Chartering Authority definition

Chartering Authority means (i) with respect to a national bank, the Office of the Comptroller of the Currency, (ii) with respect to a Federal savings association or savings bank, the Office of Thrift Supervision, (iii) with respect to a bank or savings institution chartered by a State, the agency of such State charged with primary responsibility for regulating and/or closing banks or savings institutions, as the case may be, (iv) the Corporation in accordance with 12 U.S.C. Section 1821(c), with regard to self appointment, or (v) the appropriate Federal banking agency in accordance with 12 U.S.C. 1821(c)(9).
Chartering Authority means (i) with respect to a national bank, a Federal savings association or savings bank, the Office of the Comptroller of the Currency, (ii) with respect to a bank or savings institution chartered by a State, the agency of such State charged with primary responsibility for regulating and/or closing banks or savings institutions, as the case may be, (iii) the Corporation in accordance with 12 U.S.C. § 1821(c)(4), with regard to self appointment, or (iv) the appropriate Federal banking agency in accordance with 12 U.S.C. § 1821(c)(9).
Chartering Authority has the meaning set forth in the Purchase and Assumption Agreement.

Examples of Chartering Authority in a sentence

  • The Assuming Bank (i) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (ii) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder.


More Definitions of Chartering Authority

Chartering Authority means the school district, county board of education, or State Board of Education that granted a Charter School's petition to become a Charter School pursuant to Education Code Section 47605.
Chartering Authority means either a local school board or the commission;
Chartering Authority means either a local school board or the commission that permits the operation of a charter school.
Chartering Authority means the governing board of the school district, or county board of education, or the State Board of Education, that granted a school’s petition to become a charter school pursuant to Education Code section 47605.
Chartering Authority means the authority to review charter applications, decide whether to approve or deny charter applications, enter into charter contracts with charter applicants, oversee public charter schools, and decide whether to authorize, renew, deny renewal of, or revoke charter contracts in accordance with chapter 302D, Hawaii Revised Statutes.
Chartering Authority means the local school district or county office of education or state board of education that has issued a charter to Client to operate a School.
Chartering Authority means the school district, county office of education, or the State Board of Education that granted a school’s petition to become a Ccharter Sschool pursuant to Education Code Section 47605.