Failed Thrift definition

Failed Thrift has the meaning given in the recitals.
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Failed Thrift means IndyMac Bank, FSB.
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Examples of Failed Thrift in a sentence

  • Each party hereto shall promptly notify the other party of any claim, threatened claim or litigation against the Failed Thrift, the Seller, the Purchaser or any of their respective employees, officers, agents and representatives arising out of or in any way related to any Mortgage Loan or Servicing Rights purchased by the Purchaser that may come to its attention.

  • The Company acknowledges and agrees that the Initial Member shall have no obligation to secure or obtain any missing intervening assignment or any assignment to the Initial Member or the Failed Thrift that is not contained in the Loan File or among the Collateral Documents.

  • Consequently, to the extent that Taxpayer received certain federal income tax savings attributable to the tax benefits resulting from Reorganization 2 attributable to the original acquisition of Failed Thrift, the obligation under Section 9 of the Assistance Agreement continued in force.After Reorganization 2, however, pursuant to the Transfer Agreement it was Subsidiary 1 that was required to perform the TBS payment obligation called for under the agreements.

  • Thus, prior to Reorganization 1, Acquiring and Agency agreed that Acquiring would obtain only b% of the Federal Net Tax Benefit (as provided under Section 9 of the Assistance Agreement) as a result of Acquiring’s acquisition of Failed Thrift.Certain federal income tax savings attributable to Acquiring’s use of any loss carryovers of Failed Thrift and any tax losses or net operating losses (“NOLs”) of Subsidiary 2 factored into the TBS computation.

  • As a matter of contract, it had bargained away a% of such tax benefits as a condition of acquiring Failed Thrift from Agency.

  • In connection with the acquisition of Failed Thrift, Agency and Corporation X entered into cross obligations to facilitate the acquisition.

  • The Company shall bear all responsibility and expense of securing from the appropriate source any intervening assignment or any assignment to the Initial Member or the Failed Thrift that may be missing from the Collateral Documents, but the cost thereof shall constitute a Pre-Approved Charge for purposes of the Participation Agreement.

  • The justifications presented are steering the preparation of the Guideline and the dialogue with stakeholders, so as to have an instrument that addresses this competition policy challenge, while preserving the autonomy of companies and free markets.

  • The Company shall promptly notify the Initial Member, in accordance with the notice provisions of Section 7.04, of any claim, threatened claim or litigation against the Initial Member or the Failed Thrift arising out of any Asset of which the Company becomes aware.

  • The SRA I Credit entries for any Tax Benefits generally reflected the parties’ Tax Benefit Sharing (“TBS”) allocation of a% of the Federal Net Tax Benefit (as provided under Section 9 of the Assistance Agreement) belonging to Agency.4 That is, as part of the acquisition of Failed Thrift from Agency, Acquiring agreed to and contracted with Agency to allocate a% of the Federal Net Tax Benefit (as provided under Section 9 of the Assistance Agreement).

Related to Failed Thrift

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Commonly Controlled Entity an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

  • Controlled Group means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Code.

  • Child welfare services means social services including

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.