Operation of the Bank. 1. Two (2) sick leave days (non-refundable) are donated to the bank by each member at the beginning of the first year of membership. The member will have the two days deducted from his/her personally accumulated sick leave on the day he/she joins the bank.
Operation of the Bank. 11.2.1 The Catastrophic Leave Bank shall accumulate Sick Days via the contributions of its Participants and of the District and shall dispense Sick Days in the manner and amount determined by the Committee to Participants who experience catastrophic illness, disease, or injury.
Operation of the Bank. A. Mitigation Service Area (MSA): The bank is established to provide compensatory mitigation to compensate for impacts to waters of the State and United States, including wetlands, within the Breakfast Point basin of the geographic area covered by the RGP area. The MSA for the Breakfast Point Mitigation Bank is located within Bay County as shown in Exhibit A-1-1.
Operation of the Bank. Upon application, the awarding of days granted to a participating member by the sick leave bank committee shall be subject to the following conditions:
Operation of the Bank. The Bank will conduct its operations in the Ordinary Course of Business as conducted as of the Agreement Date, except for activities related to the Merger or for which Landmark has given consent. In addition, the Bank shall:
Operation of the Bank. The Bank shall operate as a separately chartered subsidiary of Heritage until at least December 31, 2003 unless the boards of Heritage and/or the Bank in the exercise of their fiduciary duties determine to combine the Bank with a subsidiary of Heritage prior to or following such date.
Operation of the Bank. Except as contemplated by or permitted by this Agreement, as required by applicable Legal Requirement, or with the prior written consent of Acquiror, which shall not be unreasonably withheld, conditioned or delayed, during the period from the date of this Agreement to the earlier of the Closing Date or the termination of this Agreement pursuant to its terms, the Company shall, and shall cause each of its Subsidiaries to:
Operation of the Bank in the Ordinary Course of Business. Between the date hereof and the time of Closing, the business of the Company and the Bank shall be operated and conducted only in the ordinary course, including but not limited to compliance with the Bank's internal lending policy and procedures, including standards of credit worthiness, security requirements and lending limits; the Bank shall continue to accrue interest on loans and charge off loans in accordance with its past practice and in accordance with GAAP and regulatory requirements; the Bank shall continue to operate and price deposit offerings in a reasonable manner as it has done over time in the ordinary course of business; and the Company shall use its best efforts to operate and preserve the business, assets, liabilities and organization of the Bank. Without limiting the generality of the foregoing, except as specifically authorized or required in this Agreement, the Company and the Bank shall not request or accept any change in capital stock or structure and shall not, without the written consent of Buyer (which consent shall not be unreasonably withheld or delayed): incur additional borrowings from the Federal Home Loan Bank other than short term borrowings with a term not to exceed one year; hire additional personnel; acquire or dispose of material assets other than in the ordinary course of business; extend or renew loans or advance additional sums to a borrower whose loans, in whole or in part, have been classified or listed as special mention by any regulatory authority or are on the Bank's watch list; make loans other than in accordance with the Bank's current loan policies; make or commit to make any new loan or new letter of credit or any new or additional advance under any existing line of credit (other than any advance which it is obligated to make pursuant to contracts to lend money in effect on the date of this Agreement), (i) in principal amounts in excess of Ten Thousand Dollars ($10,000) for an unsecured loan, Fifty Thousand Dollars ($50,000) for a secured commercial loan and Two Hundred Thousand Dollars ($200,000) for a first-mortgage, secondary market qualified loan secured by owner-occupied residential real estate or (ii) with respect to any residential mortgage loan which does not meet the qualifications for resale on the secondary market; sell investment securities prior to maturity; or purchase investment securities, except that Buyer's consent shall not be required for the purchase o...
Operation of the Bank. Except with the prior written consent of Landmark, between the Agreement Date and the Closing, the Bank will, and Wellsville shall cause the Bank to:
Operation of the Bank. Except with the prior written consent of Acquiror, between the Agreement Date and the Closing, the Bank will:
