Examples of Banking Act in a sentence
In addition to its rights under Section 2(e) above, the Corporation reserves the right to suspend and/or temporarily prohibit Executive from participating in the conduct of the Corporation’s affairs if the Corporation receives an order or notice of charges against Executive served pursuant to the Federal Deposit Insurance Act, the Fair Hiring in Banking Act, or other federal or state statute or regulation which requires the Corporation to suspend or terminate Executive.
The Banking Act provides that, in the event an ADI becomes unable to meet its obligations or suspends payment, the ADI's assets in Australia are available to meet specified liabilities of the ADI in priority to all other liabilities of the ADI (including the PR Debt Instruments).
SCHEDULE 1 - DEFINITIONS AND INTERPRETATION 1 Dictionary Unless the contrary intention appears: Australian Standard means the Australian Standard AS ISO 10002-2006 as amended and updated from time to time; bank means an authorised deposit taking institution within the meaning of the Banking Act 1959 (Cwlth).
Macquarie Bank is an “authorised deposit-taking institution” (“ADI”) as that term is defined under the Banking Act 1959 (Cth) of Australia (the“Banking Act”).
A foreign bank (as defined in section 1(b)(7) of the International Banking Act of 1978), that: (i) operates a branch, agency, or commercial lending company subsidiary in the United States; (ii) controls a bank in the United States; or (iii) controls an Edge corporation acquired after March 5, 1987; and (2) any company of which the foreign bank is a subsidiary.