Examples of Deposit Insurance Corporation in a sentence
All terms and provisions of this Single Family Shared-Loss Agreement shall be binding upon and shall inure to the benefit of the parties hereto only; provided, however, that, Receiver may assign or otherwise transfer this Single Family Shared-Loss Agreement (in whole or in part) to the Federal Deposit Insurance Corporation in its corporate capacity without the consent of Assuming Bank.
Temporarily, however, prior to depositing such funds as contemplated by Subsection 6.1(2), a Primary Servicer may hold such funds in a clearing account that is either in an Eligible Depository or is a deposit account insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or such other governmental insurer or guarantor as may be acceptable to the Guarantor, and that in any case may include collections on other mortgage loans without regard to their ownership.
All accounts are to be held in banks or credit unions fully licensed to do business in the State of Arkansas and in accounts insured to the maximum limit of either the Federal Deposit Insurance Corporation or the National Credit Union Association.
Ohio law requires that all public depositories, as defined by Ohio Revised Code (“ORC”) § 135.01, pledge eligible securities (“Securities”) to secure the Ohio Treasurer of State’s Office (“Treasurer”) public deposits, as defined by ORC § 135.01, held by the Financial Institution (“Public Deposits”) in excess of the amount insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration.
Scheme - Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law.