FDIC Approval Sample Clauses
The FDIC Approval clause requires that certain actions or agreements are contingent upon receiving approval from the Federal Deposit Insurance Corporation (FDIC). In practice, this means that transactions such as mergers, acquisitions, or significant changes involving a bank cannot proceed until the FDIC has formally reviewed and authorized the action. This clause ensures regulatory compliance and protects both parties by preventing unauthorized or non-compliant activities, thereby reducing legal and financial risks associated with unapproved transactions.
FDIC Approval. The first to occur of (a) the date thirty days following the date of the order of the Federal Deposit Insurance Corporation (the "FDIC") approving the Bank Merger, or (b) if, pursuant to section 321(b) of the ▇▇▇▇▇▇ Act, the FDIC shall have prescribed a shorter period of time with the concurrence of the Attorney General of the United States, the date on which such shorter period of time shall elapse; or
FDIC Approval. The Banks have been invited by the FDIC to participate in transactions involving failed financial institutions. As of the date hereof, to the Knowledge of the Company, neither the Company nor either of the Banks has received any notice or other communication from the Regulatory Authorities that it will not be eligible to participate in such transactions in the future.
FDIC Approval. The FDIC may approve, subject to any conditions or commitments the FDIC may set, a proposal by a covered FSI under paragraph (b) of this section if the proposal, as compared to a covered QFC that contains only the limited exemptions in paragraphs of (e), (g), and (i) of § 382.4 or that is amended as provided under paragraph (a) of this section, would promote the safety and soundness of covered FSIs by mitigating the potential destabilizing effects of the resolution of a global significantly important banking entity that is an affiliate of the covered FSI to at least the same extent.
FDIC Approval. Notwithstanding anything in this Agreement to the contrary, no Stockholder shall Transfer any Company Securities or take any other action if such Transfer or action would require the approval of the FDIC under any agreement or approvals of the FDIC with respect to a loss sharing arrangement between or among the Bank and/or the Company and the FDIC, unless such consent is obtained on terms and conditions reasonably satisfactory to the Company.