Branch Property definition

Branch Property means all automated teller machines, computer hardware and software, teller equipment, communications equipment, furniture, fixtures and equipment, prepaid expenses, and other tangible personal property owned by Seller and located in the Branch Office (except for Excluded Assets), including, without limitation, the Branch Property described in Schedule 2.1(b) hereto.
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Branch Property means all furniture, fixtures and equipment and other tangible personal property owned by Seller and located in the Branch Offices (except for Excluded Assets), including, without limitation, the Branch Property described in Schedule 2.1(b) hereto. "Brokered Deposit" means a deposit, obtained, directly or indirectly, by or through any deposit broker as defined in Section 29(f) of the Federal Deposit Insurance Act, 12 U.S.C. ss.1831(f) and the corresponding federal regulations, without regard to whether or not the depository institution in which such funds are deposited is not well capitalized for purposes of that section. "Business Day" means any Monday, Tuesday, Wednesday, Thursday, or Friday that is not a Federal or State holiday generally recognized by banks in the State of South Carolina. "Cash Items" means all cash items, suspense items and items in process of collection, that are related to the Branch Deposits and Branch Loans and (i) which, on the Closing Date, have not been outstanding and uncollected for a period in excess of 30 days, or (ii) which otherwise are acceptable to Purchaser. "Closing" and "Closing Date" shall have the meanings assigned to them in Section 4.1 of the Agreement. "Closing Payment" shall have the meaning set forth in Section 3.2. "Demand Deposits" means individual, partnership, corporate and any other negotiable deposits, including, without limitation, NOW accounts. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss.1813(l), including, without limitation, individual retirement accounts ("IRA") and cash management xxcounts. "Depository Institution" means any bank or savings association as those terms are defined in Section 3(c) of the Federal Deposit Insurance Act, 12 U.S.C. ss.1813(c), and any credit union. "Effective Time" means the 12:00 a.m. on the day following the Closing Date. "Employees" means the employees assigned to the Branch Offices from the date of the Agreement through Closing. "Equipment Leases" shall have the meaning set forth in Section 2.1(g). "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "Excluded Assets" shall have the meaning set forth in Section 2.2. "Excluded Deposits" means (i) Brokered Deposits, (ii) deposits which are the subject of attachment, garnishment or other legal process, (iii) such other Deposits as are described on Schedule 2.4(a) hereto, and (iv) related Accrued Interest Payable on such Excluded D...
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Branch Property means all real property presently or formerly owned or operated by the Company or any Company Subsidiary on which branches or facilities are or were located.
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Examples of Branch Property in a sentence

  • The following representations are made with respect to the Branch Premises and the Branch Property.

  • Seller is a South Carolina corporation duly organized, validly existing, and in good standing under the laws of the South Carolina and has the corporate power and is duly qualified to carry on its business where and as now conducted and to own the Branch Property and operate the Branch Offices.

  • Seller is a South Carolina corporation duly organized, validly existing, and in good standing under the laws of the South Carolina and has the corporate power and is duly qualified to carry on its business where and as now conducted and to own the Branch Property and operate the Branch Office.

  • The Company and Buyer shall employ the procedure and timetable described below for the purpose of computing the Real Property Purchase Price for each Transferred Owned Branch Property.

  • The Company or the Bank has exclusive possession and the right of use of each Owned Branch Property, except for Permitted Real Estate Liens and Exceptions, Property Review Appraisal Factors, and matters set forth in Part 5.16 of the Company Disclosure Schedule.

  • To the Company’s Knowledge and except for any Property Review Appraisal Factors, each Owned Branch Property is supplied with electricity, potable water, telephone, sanitary sewer, and storm sewer service adequate for the operations currently conducted from the property and provided by way of equipment located either within adjacent public roads or within permanent, irrevocable, appurtenant easements benefitting such property.

  • There are no leases, subleases, licenses, concessions, or other agreements, written or oral, granting to any Person the right of use or occupancy of any Owned Branch Property except for Permitted Real Estate Liens and Exceptions, Property Review Appraisal Factors, and matters set forth in Part 5.16 of the Company Disclosure Schedule.

  • To the best of Seller's knowledge, all information and data furnished by Seller to Purchaser with respect to the Assets, Branch Office, Branch Premises, and Branch Property is materially true, correct, and complete, and not materially misleading.

  • Except as otherwise provided in the Plan, the West Branch Realty LLC Agreement, or this Order, West Branch Realty LLC will take title to the West Branch Property free and clear of all Claims, Equity Interests and Liens in accordance with Bankruptcy Code Section 1141.

  • To the best of Seller's knowledge, all information and data furnished by Seller to Purchaser or CCC with respect to the Assets, Branch Offices, Branch Premises, and Branch Property is materially true, correct, and complete, and not materially misleading.


More Definitions of Branch Property

Branch Property means all furniture, fixtures and equipment, and other tangible personal property owned by Seller and located in the Branch Office and/or ATM Site (except for Excluded Assets), including, without limitation, the Branch Property described in Schedule 2.1(b) hereto.
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Related to Branch Property

  • Hotel Property means a Property on which there is located an operating hotel.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

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  • New property means (i) the assessed value, after final

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Residential property means improved property that:-

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property, other than any such leasehold interest designated from time to time by Collateral Agent in its sole discretion as not being required to be included in the Collateral.

  • Material Property means all Real Property owned in fee in the United States by any Credit Party, in each case, with a fair market value of $7,425,000 (as determined by the Borrower in good faith) or more, as determined (i) with respect to any Real Property owned by any Credit Party on the Closing Date, as of the Closing Date, and (ii) with respect to any Real Property acquired by a Credit Party after the Closing Date, as of the date of such acquisition.