Suspends payments definition

Suspends payments with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.
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Suspends payments with respect to a bank means that it has
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Suspends payments with respect to a bank means
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Examples of Suspends payments in a sentence

  • A settlement may be either provisional or final; (12) "Suspends payments" with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • Suspends payments' with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over over, or that it ceases or refuses to make payments in the ordinary course of business.

  • Sender." Section 4A.103.(c) The following definitions in Chapter 4 apply to this chapter:(1) "Clearinghouse." Section 4.104.(2) "Item." Section 4.104.(3) "Suspends payments." Section 4.104.(d) In addition, Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.Added by Acts 1993, 73rd Leg., ch.

  • Suspends payments'' with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • A settlement may be either provisional or final; (((12))) (l) "Suspends payments" with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • A settlement may be either provisional or final; (m) "Suspends payments" with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.


More Definitions of Suspends payments

Suspends payments with respect to a bank means that it has been closed by order of the
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Suspends payments with respect to a bank means that it has been closed by order
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Suspends payments with respect to a bank means that
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Related to Suspends payments

  • Suspend or "suspension" means that the document or privilege suspended has been temporarily

  • Payments has the meaning set forth in Section 8.11.

  • Performing Non-Cash Pay High Yield Securities means Performing High Yield Securities other than Performing Cash Pay High Yield Securities.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Current Pay Obligation means a Collateral Debt Obligation that would otherwise be a Defaulted Obligation, but as to which:

  • Ordinary Cash Dividends means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).