FDB Subsidiary definition
Examples of FDB Subsidiary in a sentence
BIF shall have been granted acceptable access to any real property in which FDB or any FDB Subsidiary has an interest and for which BIF desired its independent professional consultant to prepare an Environmental Report, and the results of any Environmental Report rendered to BIF with respect to such real property shall have not disclosed any violation of Environmental Laws which would reasonably be expected to have a Material Adverse Effect on FDB.
None of the tax liabilities of FDB or any FDB Subsidiary has ever been audited by the IRS or any state tax agency for any period since January 1, 1994.
FDB, each FDB Subsidiary and their respective plans are in material compliance with the schedule set forth in the foregoing FFIEC statements and with the foregoing FFIEC guidelines.
None of FDB or any FDB Subsidiary, or any director, officer or employee of FDB or any FDB Subsidiary has committed any material breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct in all material respects and accurately reflect the assets of such fiduciary account.
Neither BIF nor its independent professional consultant shall enter upon any such real property in which FDB or any FDB Subsidiary holds only a mortgagee's interest without the prior permission of FDB and the Person in possession thereof.
Other than non-material items related to real estate tax assessments, neither FDB nor any FDB Subsidiary is, to the knowledge of FDB, a party to any threatened action or proceeding by any governmental authority for assessment or collection of taxes.
BIF shall have no duty to act upon any information produced by such reviews or investigations with or for the benefit of FDB, any FDB Subsidiary or any other Person, but shall provide such information to FDB as soon as practicable after such information becomes available to BIF.
Except as permitted by this Agreement and provided on Schedule 5.2 of the FDB Book of Schedules, no shares of FDB capital stock have been purchased, redeemed or otherwise acquired, directly or indirectly, by FDB or any FDB Subsidiary and no dividends or other distributions payable in any equity securities of FDB or any FDB Subsidiary have been declared, set aside, made or paid to the stockholders of FDB.
In addition, the expiration or termination of this Agreement will not relieve the Parties of any obligations accruing prior to or upon such expiration or termination, including any provisions of Articles 3 and 4 and Section 2.4.
Neither FDB nor any FDB Subsidiary is subject to, or in default with respect to, nor are any of its assets subject to, any outstanding judgment, regulatory agreement, injunction, writ, order or decree or any other requirement of any governmental body or court or of any governmental agency or instrumentality which would reasonably be expected to have a Material Adverse Effect on FDB or which would impair FDB's ability to consummate the Merger.