Banking Liabilities definition

Banking Liabilities means (i) any deposits with Cole ▇▇▇▇▇▇ or funds collected by Cole ▇▇▇▇▇▇, (▇i) any banker's acceptance credit of Cole ▇▇▇▇▇▇, (▇ii) any check, note, certificate of deposit, money order, letter of credit, travelers check, draft or bill ▇▇ exchange issued, accepted or endorsed by Cole ▇▇▇▇▇▇, (▇v) any discount with, borrowing from, or other obligation to, any Federal Reserve Bank, (v) any agreement made by Cole ▇▇▇▇▇▇ ▇▇ purchase or repurchase securities, loans or federal funds or any interest or participation in any thereof, (vi) any guarantee or similar obligation incurred by Cole ▇▇▇▇▇▇ ▇▇ such circumstances as may be incidental or usual in carrying on the banking or trust business of a bank or trust company, (vii) any transaction in the nature of an extension of credit, whether in the form of a commitment or otherwise, undertaken by Cole ▇▇▇▇▇▇ ▇▇▇ the account of a third party with the application of the same banking considerations and legal lending limits that would be applicable if the transaction were a loan to such party, (viii) any transaction in which Cole ▇▇▇▇▇▇ ▇▇▇s solely in a fiduciary or agency capacity, (ix) any obligation of Cole ▇▇▇▇▇▇ ▇▇ account of any loans from the Federal Deposit Insurance Corporation which may or may not be secured by any assets of Cole ▇▇▇▇▇▇; ▇▇d (x) any Lien, in favor of a public or governmental authority, upon securities guaranteed by agencies and instrumentalities of the federal government held by Borrower or any Subsidiary equal in market value to the amount by which the funds deposited by such public or governmental authority with Cole ▇▇▇▇▇▇ exceeding the federally insured amount of such deposits and any Lien arising in connection with any commercial repurchase agreement entered into the normal course of business by Borrower or a Subsidiary.

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Banking Liabilities means (i) any deposits with any Bank Subsidiary or funds collected by any Bank Subsidiary, (ii) any banker’s acceptance credit of any Bank Subsidiary, (iii) any check, note, certificate of deposit, money order, letter of credit, travelers check, draft or ▇▇▇▇ of exchange issued, accepted or endorsed by any Bank Subsidiary, (iv) any discount with, borrowing from, or other obligation to, any Federal Reserve Bank, (v) any agreement made by any Bank Subsidiary to purchase or repurchase securities, loans or federal funds or any interest or participation in any thereof, (vi) any guarantee or similar obligation incurred by any Bank Subsidiary in such circumstances as may be incidental or usual in carrying on the banking or trust business of a bank or trust company, (vii) any transaction in the nature of an extension of credit, whether in the form of a commitment or otherwise, undertaken by any Bank Subsidiary for the account of a third party with the application of the same banking considerations and legal lending limits that would be applicable if the transaction were a loan to such party and (viii) any transaction in which any Bank Subsidiary acts solely in a fiduciary or agency capacity.

Banking Liabilities means (i) any deposits with ▇▇▇▇ ▇▇▇▇▇▇ or funds collected by Cole Taylor, (ii) any banker's acce▇▇▇▇▇▇ ▇▇▇▇it of Cole Taylor, (iii) ▇▇▇ ▇▇▇▇▇, note, certificate of deposit, money ord▇▇, ▇▇▇▇▇▇ of credit, travelers check, draft or bill of exchange issued, accepted or endorsed by Cole Taylor, (iv) an▇ ▇▇scount with, borrowing from, or other obligat▇▇▇ ▇▇, ▇▇▇ Federal Reserve Bank, (v) any agreement made by Cole Taylor to purchase or repurchase securities, loans or federal fu▇▇▇ ▇▇ ▇▇▇ interest or participation in any thereof, (vi) any guarantee or similar obligation incurred by Cole Taylor in such circumstances as may be incidental or usual in ca▇▇▇▇▇▇ ▇▇ ▇he banking or trust business of a bank or trust company, (vii) any transaction in the nature of an extension of credit, whether in the form of a commitment or otherwise, undertaken by Cole Taylor for the account of a third party with the application of ▇▇▇ ▇▇▇▇ ▇▇nking considerations and legal lending limits that would be applicable if the transaction were a loan to such party, (viii) any transaction in which Cole Taylor acts solely in a fiduciary or agency capacity, (ix) any o▇▇▇▇▇▇▇▇▇ ▇f Cole Taylor on account of any loans from the Federal Deposit Insuranc▇ ▇▇▇▇▇▇▇▇▇on which may or may not be secured by any assets of Cole Taylor; and (x) any Lien, in favor of a public or governmental a▇▇▇▇▇▇▇▇, ▇pon securities guaranteed by agencies and instrumentalities of the federal government held by Borrower or any Subsidiary equal in market value to the amount by which the funds deposited by such public or governmental authority with Cole Taylor exceeding the federally insured amount of such deposits a▇▇ ▇▇▇ ▇▇▇▇ arising in connection with any commercial repurchase agreement entered into the normal course of business by Borrower or a Subsidiary.

Examples of Banking Liabilities in a sentence

JPM shall pay or cause to be paid, shall be liable for, and shall indemnify, defend and hold BNY and their Affiliates harmless from and against any and all Taxes relating to the Purchased Banking Assets or the Assumed Banking Liabilities other than Excluded Banking Taxes that are the responsibility of BNY under the immediately preceding sentence.
All real and personal property, use and other Taxes imposed on a time basis with respect to the Assumed Purchased Banking Assets and Assumed Banking Liabilities shall be pro rated between JPM, on the one hand, and BNY, on the other hand, in the same manner based on the full amount of the Tax for the relevant period, unless such amount is not reasonably ascertainable, in which case the full amount of the Tax for the prior period shall be used.
JPM shall be entitled to any refunds or credits of or against any Taxes relating to the Purchased Banking Assets or the operation of the Banking Business or the Assumed Banking Liabilities, other than refunds or credits of or against Excluded Banking Taxes that are the responsibility of BNY under Section 14.1(b).
There are no material and uncured or unremedied deficiencies with respect to or affecting the Banking Business, or the Purchased Banking Assets and Assumed Banking Liabilities being acquired in connection therewith.
Notwithstanding the foregoing, the Purchasers do not undertake any social liabilities except for the Assumed Banking Liabilities for the Maximum Amount of the Assumed Banking Liabilities, and the Deducted Liabilities for the causes and amounts indicated in Annex 1.03 (d).
Section 4.6(a) Applicable Purchased Assets..................................Section 4.6(a) Assigned Banking Loans....................................Section 3.1(a)(5) Assumed Banking Agreements................................Section 3.1(a)(7) Assumed Banking Liabilities...............................
BNY will continue to handle and process after the Closing all civil and criminal subpoenas, IRS summons, court-ordered or governmental/regulatory demands for documentation or information (collectively referred to as "Subpoenas") served on BNY prior to Closing which relate to Purchased Banking Assets or Assumed Banking Liabilities.
For a period of six months after the Closing Date, civil Subpoenas served on BNY after the Closing Date that relate to Purchased Banking Assets or Assumed Banking Liabilities will be returned to the issuer with an appropriate letter notifying the issuer of the recent acquisition by JPM of certain BNY assets.
Section 4.6(a) Applicable Purchased Assets.......................................Section 4.6(a) Assigned Banking Loans.........................................Section 3.1(a)(5) Assumed Banking Agreements.....................................Section 3.1(a)(7) Assumed Banking Liabilities....................................
The amounts exceeding the Maximum Assumed Banking Liabilities Amount, including to such effects capital, interests, fines and every concept in general derived from such debts, adjust and reduce the Payment upon closing in the exceeded amount (the “Adjustment for Excess of the Maximum Amount of Assumed Banking Liabilities”).