Examples of Signature Bank in a sentence
All funds received by the Escrow Agent shall be invested only in non-interest bearing bank accounts at Signature Bank.
Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Signature Bank shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement.
All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at Signature Bank.
Subsequent to February 28, 2023, the Federal Deposit Insurance Corporation (FDIC), was appointed receiver for SVB Financial Group and Signature Bank and as a result both institutions were closed and trading in the equity markets was halted.
The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Signature Bank or any other Lender under the Credit Agreement or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically set forth herein.
By operation of law, FDIC as Receiver of Signature Bank assumed from the closed Signature Bank the Transferred Assets (as defined below).
Similarly, on March 12, 2023, Signature Bank and Silvergate Capital Corp.
The funds shall be deposited into a non interest-bearing account at Signature Bank entitled “BioLife Solutions, Inc., Signature Bank as Escrow Agent” (the “Escrow Account”).
The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Signature Bank under the Credit Agreement or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically set forth herein.
Subsequent to December 31, 2022, the Federal Deposit Insurance Corporation (FDIC), was appointed receiver for SVB Financial Group and Signature Bank and as a result both institutions were closed and trading in the equity markets was halted.