Consolidating bank definition

Consolidating bank means a party to a consolidation.
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Consolidating bank means a party to a consolidation. "Consolidation" takes place when 2 or more banks, or a
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Examples of Consolidating bank in a sentence

  • This could start with reporting on capital or developmental expenditures, for which LBs would be expected to provide a simple but clear breakdown in terms of sectors, regardless. Consolidating bank accounts held by LBs. This could reduce fiduciary risk as well as encourage LBs to report on expenditures and revenues in a more comprehensive and less piecemeal way. Removing a local bottleneck in the disbursement of transfers.

  • This could start with reporting on capital or developmental expenditures, for which LBs would be expected to provide a simple but clear breakdown in terms of sectors, regardless.• Consolidating bank accounts held by LBs. This could reduce fiduciary risk as well as encourage LBs to report on expenditures and revenues in a more comprehensive and less piecemeal way.• Removing a local bottleneck in the disbursement of transfers.

  • Consolidating bank portfolios through a more efficient resolution of non- performing loans by demonstrating social sensitivity and improving the institutional framework for the restructuring of non-performing loans.

  • Ms. Corcoran said they had done a walk-through of the existing accounting system and determined some priorities for the Borough to make efficiencies:- Consolidating the accounting software with the utility billing software, to allow for greater reliability.- Consolidating bank accounts at one bank, and setting up new services such as check scanning.- Working with the Borough staff on the transition to the AMS software.

  • Consolidating bank supervision into one body offers the potential for more efficiency and effectiveness, financial sustainability (especially for the RS), compliance with EU standards and the maintenance of competency in the rapidly changing banking system.

Related to Consolidating bank

  • Consolidating (or “consolidating”) shall mean, when used with reference to any financial term in this Agreement, the aggregate for two or more Persons of the amounts signified by such term for all such Persons determined on a consolidated (or consolidating) basis in accordance with GAAP, applied on a consistent basis. Unless otherwise specified herein, “Consolidated” and “Consolidating” shall refer to Borrower and its Subsidiaries, determined on a Consolidated or Consolidating basis.

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

  • consolidating supervisor means the competent authority responsible for the exercise of supervision on a consolidated basis of EU parent institutions and institutions controlled by EU parent financial holding companies or EU parent mixed financial holding companies.

  • Consolidated Fund means the Consolidated Fund established by this Constitution;

  • Consolidated refers to the consolidation of accounts in accordance with GAAP.

  • Consolidation means the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP; provided that “Consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Company or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated” has a correlative meaning.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Amalgamation Application means the amalgamation application that will be filed with the Registrar under subsection 275(1)(a) of the BCBCA in order to give effect to the Amalgamation, substantially in the form attached hereto as Schedule C;

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467(a) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Consolidated Plan means the plan prepared in accordance with 24 CFR Part 91, which describes needs, resources, priorities and proposed activities to be undertaken with respect to certain HUD programs, including the HOME Program.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Consolidated Tangible Assets means, for any Person, total assets of such Person and its consolidated Subsidiaries, determined on a consolidated basis, less goodwill, patents, trademarks and other assets classified as intangible assets in accordance with GAAP.

  • Non-Consolidation Opinion means that certain substantive non-consolidation opinion delivered to Lender in connection with the closing of the Loan.

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality;

  • Adoptive parent means the parent or parents who adopt a child in accordance with the adoption code.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Adjusted Funds From Operations means, for any period, Net Cash Flows From Operating Activities for such period plus Interest Expense for such period minus (x) the portion (but not less than zero) of Net Cash Flows From Operating Activities for such period attributable to any consolidated Subsidiary that has no Debt other than Nonrecourse Indebtedness and (y) After-Tax Transitional Funding Instrument Revenue for such period.

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Agreement combined tax rate means the sum of the tax rates: