FirstBank Clause Samples
FirstBank. The Company owns all the outstanding shares of capital stock of FirstBank. FirstBank is a commercial bank duly organized and validly existing under the laws of the Commonwealth of Puerto Rico and is duly licensed by the OCFI. The deposits of FirstBank are insured by the FDIC to the fullest extent permitted in the Federal Deposit Insurance Act and the rules and regulations of the FDIC thereunder, and all premiums and assessments required to be paid in connection therewith have been paid when due.
FirstBank. Flow Mortgage Loan Purchase and Sale Agreement, dated as of July 1, 2012, between RRAC and FirstBank, as amended by the Assignment of Representations and Warranties Agreement, dated March 21, 2013, by and among RRAC, Sequoia, the Trustee, and FirstBank (the “FisrtBank Agreement”).
FirstBank. By: /s/ ▇▇▇▇ ▇. ▇▇▇ ▇▇