Examples of Buyer Banks in a sentence
The deposits of the Buyer Banks are insured by the FDIC in accordance with the FDIA to the fullest extent permitted by law, and each Buyer Bank has paid all premiums and assessments and filed all reports required by the FDIA.
The Buyer Banks are, and immediately after the Effective Time will be, "well capitalized," as such term is defined in the rules and regulations promulgated by the OTS and the OCC.
Buyer and the Buyer Banks are, and immediately after the Effective Time will be, “well capitalized,” as such term is defined in the rules and regulations promulgated by the FRB.
Furthermore, the Board of Directors of each of the Buyer Banks has adopted and each of the Buyer Banks has implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Authority and that meets the requirements of Sections 352 and 326 and all other applicable provisions of the USA Patriot Act and the regulations thereunder.
Promptly following the Effective Time, Buyer shall cause, for a period of not less than twelve months after the Effective Time, those persons who are members of the Board of Directors of the Company (other than any such person who shall be appointed to the Board of Directors of Buyer pursuant to Section 7.14) to be appointed to Buyer Bank's community advisory council.
During the period from the date hereof to the Effective Time, Seller shall cause Seller Bank and its directors, officers and employees to, and shall make all reasonable efforts to cause Seller Bank's third party providers to, cooperate and assist Buyer Bank in connection with Buyer Bank's planned or proposed integration of Seller Bank's products and services, personnel, departments, data and electronic processing, and employee benefits with those of Buyer Bank.
To the extent required, Seller shall continue to make all employer contributions under any employee benefit plan, including the Plans, so that at the Effective Time there will be no monetary deficiency, underfunding, penalty, or other assessment against Seller, Buyer, Banks and/or such employee benefit plans.
The Director Designee shall become a member of the class of Buyer's and Buyer Bank's Boards of Directors that has the longest time remaining until its directors' terms expire.
First Tennessee shall provide, at Buyer Bank's request, a closing statement which reflects the calculation of the Adjustment Payment.
Furthermore, the Board of Directors of each of the Buyer Banks has adopted and each such bank has implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Authority and that meets the requirements of Sections 352 and 326 of the USA Patriot Act.