Banking Subsidiary means any Subsidiary of the Company which is a bank or thrift organized under the laws of the United States of America or any state thereof.
Banking Subsidiary means a subsidiary of the Issuer having as its principal business the business of banking (which shall be deemed to include the business of term deposit-taking or merchant banking) or any banking activity which is, at the relevant time, generally recognised as an integral part of the business of banking.
Banking Subsidiary means, collectively, (i) CIT Bank and any other chartered or licensed banking institution that is authorized to take deposits and a Subsidiary of Borrower from time to time, and (ii) any Subsidiary of a Person described in clause (i).
Examples of Banking Subsidiary in a sentence
If the Substituted Company is a Banking Subsidiary and the Notes in question are Subordinated Notes, the claims of the Noteholders and Couponholders and Talonholders (if any) shall be subordinated (if legally possible) in a manner mutatis mutandis to the provisions of Clause 6 to the rights of Senior Creditors (with the substitution of references to "the Substituted Company" in place of references to "the Issuer").
More Definitions of Banking Subsidiary
Banking Subsidiary at any time, Fiduciary Trust Company International, Franklin Templeton Bank and Trust Company, F.S.B. or any other Subsidiary of xxx Xxxxower licensed to engage, and principally engaged, at such time in the banking or trust business or any Subsidiary of any such Subsidiary.
Banking Subsidiary means any bank (whether state or national) more than fifty percent (50%) of whose capital stock now or hereafter is owned directly or indirectly by Borrower or any Banking Subsidiary or may be voted by Borrower or any Banking Subsidiary. At the date of this Agreement, the only Banking Subsidiary of Borrower is Bank.
Banking Subsidiary means any insured depository institution (within the meaning of 12 U.S.C. 1813(c), as amended, supplemented or otherwise modified from time to time), which is controlled (within the meaning of 12 U.S.C. 1841, as amended, supplemented or otherwise modified from time to time) by the Borrower.
Banking Subsidiary means any Subsidiary that is an Insured Depository Institution (as defined in Section 3 of the Federal Deposit Insurance Act, 12 U.S.C. § 1813).
Banking Subsidiary means, collectively, (i) the Utah Bank and any other chartered or licensed banking institution that is authorized to take deposits and a Subsidiary of Borrower from time to time, and (ii) any Subsidiary of a Person described in clause (i).
Banking Subsidiary means, at any time, Fiduciary Trust Company International, Franklin Xxxxxxxxx Bank and Trust Company, F.S.B. or any other Subsidiary of the Company licensed to engage, and principally engaged, at such time in the banking or trust business or any Subsidiary of any such Subsidiary.
Banking Subsidiary means a Subsidiary which is a Bank.