Disposition Plan definition

Disposition Plan. A plan that directs how funds will be distributed on the death of the Beneficiary. See Article V of the Terms & Agreement below.

Disposition Plan means a plan, submitted by the primary donor at the time of enrollment as part of the joinder agreement, that di- rects how any remaining private funds will be disbursed from the indi- vidual trust account on the death of the beneficiary.

Disposition Plan has the meaning specified in Section 7.06(b).

Examples of Disposition Plan in a sentence

• After the Director has advised the Bank in writing that he does not take supervisory objection to the Disposition Plan, the Board shall immediately adopt and implement, and shall thereafter ensure adherence to, the terms of the Disposition Plan.

• If the Disposition Plan outlines a liquidation of the Bank, the Disposition Plan shall detail the actions and steps necessary to accomplish the liquidation in conformance with 12 U.S.C. §§ 181 and 182, and the dates by which each step of the liquidation shall be completed, including the date by which the Bank will terminate the national bank charter.

• Failure to submit a timely, acceptable Disposition Plan, or failure to implement and adhere to the Disposition Plan after the Board obtains a written determination of no supervisory objection from the Director, may be deemed a violation of this Order, in the exercise of the Director’s sole discretion.

• In the event of liquidation, the Bank shall hold a shareholder vote, pursuant to 12 U.S.C. § 181, and commence liquidation within thirty (30) days of receiving the Director’s written determination of no supervisory objection to the Disposition Plan.

• In the event that the Disposition Plan submitted by the Bank’s Board outlines a sale or merger of the Bank, the Disposition Plan shall, at a minimum, address the steps that will be taken and the associated timeline to ensure that a definitive agreement for the sale or merger is executed not later than ninety (90) days after the receipt of the Director’s written determination of no supervisory objection to the Disposition Plan.

More Definitions of Disposition Plan

Disposition Plan means a plan, submitted by the pri- mary donor at the time of enrollment as part of the joinder

Disposition Plan means the resolutions relating to assets of Seller, including without limitation the Assignment and Assumption Agreement attached thereto, to be effective in the event of a Parent Election in substantially the form attached hereto as Exhibit A or as may be reasonably modified by Parent and Seller.

Disposition Plan means each disposition plan agreed upon by the Debtors and the UCC with respect to each Major Investment.

Disposition Plan. A written request for approval submitted by Service \ Provider to Investor for resolution of an Asset.

Disposition Plan means a plan, submitted by the pri-

Disposition Plan means the City’s First & Xxxxx Proposed Disposition

Disposition Plan shall have the meaning ascribed to it in Sections 3.2 and 4.3(f) hereof.