Assuming Bank definition

Assuming Bank has the meaning specified in Section 2.6(d).

Assuming Bank has the meaning set forth in Section 2.18(c).

Assuming Bank means, at any time, an Eligible Assignee not at such time a Lender hereunder pursuant to Section 2.22.

Examples of Assuming Bank in a sentence

• The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense.

• The Assuming Bank shall administer and manage any Asset subject to purchase by the Receiver in accordance with usual and prudent banking standards and business practices until such time as such Asset is purchased by the Receiver.

• Subject to Section 2.2, the Assuming Bank agrees to honor the terms and conditions of any written escrow or mortgage servicing agreement or other similar agreement relating to a Deposit liability assumed by the Assuming Bank pursuant to this Agreement.

• At the direction of the Receiver or the Corporation, the Assuming Bank shall return all or any portion of such deposit balance to the Receiver or the Corporation, as appropriate, and thereupon the Assuming Bank shall be discharged from any further liability to such depositor with respect to such returned deposit balance.

• In the event any depositor does not accept the obligation of the Assuming Bank to pay any Deposit liability of the Failed Bank assumed by the Assuming Bank pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Bank agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Bank at the time such claim is made.

More Definitions of Assuming Bank

Assuming Bank means, at any time, an Eligible Assignee not at such time a Lender hereunder pursuant to Section 2.12.

Assuming Bank has the meaning assigned to such term in Section 2.21(d).

Assuming Bank shall have the meaning provided in the recitals on page one of this Agreement.

Assuming Bank has the meaning specified in Section 2.9(c).

Assuming Bank shall have the meaning assigned to such term in Section 2.12 hereof.

Assuming Bank shall have the meaning provided in Section 1.14.

Assuming Bank. CIBC [Asia] Ltd., in its capacity as Assuming Bank under this Agreement.