Banking Premises definition
Examples of Banking Premises in a sentence
BNY and its Subsidiaries shall maintain in effect from the date hereof until the Closing Date, all property, liability, fire and casualty insurance in effect as of the date hereof, on substantially the same terms as currently in effect, with regard to the Owned Banking Premises and the Leased Banking Premises, including the structures, leasehold improvements and fixed assets relating to the Banking Branches.
Neither BNY nor any of its Subsidiaries has received any notice that there has been any failure to comply with Environmental Laws applicable to any Owned Banking Premises or Leased Banking Premises, and with respect to any facilities, improvements, operations, and activities conducted by BNY or any of its Subsidiaries on such premises except any such notice with respect to a failure to comply which has been fully remedied.
Provided, however, in the case of Theft, the Theft was committed by a person physically present in the Premises or Banking Premises at the time of loss of such Cash or Securities.
BNY and its Subsidiaries have and will upon receipt of all required consents, assign to JPM, the Banking Leases, and has and will upon receipt of all consents set forth on Schedule 8.21(c), convey to JPM and its Subsidiaries on the Closing Date, a valid leasehold interest in the Leased Banking Premises or, to the extent applicable, licenses with respect thereto, subject only to Permitted Liens.
The Insurer shall pay for loss resulting directly from the use of any computer to impersonate the Insured, or the Insured’s authorized officer or Employee, to gain direct access to the Insured’s computer system, or to the computer system of the Insured’s financial institution, and thereby fraudulently cause the transfer of Money, Securities or Other Property from the Insured’s Premises or Banking Premises to a person, entity, place or account outside of the Insured’s control.