Xxxxxx Xxx Bank definition
Examples of Xxxxxx Xxx Bank in a sentence
SLM BankCo shall contribute all of the outstanding capital stock of Private ServiceCo to Xxxxxx Mae Bank, such that Private ServiceCo becomes a wholly owned Subsidiary of Xxxxxx Xxx Bank.
Subject to the application of Xxxxxx Xxx Bank and FDIC rules and regulations to each Account Owner, funds in the Savings Portfolio will retain their value as described below under “FDIC Insurance.” Except for the Savings Portfolio, investments in the iShares 529 Plan are not insured by the FDIC.
The HYSA is held in an omnibus high yield savings account insured (as described below) by the FDIC, which is held in trust by the Committee at Xxxxxx Xxx Bank.
The HYSA APY will be reviewed by Xxxxxx Xxx Bank on a periodic basis and may be recalculated as needed at any time.
Assume, for the moment, that the rate at which limit orders are filled is known as a function of order volume and market activity.
The FDIC-Insured Portfolio option allows you to invest in the Savings Portfolio, which invests 100% of its assets in a FDIC-insured high yield savings account held in trust by the Committee at Xxxxxx Xxx Bank.
You may allocate Contributions to one or more of the iShares 529 Plan’s Portfolios managed by BFA or Xxxxxx Xxx Bank.
The amount of FDIC insurance provided to an Account Owner is based on the total of: (a) the value of an Account Owner’s investment in the Savings Portfolio; and (b) the value of all other accounts held by the Account Owner at Xxxxxx Xxx Bank, as determined by Xxxxxx Xxx Bank and FDIC regulations.
On [—], 2014, Existing SLM contributed 100% of the membership interests in RE 3 and 100% of the stock of RE Services 5, Inc., a Delaware corporation (“RE 5”), to Xxxxxx Xxx Bank, such that each of RE 3 and RE 5 is a wholly owned Subsidiary of Xxxxxx Mae Bank.
On April 28, 2014, Existing SLM contributed 100% of the membership interests in RE 3 and 100% of the stock of RE Services 5, Inc., a Delaware corporation (“RE 5”), to Xxxxxx Mae Bank, such that each of RE 3 and RE 5 is a wholly owned Subsidiary of Xxxxxx Xxx Bank.