OTS Approval definition

OTS Approval means, to the extent required by applicable law, a determination by OTS that the Investor has rebutted the presumption of control under 12 CFR § 574.
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OTS Approval the approval of the transfer of the Subject Cash Balances to E*TRADE Bank by the OTS.
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OTS Approval means a determination by OTS that the purchase of Preferred Shares by the Investor pursuant to this Agreement does not violate the Rebuttal Agreement.
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Examples of OTS Approval in a sentence

  • Except for the OTS Approval and the filing of a Biographical Form and Certificate of License Qualification with the Texas Department of Insurance, the execution, delivery and performance by the Investor of this Agreement and the consummation by it of the transactions contemplated hereby will not require any material Regulatory Approvals or otherwise violate any statute, order, rule or regulation of any Governmental Entity having jurisdiction over the Investor or any of its properties.

  • Without limiting the foregoing, the parties shall cause all necessary initial filings with all Governmental Entities in connection with the HSR Act and the rules of the NASD, the OTS Approval, a filing with the OCC (if required) and the Pacific Stock Exchange to be made as promptly as practicable on or after the date of this Agreement, and in the case of the initial filing in connection the HSR Act, but in any event no later than fifteen (15) days after the date of this Agreement.

  • If the OTS Approval shall not have been obtained by the date that is sixty (60) days following the date hereof, this condition shall be deemed to have been waived by Purchaser and Seller, and the provisions of Section 5.17 shall apply.

  • Manager shall keep full and adequate books of account and such other records as are necessary to reflect the results of the operation of the Hotel.

  • Except as required under the HSR Act, the NASD rules, the OTS Approval requirements and the OCC notice requirements, if any, no Consent of or with any Governmental Entity or third Person is required to be obtained by Purchaser in connection with the execution and delivery of this Agreement or the performance of its obligations hereunder, except for such Consents the failure of which to obtain or make, individually or in the aggregate, would not have a Purchaser Material Adverse Effect.

  • Without limiting the foregoing, unless otherwise waived by the Company, the Investor agrees, as and to the extent required by applicable law, that it will as promptly as practicable prepare, file and prosecute with the OTS an amendment to the Rebuttal Agreement or any other submission necessary to obtain the OTS Approval.

  • The OTS has, by letter dated ______________, 2000 (the "OTS Approval Letter"), approved the Conversion Application (which Application includes the Plan), such approval remains in full force and effect and no order has been issued by the OTS suspending or revoking such approval and no proceedings therefor have been initiated or, to the knowledge of the Company or the Bank, threatened by the OTS.

  • At the date of such approval, the Conversion Application complied in all material respects with the applicable provisions of the Conversion Regulations except for those provisions specifically waived by the OTS in the OTS Approval Letter.

  • Other than the OTS Approval, the Governmental Consents referred to in Section 6.1(a) of the Disclosure Schedule shall have been duly obtained by Buyer and/or Seller, as the case may be, in form and substance reasonably satisfactory to Buyer and Seller, and such Governmental Consents shall be in full force and effect.


More Definitions of OTS Approval

OTS Approval means the approval by OTS of the sale by Seller of FFSB Shares to Buyer or one of its Affiliates as contemplated by this Agreement.
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OTS Approval means a temporary approval issued by the Local Licensing Authority to a particular Establishment pursuant to this OTS Policy for one or more of the following purposes:
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Related to OTS Approval

  • CFIUS Approval means (i) the Company and the applicable Purchaser(s) shall have received written notice from CFIUS that review under Section 721 of the Defense Production Act of 1950 as amended by the Foreign Investment Risk Review Modernization Act of 2018, including implementing regulations thereof, 31 C.F.R. Parts 800 and 802 (the “DPA”), of the transactions contemplated hereby has been concluded, and CFIUS shall have determined that there are no unresolved national security concerns with respect to the transactions contemplated hereby, and advised that action under Section 721 of the DPA, and any investigation related thereto, has been concluded with respect to the transactions contemplated hereby; (ii) CFIUS shall have concluded that the transactions contemplated hereby are not covered transactions and are not subject to review under Section 721 of the DPA; or (iii) CFIUS shall have sent a report to the President of the United States (the “President”) requesting the President’s decision on the notice and either (1) the period under Section 721 of the DPA during which the President may announce his decision to take action to suspend or prohibit the transactions contemplated hereby shall have expired without any such action being announced or taken or (2) the President shall have announced a decision not to take any action to suspend or prohibit the transactions contemplated hereby.

  • Works Approval means this Works Approval numbered W5813/2015/1 and issued under the Act; and

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Product in the Collaborator Territory, but excluding any Pricing and Reimbursement Approval.