and any other voting rights as set forth in this Agreement, which waiver will be binding upon such BHC Member and upon any person or entity that succeeds to its Units in the Fund.

  • Except as provided in this Section 5.5(d), any outstanding Class A-2 Limited Membership Interests of a BHC Member and its Transferees shall be identical to the Class A-2 Limited Membership Interest of the other Members.

  • Except as provided in Section 13.01(a), a BHC Member shall not be COHESION INDIA BEST IDEAS FUND (DELAWARE) LLC 10 permitted to vote on the selection of any successor manager of the Company, and each BHC Member irrevocably waives its right to vote its Non-Voting Interest on the selection of a successor member of the Company under Section 4.02, which waiver shall be binding upon such BHC Member or any person or entity that succeeds to its Membership Interest.

  • The Managing Member shall immediately notify each BHC Member upon becoming aware of any anticipated event (including, without limitation, proposed redemptions by, or distributions to, other Members) which could cause such BHC Member to exceed the BHC Limit, but shall have no liability for failure to do so.


More Definitions of BHC Member

BHC Member means a Member that is a bank holding company as defined in the BHCA, or a non-bank subsidiary of such a bank holding company. Each of Union Bank and Wells Fargo is a BHC Member.
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BHC Member means a Member that is a bank holding company, as defined in Section 2(a) of the Bank Holding Company Act of 1956, as amended (the “BHC Act”),
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BHC Member means a Member that (i) is subject to the Bank Holding Company Act of 1956 or is directly or indirectly "controlled" (as that term is defined in the Bank Holding Company Act of 1956) by a company that is subject to the Bank Holding Company Act of 1956 and (ii) so indicates in this Subscription Agreement or otherwise in a writing acknowledged by the Manager on or before the date at which such Member purchases its Units.
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Related to BHC Member

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Voting Member means a Member holding one or more Voting Shares.

  • Council Member means a member of the Council;

  • Panel Member ’ means a member of a panel;

  • Public member means an individual who is not, and never

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Founding Member means any individual who is either:

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Active member means a member of the pension program or the individual account program

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Financial Member means a person who has paid the required membership fee and is listed on the Register of Members.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Tribal Member means an enrolled member of the Tribe.

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.