Examples of FFC Bank Subsidiary in a sentence
FFC Bank Subsidiary is duly qualified or licensed to transact business as a foreign corporation in good standing in the states of the United States and foreign jurisdictions where the character of its Assets or the nature or conduct of its business requires it to be so qualified or licensed, except for such jurisdictions in which the failure to be so qualified or licensed is not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on FFC.
FFC Bank Subsidiary is duly organized, validly existing, and in good standing under the laws of the jurisdiction in which it is incorporated or organized, and has the corporate power and authority necessary for it to own, lease and operate its Assets and to carry on its business as now conducted, except as set forth in Section 4.4(b) of the FFC Disclosure Memorandum .
As set forth hereinabove at "Recitals," paragraph A, FFC Bank Subsidiary shall include (i) First Bank and Trust; (ii) American Title and Escrow Company, and (iii) First Southern Finance, Inc.
The minute book and other organizational documents and Records for FFC Bank Subsidiary have been made available to NCBC for its review, and are true and complete as in effect as of the date of this Agreement and accurately reflect all amendments thereto and all proceedings of the Board of Directors and shareholders thereof.
All of the shares of capital stock (or other equity interests) of FFC Bank Subsidiary held by FFC are fully paid and nonassessable under the applicable corporation or similar Law of the jurisdiction in which FFC Bank Subsidiary is incorporated or organized and are owned by FFC free and clear of any Lien, except as expressly set forth in the FFC Disclosure Memorandum and noted in Section 4.4(b) of this Agreement .
FFC owns, directly or indirectly, all of the issued and outstanding shares of capital stock (or other equity interests) of FFC Bank Subsidiary.
FFC Bank Subsidiary is an "insured institution" as defined in the Federal Deposit Insurance Act and applicable regulations thereunder, and the Deposits in which are insured by the Bank Insurance Fund, to the extent provided by law.
FFC has previously provided NCBC true and correct ----------------- copies of the Articles of Incorporation and Bylaws of FFC and the Articles of Incorporation and Bylaws of FFC Bank Subsidiary, as amended to date, and each are in full force and effect.
FFC Bank Subsidiary is not required to file any SEC Documents with the SEC as a separate entity.
No capital stock (or other equity interest) of FFC Bank Subsidiary is or may become required to be issued (other than to FFC) by reason of any Rights, and there are no Contracts by which FFC Bank Subsidiary is bound to issue (other than to FFC) additional shares of its capital stock (or other equity interests) or Rights or by which FFC is or may be bound to transfer any shares of the capital stock (or other equity interest) of FFC Bank Subsidiary (other than to another FFC Company).