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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Related to Failed Association

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

  • Existing association means a stock association that is a party to a consolidation agreement and is engaged in the savings and loan business prior to the consolidation or merger provided for in the consolidation agreement.

  • 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