FDICIA definition
Examples of FDICIA in a sentence
Party B hereby represents and warrants that it qualifies as a "financial institution" by virtue of being a: [ ] broker or dealer within the meaning of FDICIA; [ ] depository institution within the meaning of FDICIA; [ ] futures commission merchant within the meaning of FDICIA; [ ] "financial institution" within the meaning of Regulation EE (see below).
Each Party represents and warrants to the other Party that it is a financial institution under the provisions of Title IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA"), and the Parties agree that this agreement shall be a netting contract, as defined in FDICIA, and each receipt or payment or delivery obligation hereunder shall be a covered contractual payment entitlement or covered contractual payment obligations, respectively, as defined in and subject to FDICIA.
If both Parties are financial institutions in accordance with the above, the Parties agree that the Agreement shall be a netting contract, as defined in 12 U.S.C. Section 4402(14), and each receipt or payment or delivery obligation under the Agreement shall be a covered contractual payment entitlement or covered contractual payment obligation, respectively, as defined in FDICIA.
Party A represents and warrants that it qualifies as a "financial institution" within the meaning of the Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA") by virtue of being a: [ ] broker or dealer within the meaning of FDICIA; [ ] depository institution within the meaning of FDICIA; [ ] futures commission merchant within the meaning of FDICIA; [ ] "financial institution" within the meaning of Regulation EE (see below).
Party A represents and warrants that it qualifies as a "financial institution" within the meaning of the Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA") by virtue of being a: [X] broker or dealer within the meaning of FDICIA; [ ] depository institution within the meaning of FDICIA; [X] futures commission merchant within the meaning of FDICIA; [ ] "financial institution" within the meaning of Regulation EE (see below).