MAF Developments definition

MAF Developments means MAF Developments, Inc., an Illinois corporation, and its successors and assigns.
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Examples of MAF Developments in a sentence

  • The Company shall not, nor shall it permit any Banking Subsidiary or MAF Developments to, be a party to any merger or consolidation in which the Company, the Banking Subsidiary or MAF Developments is not the surviving entity unless, at or prior to the consummation of any such event, the Obligations are paid in full and the Commitments are terminated in full.

  • The Company shall, and shall cause each Subsidiary to, preserve and maintain its existence; provided, however, that nothing in this Section shall prevent the Company from dissolving any Subsidiary (other than a Banking Subsidiary or MAF Developments) if such action is, in the judgment of the Company, desirable in the conduct of its business and is not disadvantageous in any material respect to the Lender.

  • Subject to the terms and conditions hereof, the Revolving Credit may be availed of by the Company in the form of standby letters of credit issued by the Lender for the account of the Company or, at the Company's option, for the account of the Company and MAF Developments, jointly and severally (individually a "Letter of Credit" and collectively the "Letters of Credit"), provided that the aggregate amount of Letters of Credit issued and outstanding hereunder shall not at any time exceed $10,000,000.

  • In the event the Company is so required to dispose of MAF Developments as a result of the events mentioned above, such disposition shall not constitute a breach of, or a default under, Sections 7.1, 7.2, 7.14, 7.15, 8.1(h), 8.1(j), or 8.1(k) of this Agreement.

  • Regulatory-Mandated Disposition of MAF Developments.................

  • Initially this shall include: • Senior Vice President-Operations/Information Systems • Senior Vice President-Retail Banking • Senior Vice President-Residential Lending • First Vice President and Controller • First Vice President-Administration/Savings • First Vice President-Investor Relations/Taxation • Vice President-Secondary Mortgage Marketing • President of MAF Developments Inc.

  • Xxxxx (1) October 1, 2006 Executive Vice President - Marketing Xxxxxxxx Xxxxx June 1, 2004 Executive Vice President - General Counsel Xxxxxxx Xxxxxx April 19, 1990 Senior Vice President of the Bank; President - MAF Developments, Inc.

  • Xxxxx (1) October 1, 2006 Executive Vice President - Marketing Xxxxxxxx Xxxxx June 1, 2004 Executive Vice President - General Counsel Xxxxxxx Xxxxxx April 27, 1993 Senior Vice President of MAF Bancorp, Inc; President -MAF Developments, Inc.

  • The Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence; provided, however, that nothing in this Section shall prevent the Borrower from dissolving any Subsidiary (other than a Banking Subsidiary or MAF Developments) if such action is, in the judgment of the Borrower, desirable in the conduct of its business and is not disadvantageous in any material respect to the Lenders.

  • Subject to the terms and conditions hereof, as part of the Revolving Credit, the L/C Issuer shall issue standby letters of credit (each a “Letter of Credit”) for the account of the Borrower or, at the Borrower’s option, for the account of the Borrower and MAF Developments (and any joint venture in which MAF Developments is a partner), jointly and severally, in an aggregate undrawn face amount up to the L/C Sublimit.

Related to MAF Developments

  • Developments shall have the meaning set forth in Section 9(e) below.

  • Employee Developments means any idea, discovery, invention, design, method, technique, improvement, enhancement, development, computer program, machine, algorithm or other work or authorship that (i) relates to the business or operations of the Company or any of its subsidiaries or affiliates, or (ii) results from or is suggested by any undertaking assigned to the Employee or work performed by the Employee for or on behalf of the Company or any of its subsidiaries or affiliates, whether created alone or with others, during or after working hours. All Confidential Information and all Employee Developments shall remain the sole property of the Company or any of its subsidiaries or affiliates. The Employee shall acquire no proprietary interest in any Confidential Information or Employee Developments developed or acquired during the Term. To the extent the Employee may, by operation of law or otherwise, acquire any right, title or interest in or to any Confidential Information or Employee Development, the Employee hereby assigns to the Company all such proprietary rights. The Employee shall, both during and after the Term, upon the Company’s request, promptly execute and deliver to the Company all such assignments, certificates and instruments, and shall promptly perform such other acts, as the Company may from time to time in its discretion deem necessary or desirable to evidence, establish, maintain, perfect, enforce or defend the Company’s rights in Confidential Information and Employee Developments.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, multi-apartment buildings, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Innovations means all discoveries, designs, developments, improvements, inventions (whether or not protectable under patent laws), works of authorship, information fixed in any tangible medium of expression (whether or not protectable under copyright laws), trade secrets, know-how, ideas (whether or not protectable under trade secret laws), mask works, trademarks, service marks, trade names and trade dress.

  • New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • the Development means the residential development for –

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly.

  • Inventions means any inventions and/or discoveries, including information, processes, methods, assays, designs, protocols, and formulas, and improvements or modifications thereof, patentable or otherwise, that are generated, developed, conceived or reduced to practice by or on behalf of a Party or their respective sublicensees pursuant to activities conducted under this Agreement or otherwise with respect to the Product, in each case including all rights, title and interest in and to the intellectual property rights therein and thereto.

  • Research means a methodical investigation into a subject.