Appropriate Supervisory Authority definition

Appropriate Supervisory Authority means the National Credit Union Administration in the case of credit unions chartered under the Federal Credit Union Act and the appropriate State Supervisory Authority along with the National Credit Union Administration, where applicable, in the case of state-chartered credit unions whose share accounts are insured by the National Credit Union Share Insurance Fund.
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Examples of Appropriate Supervisory Authority in a sentence

  • From the Signing Date until the date on which all of the Senior Subordinated Securities have been redeemed in whole, the Credit Union and the Credit Union Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Supervisory Authority, as in effect from time to time.

  • The indebtedness evidenced by this Senior Subordinated Security is, to the extent provided in the Agreement, subordinate and junior in right of payment to all deposit liabilities of the Credit Union and to the Credit Union’s debt obligations to its general and secured creditors, unless such debt obligations are explicitly made pari passu or subordinated to the Senior Subordinated Securities, in accordance with regulations of the Appropriate Supervisory Authority, if applicable.

  • The Credit Union further acknowledges and agrees that the Investor may inform the Appropriate Supervisory Authority of the Credit Union’s apparent noncompliance.

  • SCHEDULE A ADDITIONAL TERMS AND CONDITIONS Name of the Credit Union: Liberty County Teachers Federal Credit Union Organizational Form: Credit Union Jurisdiction of Organization: County of Liberty, Texas Appropriate Supervisory Authority: National Credit Union Administration Notice Information: ▇▇▇▇▇▇▇▇ ▇.

  • Notwithstanding any such waiver pursuant to this Section 6.14(c), the Credit Union’s interest payments must adhere to any distribution or interest payment limitations set forth by the Credit Union’s Appropriate Supervisory Authority.