Failed Association definition

Failed Association means Western Federal Savings ------------------ Bank, formerly a [federal savings association under the Home Owners' Loan Act, as amended, 12 U.S.C. Section 1461, et seq.,] [__________ under the laws of the ------- United States of America] and having its principal place of business in Marina Del Rey, California, which was closed pursuant to Order No. _____ of the Office of Thrift Supervision.
Sample 1
Failed Association means Pan American Federal Savings Bank, ------------------ formerly a federal savings association under the Home Owners' Loan Act, as amended, 12 U.S.C. Section 1461, et seg., and having its principal place of ------- business in San Mateo, California, which was closed pursuant to Order No. ____ of the Office of Thrift Supervision.
Sample 1
Failed Association means Western Federal Savings ------------------ Bank, formerly a federal savings association under the
Sample 1

Examples of Failed Association in a sentence

  • As used herein, "net interest overcharge" means, with respect to any First Mortgage Loan, the difference between total interest overpayments and total interest underpayments received by the Failed Association in respect of such First Mortgage Loan prior to Association Closing.

  • The Assuming Institution, during any period it --------------- has the use or benefit of any contract for the rendering of services to the Failed Association, shall pay all operating costs with respect thereto and shall comply with all relevant terms thereof.

  • The Assuming Institution shall establish and ----------------- maintain Books and records which segregate and provide separately for the assets, liabilities and business of the Failed Association acquired or assumed, as the case may be, pursuant to the Agreement for such period as the Assuming Institution may hold such assets prior to put back pursuant to the terms hereof.

  • The Receiver -------------------------------------------------- hereby grants to the Assuming Institution an exclusive option for the period set forth below to purchase all of the Receiver's right, title and interest in and to all (but not less than all) capital stock of any Subsidiary of the Failed Association listed on Schedule G, at the percentage of Market Value as of Association Closing set forth on Schedule G.

  • The transfer of Deposits under Paragraph 2(a) above -------- shall include all of the Deposits (other than Withheld Deposits) of the Failed Association, as provided in Section 2.1, Alternative A of the Standard Terms.

  • As set forth in Section 4.2(a)(v), the Assuming Institution is assuming all of the Failed Association's obligations under each Servicing Contract pursuant to which the Failed Association provides Servicing for that portion of any such loan that was sold to FHLMC.

  • Subject to the foregoing, all expenses associated with any contract assumed by the Assuming Institution pursuant to this Section 4.5 shall be prorated as of the Association Closing (and the Assuming Institution shall reimburse the Receiver for any such expenses that have been prepaid by the Failed Association).

  • The Receiver hereby grants to the Assuming --------------- Institution an exclusive option for a period of ninety (90) days from Association Closing to accept an assignment from the Receiver of all right, title and interest of the Receiver in and to any lease agreement for any Leased Association Premises and any Furniture and Equipment and Data Processing Equipment leased by the Failed Association.

  • The Receiver hereby grants to the Assuming Institution an ------ exclusive option for a period of ninety (90) days from Association Closing to accept an assignment from the Receiver of any and all right, title and interest of the Receiver in and to any contracts which provide for the rendering of services to the Failed Association, other than (i) contracts that are subject to the provisions of Article II, Article III, or Section 4.1 through Section 4.4 and (ii) contracts excluded under Section 4.5(b).

  • The facility will employ a total of 35 people, 18 of which will be full-time.


More Definitions of Failed Association

Failed Association means the failed savings association more ------------------ specifically described in the Agreement.
Sample 1

Related to Failed Association

  • Affiliated Association means an Association accorded the status of an Affiliated Association under the rules of The FA.

  • Covered Associate means any general partner, managing member or executive officer, or other individual with a similar status or function, any employee who solicits a government entity for the investment adviser and any person who supervises, directly or indirectly, such employee.

  • Trade association means an entity recognized by the State in which the entity is doing business as a trade association and shall not include an organization that is formed for the purposes of providing insurance. “Transaction cutoff date” for weekly data reporting is 8 p.m. Central time on Friday of each week and for monthly data reporting is 8 p.m. Central time on Friday after the first Sunday of the month.

  • professional association means a self-regulatory organization of engineers, geoscientists or both engineers and geoscientists that

  • Savings and loan association means an association established under Act No. 156 of the Public Acts of 1964, as amended, being sections 489.501 to 489.920 of the Michigan Compiled Laws, or a federal savings and loan association established under the laws of the United States having its main office in this state.

  • Member Association means any national football association affiliated to FIFA, irrespective of whether its representative team is participating in the Competition.

  • Close financial association means an association in which the person filing shares significant financial involvement with an individual and the filer would reasonably be expected to be aware of the individual's business activities and would have access to the necessary records either directly or through the individual. "Close financial association" does not mean an association based on (i) the receipt of retirement benefits or deferred compensation from a business by which the person filing this statement is no longer employed, or (ii) the receipt of compensation for work performed by the person filing as an independent contractor of a business that represents an entity before any state governmental agency when the person filing has no communications with the state governmental agency.

  • Firearm trade association means any person, corporation, unincorporated association, federation, business league, or business organization that:

  • Savings association means a Fed- eral savings and loan association or a Federal savings bank chartered under section 5 of the Home Owners’ Loan Act, a building and loan, savings and loan or homestead association or a co- operative bank (other than a coopera- tive bank described in 12 U.S.C. 1813(a)(2)) the deposits of which are in- sured by the Federal Deposit Insurance Corporation, and any corporation (other than a bank) the deposits of which are insured by the Federal De- posit Insurance Corporation that the Office of the Comptroller of the Cur- rency and the Federal Deposit Insur- ance Corporation jointly determine to be operating in substantially the same manner as a savings association, and shall include any savings bank or any cooperative bank which is deemed by the Office of the Comptroller of the Currency to be a savings association under 12 U.S.C. 1467a(1).

  • Master association means an organization that is authorized to exercise some or all of the powers of one or more associations on behalf of one or more common interest communities or for the benefit of the unit owners of one or more common interest communities.

  • Card Association means Mastercard, Visa, Interac Association, or any other credit or debit card association or network whose cards are accepted by the Servicers for processing.

  • Bona fide association means, with respect to health insurance coverage offered in this

  • Cooperative association means any of the following:

  • Metropolitan planning organization means the same as that term is defined in Section 72-1-208.5.

  • Criminal street gang associate or member means any person

  • Community Association Dues, Fees, and Assessments means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.

  • Limited cooperative association means, with respect to a Wisconsin cooperative, a cooperative organized under ch. 193.

  • Zoning Administrator means the administrator of these rules who is appointed by the natural resources commission.

  • Community association means an association in which membership is a condition of ownership or shareholder interest of a unit in a condominium, cooperative, townhouse, villa, or other residential unit that is part of a residential development plan as a master association or common interest community and that is authorized to impose an assessment and other costs that may become a lien on the unit or lot.

  • National Emergency Number Association (“NENA”) is an association with a mission to xxxxxx the technological advancement, availability and implementation of 911 nationwide.

  • Non-Associated Gas means an accumulation of natural gas in a reservoir where there is no crude oil.

  • the Association means the Association referred to in rule 1;

  • Private employer means any person, company, corporation, labor organization or association which employs ten or more persons.

  • Nursing home administrator or "administrator" means any individual who is charged with the general administration of a nursing home, whether or not such an individual has an ownership interest in such home and whether or not the functions and duties are shared with one or more other individuals.

  • Additional Special Servicing Compensation As defined in Section 3.11(d).

  • Association Property means that property, real and personal, which is owned or leased by, or is dedicated by a recorded plat to, the association for the use and benefit of its members.