CFB IB Operation definition

CFB IB Operation means the CFB Internet banking operation described in Section 2.2 hereof.
CFB IB Operation means the CFB Internet banking operation described in Section 2.2 hereof. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss1813(l), including, without limitation, individual retirement accounts and cash management accounts. "IB Contracts" means any leases, contracts and other agreements owned by CFB and utilized principally in the CFB IB Operation. "IB Deposit" means a Deposit (except South Carolina Deposits), including Accrued Interest Payable thereon, which has been gathered through the CFB IB Operation. "IB Loan" means any loan substantially effected through the CFB IB Operation and any other loans of such types or categories and in such amounts as are agreed upon by the parties hereto, together with any Accrued Interest Receivable thereon, the related servicing rights and all records associated therewith. "Net Book Value" means the value of an asset on the books of CFB as of the date of the Transfer determined in accordance with Generally Accepted Accounting Principles ("GAAP"), but without regard to any general allowance for credit losses. "Premier Charter" shall mean the thrift charter of Premier Bank, FSB. "South Carolina Deposits" shall mean IB Deposits associated with customers who on the date hereof,

Examples of CFB IB Operation in a sentence

  • Subject to Section 2.3(ii), in the event that the CFB Funding Cap is reached, then CFB may elect not to provide further funding and may terminate the CFB IB Operation as contemplated in Section 8.1(v).

  • Each party shall be responsible for compliance (and hereby covenants to comply) with all applicable laws and regulations in connection with their respective actions taken in connection with the CFB IB Operation; provided, however, that CFB shall have final authority over all regulatory-related matters, including the authority to require IOG to take such actions as CFB deems reasonably necessary or in order to comply with applicable laws and regulations (as reasonably interpreted by CFB).

  • The parties hereby to provide the other with full and complete access at all reasonable times to the CFB IB Operation and all matters related thereto.

  • If, after the date hereof, IOG procures equity capital (or debt convertible into equity capital) exceeding $6 million (the "New Capital"), whether in one or a series of offerings, then to the extent that the New Capital exceeds $6 million, all parties hereto shall be reimbursed, on a pro rata basis, (dollar for dollar until paid in full) for the reasonable expenses incurred by the CFB IB Operation (which for CFB will be the CFB Expenditures).

  • All work done by IOG in connection with the CFB IB Operation shall be the property of IOG and, unless CFB consents otherwise, IOG shall enter into all contracts executed in connection with the CFB IB Operation in its own name and on its own behalf (such that IOG will be deemed to be the owner and beneficiary of such contracts).

  • In connection with the CFB IB Operation, IOG shall not directly solicit current CFB customers for its banking services.

  • Indeed, the polarization ismainly aligned along the direction of the vector sum of the D˙and D˙r dipoles (D˙tot ) as shown by the smaller angles betweenD˙tot and P˙ [see Fig.

  • Notwithstanding the foregoing except as set forth in Section 2.3(ii), CFB shall not be required to fund the CFB IB Operation if the amounts expended by CFB as contemplated in Exhibit B, plus losses associated with the CFB IB Operation exceeds $1,125,985 (the "CFB Funding Cap") (CFB's actual expenditures and net losses associated with the CFB IB Operation being hereinafter referred to as the "CFB Expenditures").

  • Upon execution hereof and after the Transfer, IOG will have (or will reasonably expect to obtain) all necessary rights, licenses and authority to operate the CFB IB Operation as previously described to CFB.

  • IOG will provide full backoffice operations, systems and administrative support in connection with the CFB IB Operation, including a full range of customer service activities.

Related to CFB IB Operation

  • Railway Operation means the construction and operation under this Agreement of the relevant Railway and associated access roads and Additional Infrastructure (if any) within the relevant Railway Corridor and of the associated Lateral Access Roads, in accordance with approved proposals;

  • co-operative means a co-operative registered in terms of section 7 of Cooperatives Act, 2005 (Act No. 14 of 2005)

  • In operation means engaged in activity related to the primary design function of the source.

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • Railway Operation Date means the date of the first carriage of iron ore, freight goods or other products over the relevant Railway (other than for construction or commissioning purposes);

  • Salvage operation means any business, trade or industry engaged in whole or in part in salvaging or reclaiming any product or material, including but not limited to metals, chemicals, shipping containers or drums.

  • Mining operation means any operations undertaken for the purpose of winning any mineral as defined in section 3 (d) of Mines and Minerals (Development and Regulation) Act, 1957.

  • Cottage food operation means a person who produces or packages cottage food products only in a kitchen of that person's primary domestic residence within this state.

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Surgical Operation means manual and/or operative procedures for correction of deformities and defects, repair of injuries, diagnosis and cure of diseases, relief of suffering and prolongation of life.

  • Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

  • Parallel Operation means the Generating Facility’s electrical apparatus is connected to the Transmission Provider’s system and the circuit breaker at the point of common coupling is closed. The Generating Facility may be producing electric energy or consuming electric energy at such time.

  • Normal operation means the oper- ation of a program or activity without significant changes that would impair its ability to meet its objectives.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Farming operation means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation.

  • Animal feeding operation (“AFO”) means a lot or facility (other than an aquatic animal production facility) where animals have been, are, or will be stabled or confined and fed or maintained for a total of 45 days or more in any 12-month period, and crops, vegetation, forage growth, or post-harvest residues are not sustained in the normal growing season over any portion of the lot or facility [40 CFR § 122.23(b)(1)].

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Area of operation means an area coextensive with the territorial boundaries of the land acquired or

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Active business operations means all business operations that are not inactive business operations.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Certificate of operation means a document issued by the administrator or an approved local jurisdiction for a conveyance indicating that the conveyance has been inspected by the administrator, an approved local jurisdiction, or a licensed third-party conveyance inspector and approved under this article.