Examples of Financial Services Subsidiary in a sentence
In addition, in transactions in which the Borrower purchases or participates in loans made by a Financial Services Subsidiary, the Borrower and such Financial Services Subsidiary will not use selection criteria for determining the particular loans that will be purchased or participated in by the Borrower that are adverse to the Borrower.
Each CT Financial Services Subsidiary is either a bank, a savings association or a corporation and is duly organized, validly existing, and (as to corporations) in good standing under the Laws of the jurisdiction in which it is organized and has the corporate power and authority necessary for it to own, lease and operate its Assets and to carry on its business as now conducted.
For the avoidance of doubt, “Treasury Subsidiary” does not, and shall not be deemed to, include any Financial Services Subsidiary.
There are no Contracts relating to the rights of any CT Financial Services Company to vote or to dispose of any shares of the capital stock of any CT Financial Services Subsidiary.
Each CT Financial Services Subsidiary that is a depository institution is an "insured institution" as defined in the Federal Deposit Insurance Act and applicable regulations thereunder, and the deposits in which are insured by the Bank Insurance Fund or the Savings Association Insurance Fund, as appropriate.