Failed Association definition

Failed Association means Western Federal Savings Bank, ------------------ formerly a federal savings association under the HOLA, as amended, 12 U.S.C. Section 1461, et seq., and having its principal place of business in Marina Del ------ Ray, California, which was closed pursuant to Order No. ____________ of the OTS.
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Failed Association means the failed savings association more ------------------ specifically described in the Agreement.
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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.
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Examples of Failed Association in a sentence

  • Asset portfolio includes Delinquent assets, but NOT any asset that is wholly charged off the Books of the Failed Association as of Association Closing.

  • 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 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.

  • Pursuant to Section 5(d) of the Home Owners' Loan Act, as amended, 12 U.S.C. Section 1464(d), the Office of Thrift Supervision has closed the savings association referred to in Paragraph 1(d) below (the "Failed Association") and has appointed the Resolution Trust Corporation as receiver of the Failed Association.

  • Pursuant to Section 5(d) of the Home Owners' Loan Act, as amended, 12 U.S.C. Section 1464(d), the Office of Thrift Supervision has closed the savings association referred to in Paragraph 1(b) below (the "Failed Association") and has appointed the Resolution Trust Corporation as receiver of the Failed Association.

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


More Definitions of Failed Association

Failed Association means Western Federal Savings ------------------ Bank, formerly a federal savings association under the
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