Centura definition

Centura means Centura Banks, Inc., a North Carolina corporation structured as a registered bank holding company under the Bank Holding Company Act of 1956, and its successors and assigns. "Centura" also means Centura Banks, Inc. and its Subsidiaries, unless the context clearly indicates otherwise.

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Centura means Centura as hereinbefore defined and any successor to its business and/or assets as aforesaid.

Centura means and refers to Centura Health Corporation and all of its direct or indirect subsidiaries, affiliates, or parent organizations.

Examples of Centura in a sentence

Participant has previously been determined eligible to receive benefits under one or more of the Planters National Bank and Trust Company Key Executive Supplemental Benefit Agreement, as assumed by Centura Banks, Inc.
Prior to the occurrence of ---------------------------------------- a change in control, as defined in Section 8.3 of the Omnibus SERP, Centura and the Bank may terminate the Participant's employment for "cause" as defined in paragraph 8.5 of the Omnibus SERP and upon such termination, Participant shall forfeit all rights and benefits under this Agreement except those benefits provided pursuant to Section 4 above and Article VII of the Omnibus SERP.
All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered or three days after mailing if mailed, first class, certified mail, postage prepaid: To the Company: Centura Banks, Inc.
The Acquiror and RBC Centura are, and Acquiror Sub will be, following its formation, duly qualified to do business and in good standing in the jurisdictions where the ownership or leasing of property or assets or the conduct of business requires such qualification.
RBC Centura is duly organized, validly existing and in good standing under the laws of North Carolina.
There are no Contracts relating to the rights of any Centura Company to vote or to dispose of any shares of the capital stock of any Centura Subsidiary.
No such waiver shall be effective unless in writing signed by a duly authorized officer of Centura.
The Centura Companies have good and marketable title, free and clear of all Liens, to all of their respective Assets.
Each Centura Company has in effect all Permits necessary for it to own, lease, or operate its Material Assets and to carry on its business as now conducted, except for those Permits the absence of which are not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on Centura, and there has occurred no Default under any such Permit, other than Defaults which are not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on Centura.
Each Centura Subsidiary is duly qualified or licensed to transact business as a foreign corporation in good standing in the States of the United States and foreign jurisdictions where the character of its Assets or the nature or conduct of its business requires it to be so qualified or licensed, except for such jurisdictions in which the failure to be so qualified or licensed is not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on Centura.

More Definitions of Centura

Centura or the "Company"). Furthermore, it is our understanding that the Board is in agreement with the general terms and conditions of this effort and that the Company has the approvals necessary to execute this agreement. We are prepared to undertake this engagement per the following: SERVICES Services to be provided would be at the direction of the Company's Board of Directors. At present it is contemplated that such services would include the following: - Performing duties of the Chief Executive Officer, Chief Financial Officer and the principal marketing officer during the engagement, as appropriate. Such duties will be performed initially by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇, respectively. During the month of November, 1997, however, the positions being filed are that of the Chief Operations Officer, V.P. of Finance and the principal marketing officer. - Development and implementation of a plan to improve shareholder value, through development and implementation of an updated business plan, subject to the Company's Board of Directors. - Assist the Board of Directors in execution of Progress Software's ("Progress") acquisition interest. Our understanding is that Progress will deliver a letter of intent, or equivalent by December 1, 1997. The initial term of this engagement will extend through December 31, 1999. Moreover, this engagement may be terminated by either party upon 90 days prior written notice. In the event of termination, the Options will continue to vest monthly for an additional 90 days (monthly basis) after written notice. COMPENSATION H&H would be compensated as follows:

Centura means Centura as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.