Examples of Constituent Bank in a sentence
If the Director approves the merger application, FHFA shall provide written notice of the approval and any conditions to each Constituent Bank, as well as to each other Bank and the Office of Finance.
A Constituent Bank shall tabulate the votes cast im- mediately after the closing date.
The members of a Constituent Bank shall be considered to have ratified a merger agreement if a majority of votes cast in the election have been cast in favor of the ratification of the merger agree- ment.
The Constituent Bank, or the Continuing Bank, as appropriate, shall retain all ballots received for at least two years after the date of the elec- tion, and shall not disclose how any member voted.
The corporate existence of any Constituent Bank that is not a Con- tinuing Bank shall cease, unless other- wise provided in the merger agreement.
If the Direc- tor denies the merger application, FHFA shall provide written notice of the denial to each Constituent Bank, as well as to each other Bank and the Office of Finance, and the notice to the Constituent Banks shall include a statement of the reasons for the denial.§ 1278.6 Ratification by Bank Mem- bers.(a) Requirements for member vote.
If the Direc- tor denies the merger application, FHFA shall provide written notice of the denial to each Constituent Bank, as well as to each other Bank and the Office of Finance, and the notice to the Constituent Banks shall include a statement of the reasons for the denial.
The Company will not pledge, mortgage or hypothecate, or permit to exist any pledge, mortgage or hypothecation or other lien upon, any shares of Capital Stock of a Constituent Bank to secure any indebtedness for borrowed money without making effective provisions whereby the Securities shall be equally and ratably secured with any and all such indebtedness.
The Constituent Bank, or the Continuing Bank, as appropriate, shall retain all ballots received for at least two years after the date of the election, and shall not disclose how any member voted.
The corporate existence of any Constituent Bank that is not a Continuing Bank shall cease, unless otherwise provided in the merger agreement.