Examples of CBC Act in a sentence
To determine, or issue an order for a hearing to deter- mine, whether a company engaged in financial, fiduciary, or insurance ac- tivities falls within the exemption in section 4(c)(8) of the Bank Holding Company Act (12 U.S.C. 1843(c)(8)), per- mitting retention or acquisition of con- trol thereof by a bank holding com- pany.(3) Notices under CBC Act.
To the extent required by law, the Investor shall file as promptly as practicable a notice to the Federal Reserve pursuant to the CBC Act with respect to the transactions contemplated by this Agreement and shall take commercially reasonable actions to obtain the non-objection of the Federal Reserve under the CBC Act, it being understood that failure to obtain such non-objection shall not impose any liability on the Investor.
To the extent required by law, the Investors shall file as promptly as practicable a notice to the Federal Reserve pursuant to the CBC Act with respect to the transactions contemplated by this Agreement and shall take commercially reasonable actions to obtain the non-objection of the Federal Reserve under the CBC Act, it being understood that failure to obtain such non-objection shall not impose any liability on any Investor.
The parties hereby agree that neither any Investor nor any of its Affiliates shall be required by this Agreement to file any notice to the Federal Reserve pursuant to the CBC Act with respect to the transactions contemplated by this Agreement.
Upon the receipt of any such written notice, Lender shall first exercise one of the Warrants, to the maximum extent permitted under the BHC Act and the CBC Act without Federal Reserve Board Approval (in minimum increments of $100,000), before exercising its rights under the other Warrant.
For the avoidance of doubt, Investor shall have no obligation to dispose of Parent Common Stock or any securities or rights, options, or warrants to purchase Parent Common Stock, or securities of any type whatsoever to avoid a CBC Act Effect and have no obligation to avoid a CBC Act Effect.
Such written notice shall contain information or documentation reasonably sufficient to enable Lender to determine the extent to which the Warrants may be exercised under the BHC Act and the CBC Act without Federal Reserve Board Approval.
Community-Based Correction Act No 46 of 1999 [hereinafter referred to as CBC Act] lays down legal provisions, alternative to imprisonment.
And also the issue of collateral is guaranteed somehow while the young one is exposing the problem of collateral to have medium or long term loans.
The Change in Bank Control Act of 1978 (CBC Act), Section 7(j) of the Federal Deposit Insurance Act (FDI Act), and Subpart E of Part 303 of the FDIC Rules and Regulations (Sections 303.80 – 303.88) generally prohibit any person, acting directly or indirectly or in concert with other persons, from acquiring control of a “covered institution” (as defined below), without providing at least 60 days prior written notice (Notice) to the FDIC.