Mechanics Bank definition

Mechanics Bank means Mechanics Bank, a California corporation authorized to transact a banking business.
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Examples of Mechanics Bank in a sentence

  • Mechanics Bank uses the following to determine the balance that is available to pay items to your account each day.

  • To the extent Bank, in Bank’s sole discretion, provides any hardware in conjunction with the Mobile Banking Service, the hardware will at all times remain the sole property of Mechanics Bank.

  • The Indenture Trustee agrees to comply with reasonable requests made by Mechanics Bank or the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of such Rule.

  • The Indenture Trustee shall cooperate fully with all reasonable requests of Mechanics Bank and the Depositor to deliver any and all records and any other information, in each case in its possession, necessary to permit Mechanics Bank and the Depositor to comply with the provisions of such Rule.

  • This Note does not represent an interest in, or obligation of, California Republic Funding, LLC (the “Depositor”), Mechanics Bank or any of their respective Affiliates.

  • The issuing entity agrees to (i) perform the covenants set forth in Section 12.02, except to the extent any such obligation is imposed exclusively on the servicer or the sponsor and (ii) facilitate compliance with this Article by Mechanics Bank and the Depositor.

  • Within 60 days of the occurrence of a Backup Servicer Appointment Event, Mechanics Bank shall appoint an entity to be the Backup Servicer hereunder, which appointment shall be subject to satisfaction of the Rating Agency Condition.

  • In the event that the assignment of a Receivable to the Issuer is insufficient, without a notation on the related Financed Vehicle’s certificate of title to grant to the Issuer a first priority perfected security interest in the related Financed Vehicle, each of the Servicer and Mechanics Bank hereby agree that the designation of Mechanics Bank as the secured party on such certificate of title is solely in its capacity as agent of the Issuer.

  • The Indenture Trustee and the Issuer acknowledge and agree that the purpose of this subsection is to facilitate compliance by Mechanics Bank and the Depositor with Rule 15Ga-1 under the Exchange Act.

  • Mechanics Bank agrees that for so long as it is the Servicer, the Servicing Standard shall be consistent in all material respects with the servicing standards with respect to motor vehicle retail installment sale contracts and installment loans for which Mechanics Bank or any of its Affiliates is the owner or the appointed servicer from time to time.

Related to Mechanics Bank

  • Mechanic means an employee engaged in the installation, repair and maintenance of boilers and machinery;

  • Materialman means any corporation, firm, partnership, joint venture, or individual, other than employees of the Contractor, who or which contracts with the Contractor or any Subcontractor, to fabricate or deliver, or who actually fabricates or delivers, plant, materials or equipment to be incorporated in the Work.

  • Laborer means an individual who, pursuant to a contract with a contractor or subcontractor, provides an improvement to real property through the individual's personal labor.

  • Lien means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

  • Liens means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.