FUB definition
Examples of FUB in a sentence
To 1st United’s knowledge, FUB has not been underpaid or overpaid any amounts under the Shared-Loss Agreements by the FDIC, as receiver.
Upon receipt of such a direction 1st United and FUB shall take all requisite action to implement it.
FUB shall have taken all necessary corporate action to effectuate the Bank Merger immediately following the Effective Time.
Except as set forth in the 1st United Disclosure Schedule, FUB has, since January 1, 2011, duly filed with the OFR and the FRB, and 1st United has duly filed with the FRB, in correct form all documentation required to be filed under applicable laws and regulations, and 1st United promptly will deliver or make available to Valley accurate and complete copies of such documentation.
Except as set forth in the 1st United Disclosure Schedule, the applicable state income and local Tax Returns of 1st United, FUB and each of their Subsidiaries have been examined by the applicable authorities (or are closed to examination due to the expiration of the statute of limitations) and no deficiencies were asserted as a result of such examinations which have not been resolved and paid in full.
The authorized capital stock of FUB consists of 1,000,000 shares of common stock, $7.00 par value per share.
FUB (i) has timely and properly filed all reports and documents with the FDIC, as receiver, in accordance with the terms of the Shared-Loss Agreements, and (ii) is not in default or violation of any of its duties or obligations under any of the Shared-Loss Agreements.
The 1st United Disclosure Schedule lists all examinations of FUB conducted by the OFR and the FRB, and all examinations of 1st United conducted by the FRB, since January 1, 2009 and the dates of any responses thereto submitted by FUB and 1st United, respectively.
Immediately following the Effective Time, FUB shall be merged with and into VNB as provided in Section 1.7 hereof.
Immediately following the Effective Time, FUB shall be merged with and into VNB (the “Bank Merger”) in accordance with the provisions of the National Bank Act and, to the extent applicable, the relevant banking statutes of the State of Florida (the “Banking Law”) and the regulations of the Florida Office of Financial Regulation (the “OFR”), and VNB shall be the surviving bank (the “Surviving Bank”).