Seller Bank definition
Seller Bank has the meaning set forth in the Recitals to this Agreement.
Seller Bank has the meaning set forth in the Preamble.
Seller Bank is defined in the recitals hereto.
Examples of Seller Bank in a sentence
The Seller Parties and the Purchaser agree that the closing of the Transactions (the “Closing”) shall take place at the offices of Seller Bank, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇, ▇▇.
Within ten (10) Business Days after receipt by the Seller Bank or the Purchaser of any payment of accrued interest or servicing fees subject to proration hereunder, the recipient shall pay to the other Party its share of the payment received by wire transfer of immediately available funds.
The OCC shall have communicated to Seller Bank the OCC’s non-objection to the consummation of the Transaction (the “OCC Non-Objection”).
Except as reflected in the Loan Files delivered to the Purchaser at or prior to the Closing, the Seller Bank has not released or satisfied any Lien on Collateral.
The Purchaser shall have paid the Purchase Price to the Seller Bank pursuant to Section 3.1(c).
More Definitions of Seller Bank
Seller Bank means MUFG Bank, Ltd.
Seller Bank shall have the meaning ascribed thereto in the recitals.
Seller Bank means Spirit of Texas Bank SSB, a state savings bank under the laws of Texas and a wholly owned Seller Subsidiary.
Seller Bank means Bridgeport Savings and Loan Association, an Ohio-chartered savings and loan association and wholly owned subsidiary of Seller.
Seller Bank means Pennwood Savings Bank, a Pennsylvania-chartered savings bank and wholly owned subsidiary of Seller.
Seller Bank means MUFG Bank, Ltd. “Seller Benefit Plan” means each Employee Plan with respect to which the Sellers or any of their respective Subsidiaries (other than the Bank or the Transferred Subsidiaries) maintains, or sponsors, in each case, for the benefit of any Business Employee, excluding, in each case, any Multiemployer Plan. “Seller Holdco” has the meaning set forth in the Preamble. “Seller Indemnified Party” has the meaning set forth in Section 8.1(c). “Seller Marks” has the meaning set forth in Section 5.11(a). “Seller Tax Period” means any taxable period ending on or before the Closing Date and, with respect to a Straddle Period, the portion of such taxable period ending on and including the Closing Date. “Seller Tax Return” has the meaning set forth in Section 5.9(b). “Sellers’ Disclosure Schedule” has the meaning set forth in ARTICLE 3. “Sellers’ Fundamental Warranties” means, with respect to the representations and warranties set forth in Section 3.1 (Organization, Standing and Authority), Section 3.2 (Capital Structure) (other than the last sentence of Section 3.2(a)), Section 3.3 (Subsidiary Equity Holdings) and Section 3.4 (Corporate Authorization and Binding Effect) and, solely for purposes of Section 8.1, Section 3.12 (No Brokers). “Shared Software” means all software, firmware and middleware (in each case, in object code and source code) owned by the Bank or any of the Transferred Subsidiaries and used in the businesses of the Seller and its Affiliates (other than the Bank and the Transferred Subsidiaries, but including (i) the businesses conducted by the Bank and the Subsidiaries described in Schedule 4 attached hereto, and (ii) the Excluded Assets and Liabilities). “Shares” has the meaning set forth in the Recitals. “Special Dividend Amount” means an amount equal to the maximum amount approved by the OCC for the declaration and payment of a dividend by the Bank or any other return of, or reduction in, the Bank’s capital in connection with the consummation of the Transactions; provided that (a) the Special Dividend Transaction shall not result in the Estimated Closing TBV being more than the Maximum Closing TBV and (b) if the Special Dividend Transaction would result in the Estimated Closing TBV being less than the Target Closing TBV, then the Special Dividend Amount shall be reduced to an amount so that the Special Dividend Transaction would result in the Estimated Closing TBV being equal to the Target Closing TBV. “Special Dividend Approval” ...
Seller Bank to Buyer's system of electronic data processing. In furtherance of the foregoing, Seller shall cause Seller Bank to make reasonable arrangements during normal business hours to permit representatives of Buyer to train Seller Bank employees in Buyer's system of electronic data processing.