Crestmark definition

Crestmark is defined in the preamble to this Agreement.
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Crestmark see preamble.
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Crestmark refer to Crestmark Bancorp, Inc., a Michigan corporation; references to “Crestmark Bank” refer to Crestmark Bank, a Michigan state-chartered bank and wholly-owned subsidiary of Crestmark; references to the “merger agreement” refer to the Agreement and Plan of Merger, dated as of January 9, 2018, among Meta, MetaBank, Crestmark and Crestmark Bank; and references to “we,” “our” or “us” refer to Meta and Crestmark.
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Examples of Crestmark in a sentence

  • The Lockbox Bank will process all deposits and Borrower has no right to the Lockbox Account, it belongs to Crestmark.

  • Borrower recognizes that at no time is Crestmark its agent in dealing with the Collateral, but Crestmark acts only in its own interest.

  • Crestmark may assign this Agreement and its rights under the Loan Documents and Borrower will make payments to any such assignee if so directed.

  • Crestmark is the owner of all deposits in the Lockbox Account, and has no duty as to collection or protection of funds as long as it is not grossly negligent or commits actual fraud.

  • No delay or failure of Crestmark in exercising any right or remedy will affect such right or remedy.

  • To provide Crestmark with evidence of ownership of any Collateral upon the request of Crestmark.

  • Receive, take, endorse, assign, deliver, accept and deposit, in the name of Crestmark or Borrower, any and all cash, checks, commercial paper, drafts, remittances and other instruments and documents relating to the Collateral or the proceeds thereof.

  • Crestmark has the right at any time to assign, transfer, negotiate or sell participations in this Agreement or the Obligations or the rights of Crestmark hereunder.

  • If Crestmark should proceed against the Collateral and sell any of the Collateral on credit, Borrower will be credited on the Obligations only with the amount actually received by Crestmark and Borrower waives any and all provisions as to notice or a particular method of sale of any of the Collateral.

  • Any payments received by Crestmark shall be applied to the Obligations in whatever order Crestmark determines in its reasonable discretion.


More Definitions of Crestmark

Crestmark has the meaning ascribed to such term in Section 5.9 hereof.
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Crestmark means Crestmark Bank, a Michigan banking corporation.
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Related to Crestmark

  • Bank is defined in the preamble hereof.

  • The Bank means the State Bank of India (including domestic branches and foreign offices), Subsidiaries and Joint Ventures, where the Bank has ownership of more than 50% of voting securities or the power to direct the management and policies of such Subsidiaries and Joint Ventures:< Strike of whichever is inapplicable.>

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • CoBank means CoBank, ACB.

  • HSBC means HSBC Bank USA, National Association.