Ally Bank definition
Ally Bank. The meaning specified in the Preamble.
Ally Bank means Ally Bank, a Utah chartered bank, and its permitted successors and assigns.
Ally Bank means AFI’s indirect banking subsidiary (f/k/a GMAC Bank), a commercial state chartered bank regulated by the FDIC and the State of Utah.
Examples of Ally Bank in a sentence
Any resignation by Ally Bank as Administrative Agent shall also constitute its resignation as Swingline Lender unless otherwise expressly provided in writing by Ally Bank.
Notwithstanding anything contained in this Agreement to the contrary, Ally Bank shall not need prior consent of theany Borrower or any other party hereto to consolidate with or merge into any Person or convey or transfer substantially all of its properties and assets, including as part of such a transaction all or substantially all of its Advances, Commitments and Notes, to any Person.
More Definitions of Ally Bank
Ally Bank means, collectively, (i) IB Finance Holding Company, (ii) Ally Bank, formerly known as GMAC Bank and (iii) any successor thereto.
Ally Bank. The meaning specified in the Preamble. “Amended Assigned Value”: With respect to a Loan, the value of such Loan as determined by the Administrative Agent pursuant to clause (a)(iii) of the definition of Assigned Value. “Anti-Corruption Laws”: The Applicable Law in any jurisdiction that relates to anti-bribery or anti-corruption laws, regulations or ordinances, including the U.S. Foreign Corrupt Practices Act of 1977, as amended; and the U.K. Bribery Act 2010, as amended. “Anti-Money Laundering Laws”: The Applicable Law in any jurisdiction that relates to money laundering or terrorism financing, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto. “Applicable Collateral Value”: With respect to (a) Eligible Loans (other than Recurring Revenue Loans) relating to (i) Tier 3 Obligors, eighty-five percent (85.00%), (ii) Tier 2 Obligors, ninety-two and one-half percent (92.50%), and (iii) Tier 1 Obligors, one hundred percent (100.00%), and (b) Recurring Revenue Loans, eighty-five percent (85.00%). “Applicable Law”: For any Person or property of such Person, all existing and future laws, rules, regulations, statutes, treaties, codes, ordinances, permits, certificates, orders and licenses of and interpretations by any Governmental Authority which are applicable to such Person or property of such Person (including, without limitation, predatory and abusive lending laws; laws, rules and regulations relating to licensing, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy; usury laws; truth in lending laws (including the Federal Truth in Lending Act); and Regulation Z and Regulation B of the -5- [Willow Tree BDC] Amended and Restated Loan, Security and Collateral Management Agreement #506694681
Ally Bank the meaning set forth in the preamble to this Agreement.
Ally Bank. The meaning specified in the Preamble. “Amended Assigned Value”: With respect to a Loan, the value of such Loan as determined by the Administrative Agent pursuant to clause (a)(iii) of the definition of Assigned Value. “Anti-Corruption Laws”: The Applicable Law in any jurisdiction that relates to anti-bribery or anti-corruption laws, regulations or ordinances, including the U.S. Foreign Corrupt Practices Act of 1977, as amended; and the U.K. Bribery Act 2010, as amended. -4- [Willow Tree II] Loan, Security and Collateral Management Agreement #183807612
Ally Bank. By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Authorized Representative Date: 1/19/2024 Vroom Automotive, LLC By: Title: Chief Financial Officer Date: 1/19/2024
Ally Bank means Ally Bank.