Assuming Bank definition

Assuming Bank has the meaning specified in Section 2.6(d).

Assuming Bank means, at any time, an Eligible Assignee not at such time a Lender hereunder pursuant to Section 2.22.

Assuming Bank has the meaning set forth in Section 2.18(c).

Examples of Assuming Bank in a sentence

• The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense.

• The Assuming Bank shall give notice to the Receiver within the option period of its election to accept or not to accept an assignment of any or all leases (or enter into subleases or new leases in lieu thereof).

• At the direction of the Receiver or the Corporation, the Assuming Bank shall return all or any portion of such deposit balance to the Receiver or the Corporation, as appropriate, and thereupon the Assuming Bank shall be discharged from any further liability to such depositor with respect to such returned deposit balance.

• In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming Bank.

• The Assuming Bank shall be obligated to reimburse the Corporation or the Receiver, as the case may be, for the amount of any deposit balance or portion thereof paid by the Assuming Bank in contravention of any previous direction to withhold payment of such deposit balance or return such deposit balance the payment of which was withheld pursuant to this Section.

More Definitions of Assuming Bank

Assuming Bank has the meaning assigned to such term in Section 2.21(d).

Assuming Bank has the meaning specified in Section 2.9(c).

Assuming Bank shall have the meaning provided in the recitals on page one of this Agreement.

Assuming Bank shall have the meaning provided in Section 1.14.

Assuming Bank shall have the meaning assigned to such term in Section 2.12 hereof.

Assuming Bank means any Person not previously a Bank that becomes a Bank hereunder pursuant to Section 2.09(d).

Assuming Bank. CIBC [Asia] Ltd., in its capacity as Assuming Bank under this Agreement.