Major Depository Institution Subsidiary means any subsidiary of the Company that (i) is a depository institution and (ii) meets the definition of “significant subsidiary” within the meaning of Rule 405 under the Securities Act.
Major Depository Institution Subsidiary means any subsidiary of the Company that (a) is a depository institution and (b) meets the definition of “significant subsidiary” within the meaning of Rule 405 under the Securities Act.
Major Depository Institution Subsidiary means any subsidiary of the Company that (i) is a depository institution and (ii) the assets of which as of the most recently completed fiscal year exceeds 25% of the total assets of the Company and its consolidated subsidiaries as of such date, or the net income of which for the most recently completed fiscal year exceeds 25% of the net income of the Company and its consolidated subsidiaries for such period.
Examples of Major Depository Institution Subsidiary in a sentence
The Company or a Major Depository Institution Subsidiary shall consent to the appointment of a receiver for it or all or substantially all of its property in any liquidation, insolvency or similar proceeding with respect to it or all or substantially all of its property.
More Definitions of Major Depository Institution Subsidiary
Major Depository Institution Subsidiary means a federally-insured depository institution Subsidiary of the Company the consolidated assets of which constitute 25% or more of the Company’s Consolidated Assets.
Major Depository Institution Subsidiary means a Subsidiary that is an Insured Depository Institution and that is or would be a direct or indirect major subsidiary (or other subsidiary deemed to be the equivalent of a major subsidiary) as such term is defined by the FRB from time to time; provided, however, that any Subsidiary that had consolidated quarterly average total assets that were less than 20% of the Company's consolidated quarterly average total assets for the most recently available quarter shall not be deemed to be a Major Depository Institution Subsidiary.
Major Depository Institution Subsidiary means a Subsidiary that is an insured depository institution and that is under the "control" of the Company (as such term is defined in 12 C.F.R. S 574.4(a)); provided, however, that any Subsidiary that had consolidated quarterly average total assets that were less than 20% of the Company's consolidated quarterly average total assets for the most recently available quarter shall not be deemed to be a Major Depository Institution Subsidiary.
Major Depository Institution Subsidiary means a Subsidiary that is an insured depository institution and that is or would be a direct or indirect major subsidiary (or other subsidiary deemed to be the equivalent of a major subsidiary) as such term is defined by the Board of Governors of the Federal Reserve System (or any successor thereof) from time to time; provided, however, that any Subsidiary that had consolidated quarterly average total assets that
Major Depository Institution Subsidiary means a Subsidiary that is an insured depository institution and that is under the "control" of the Company (as such term is defined in 12 C.F.R. ss. 574.4(a)); provided, however, that any Subsidiary that had consolidated quarterly average total assets that were less than 20% of the Company's consolidated quarterly average total assets for the most recently available quarter shall not be deemed to be a Major Depository Institution Subsidiary.
Major Depository Institution Subsidiary means "major bank subsidiary" as such term is used in the Final Rule of the Federal Reserve entitled "Risk-Based Capital Standards: Trust Preferred Securities and the Definition of Capital" published on March 1, 2005.
Major Depository Institution Subsidiary. The meaning specified in 8.01(f) of this Master Purchase Agreement.