State Banking Authority definition
Examples of State Banking Authority in a sentence
At all times during which the Seller has extended or serviced the Loans, the SBA 750 Authority, SBA PLP Authority and Connecticut BIDCO Authority have been valid and in full force and effect and neither the Seller nor Medallion has been advised by the SBA or the Connecticut State Banking Authority of any administrative action challenging the validity, full force or effect of such authority.
To the extent required by applicable law or regulation, the OTS, the State Banking Authority, the FDIC and/or such other state or federal agencies whose approval of the transactions contemplated by this Agreement is so required, shall have approved or authorized all of the transactions contemplated by this Agreement.
To IBC's knowledge there are no threatened or pending actions, proceedings or allegations by any person or regulatory agency which may cause the OTS, the State Banking Authority or the FDIC to deny any application required to be filed pursuant to Section 8.1.
Other than the approval of the OTS and the State Banking Authority, as well as any applicable approval of the FDIC, and subject to the expiration of any applicable waiting period, no consent, approval or authorization of any federal or state governmental authority or agency is required for the execution, delivery and performance by IBC of this Agreement and the consummation by it of the transactions contemplated hereby.
Other than the approval of the OTS and the State Banking Authority, as well as any applicable approval or consent of the FDIC, and subject to the expiration of any applicable waiting period, no consent, approval or authorization of any federal or state governmental authority or agency is required for the execution, delivery and performance by Home Savings of this Agreement and the consummation by it of the transactions contemplated hereby.
Except as set forth on SCHEDULE 3.20, to Home Savings' knowledge there are no threatened or pending actions, proceedings or allegations by any person or regulatory agency which may cause the OTS, the State Banking Authority or the FDIC to deny any application required to be filed pursuant to Section 8.1.
IBC is not subject to any order or ruling directed to it by, or memorandum of understanding with, any governmental agency, including the State Banking Authority and the FDIC.
IBC has ------------------------------------ conducted and is conducting its business in all material respects in compliance with all federal and state laws and regulations, including, without limitation, all regulations, orders, and opinions of the State Banking Authority and the FDIC.
IBC is duly authorized to conduct a banking business and, upon receipt of the approval of the State Banking Authority and the FDIC, will be duly authorized to operate each of the Branches.