Existing bank definition
Existing bank means a savings bank, national banking association, or state chartered bank that is a party to a consolidation agreement and is engaged in the business of banking prior to the consolidation or merger provided for in the consolidation agreement.
Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.
Existing bank means a bank engaged in the business of banking before the consolidation provided in this section.
Examples of Existing bank in a sentence
The purpose of the guarantee, in the event of insolvency leading to plant closure, will be to cover any future shortfall in available funds to meet employee redundancy payments; The bank guarantee was established following the certification of the 2003 enterprise agreement; Existing bank guarantee arrangements will provide continuous coverage up to and including the 31st March 2009.
Existing bank contracts may contain certain custom products specifically designed for a function that prohibits comparison with NCR's "Private Label" products.
More Definitions of Existing bank
Existing bank means a Bank (as defined in the Existing Credit Agreement).
Existing bank has the meaning specified in Section 2.19(c).
Existing bank is defined in Section 2.24(c).
Existing bank means a banking company specified in column 1 of the First Schedule, being a company the deposits of which, as shown in the return as on the last Friday of June, 1969, furnished to the Reserve Bank under section 27 of the Banking Regulation Act, 1949 (10 of 1949), were not less than rupees fifty crores;
Existing bank means each Person which was a Bank under, and as defined in, the Second Amended and Restated Credit Agreement.
Existing bank has the meaning ascribed to such term in Section 2.14(e) hereof.
Existing bank has the meaning set forth in the recitals hereto.