CIBC Act definition

CIBC Act means the Change in Bank Control Act of 1978, as amended.
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CIBC Act means the Change in Bank Control Act.
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CIBC Act means the Change in Bank Control Act, as amended, 12 U.S.C. §1817(j).
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Examples of CIBC Act in a sentence

  • Without limiting the foregoing, assuming the accuracy of the representations and warranties of the Company contained herein, the Purchaser represents and warrants that it does not and will not as a result of its purchase or holding of the purchased Common Shares or any other securities of the Company have “control” of the Company or the Bank, and has no present intention of acquiring “control” of the Company or the Bank, for purposes of the BHCA or the CIBC Act.

  • Without limiting the foregoing, assuming the accuracy of the representations and warranties of the Company contained herein, the Purchaser represents and warrants that it does not and will not as a result of its purchase or holding of the purchased Shares or any other securities of the Company have “control” of the Company or the Bank, and has no present intention of acquiring “control” of the Company or the Bank, for purposes of the BHCA or the CIBC Act.

  • Without limiting the foregoing, assuming the accuracy of the representations and warranties of the Company contained herein, the Investor represents and warrants that it does not and will not as a result of its purchase or holding of the purchased Common Shares or any other securities of the Company have “control” of the Company or the Bank, and has no present intention of acquiring “control” of the Company or the Bank, for purposes of the BHCA or the CIBC Act.

  • The proposed rule also continues to interpret a change in control for purposes of section 914 to mean a transaction that requires a filing under the CIBC Act.

  • For additional information on change in control notification requirements, see section 2090.1.Additional notices under the CIBC Act do not have to be filed if regulatory clearance had already been received to acquire 10 percent or more of the voting shares of a bank holding company, and subsequent treasury stock redemptions resulted in ownership of between 10 and 25 percent of the shares of the bank holding company.

  • In addition to the BHC Act and CIBC Act, Regulation Y implements section 914 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (section 914).

  • Assuming the accuracy of the representations and warranties of the Company contained herein, Purchaser represents that neither it nor its Affiliates will, as a result of the transactions contemplated herein, be deemed to (i) own or control 10% or more of any class of voting securities of the Company or (ii) otherwise control the Company for purposes of the BHC Act or the CIBC Act.

  • Such Purchaser understands and acknowledges that: (i) the Company is a registered bank holding company under the BHC Act, and is subject to regulation by the Federal Reserve; (ii) acquisitions of interests in bank holding companies are subject to the BHC Act and the CIBC Act.

  • Matrix No. 40 and No. 146)Amendment expands the factors the federal banking agencies may consider in determining whether to disapprove a notice under the CIBC Act to include the financial condition and future prospects of the depository institution involved in the transaction.

  • Assuming the accuracy of the representations and warranties of the Company contained herein, such Purchaser represents that neither it nor its Affiliates will, as a result of the transactions contemplated herein, be deemed to (i) own or control 10% or more of any class of voting securities of the Company or (ii) otherwise control the Company for purposes of the BHC Act or CIBC Act.


More Definitions of CIBC Act

CIBC Act has the meaning set forth in Section 3.15.
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CIBC Act has the meaning set forth in Section 8(b).
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Related to CIBC Act

  • BC Act means the Securities Act (British Columbia);

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • FMC Act means the Financial Markets Conduct Act 2013.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • BHC Act means the Bank Holding Company Act of 1956, as amended.

  • 2000 Act means the Local Government Act 2000;

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • 1990 Act means the Town and Country Planning Act 1990;

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • Investment Company Act of 1940 means the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.

  • 2012 Act means the Health and Social Care Act 2012;

  • Securities Act (Ontario) means the Securities Act, R.S.O. 1990, c.S.5, as amended, and the regulations thereunder, unless otherwise specified, as the same exist on the date hereof.

  • Ontario Act means the Securities Act (Ontario);

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • Holding Company Act means the Public Utility Holding Company Act of 1935, as amended.

  • Company Act means the Investment Company Act of 1940, as amended.

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • Federal Reserve Act means the Federal Reserve Act, as amended.

  • Investment Company Act means the Investment Company Act of 1940, as amended.

  • Public Service Act ’ means the Public Service Act, 1994 (Proclamation No. 103 of 1994);

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

  • BHCA means the Bank Holding Company Act of 1956, as amended.

  • Banking Act means the UK Banking Act 2009, as amended.