ASBD definition
Examples of ASBD in a sentence
Agencies Shall mean, collectively, the Federal Trade Commission, the United States Department of Justice, the Board of the Governors of the Federal Reserve System, the FDIC, the ASBD, all state regulatory agencies having jurisdiction over the Parties and their respective Subsidiaries, HUD, the VA, the FHA, the GNMA, the FNMA, the FHLMC, the NYSE, and the SEC.
Prior to the Closing, subject to approval of the ASBD for FUSB to pay a dividend to Parent in the amount of the Transaction Cash (the “Funding Dividend”), Parent will have sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Transaction Consideration and consummate the Transaction.
The initial submission of the application to the ASBD occurred on March 14, 2024.
Among other things, the ASBD will consider the financial strength, including capital, of Southern States Bank following the merger.
Neither the Company nor any of the Persons identified in Section 2.1(c) of the Company Disclosure Letter owns any capital stock of, or any Equity Interest of any nature in, any other Person, other than the Persons identified in Section 2.1(c) of the Company Disclosure Letter.
They advocate that the Panel should, essentially, ignore that the ASBD Program is an incentive that is permitted under Chapter Six, and make a finding that it is not compliant with the AIT.
Southern States is subject to examination, regulation and supervision by the Federal Reserve under the Bank Holding Company Act of 1956, as amended, as well as the ASBD.
Under Alabama state law, Southern States Bank must file an application with the ASBD for approval of the subsidiary bank merger.
Neither the Complainant nor Saskatchewan dispute that the ASBD Program is an incentive that complies with Chapter Six.
Each of such parties agrees to consult with the other with respect to obtaining all necessary consents and approvals of third parties, including the FRB and the ASBD, necessary to consummate the transactions contemplated hereby and by any other Transaction Document and to keep the other apprised of the status regarding such applications, notices or other approvals required to consummate the transactions contemplated hereby.