Ion Bank definition
Examples of Ion Bank in a sentence
The consummation of the transactions contemplated by this Agreement are not subject to, or otherwise conditioned upon, Ion MHC or Ion Bank obtaining financing of any kind from any source.
The minute books of Ion Bank contain, in all material respects, true and accurate records of all meetings held and corporate actions taken since January 1, 2018 of Ion Bank’s stockholder and the Ion Bank Board (including committees of the Ion Bank Board), other than minutes which have not been prepared as of the date of this Agreement.
During the period from the date of this Agreement to the Effective Time, Lincoln Bank shall provide Ion Bank, and Ion Bank shall provide Lincoln Bank, with any information Ion Bank or Lincoln Bank shall reasonably request regarding each other’s Loan Loss Reserves.
The representations and warranties contained in this Article V, when considered as a whole, together with any certificate, list or other writing, including, but not limited to, Lincoln’s Disclosure Schedules, specifically required to be furnished to Ion MHC or Ion Bank pursuant to the provisions hereof, do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements and information contained in this Agreement and therein not misleading.
Neither Lincoln Bank nor Ion Bank shall amend or modify such policy without the express written consent of the other party.
Immediately following completion of the Transactions, Ion Bank will be “well capitalized,” as such term is defined in the rules and regulations promulgated by the FDIC.
Ion Bank is not in violation of any provision of the Ion Bank Charter or Ion Bank Bylaws.
Subject to the terms of each Employment Agreement, each of ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇ will become an officer of Ion Bank after the Effective Time.
It is the intent of the parties to this Agreement that Ion MHC or Ion Bank by reason of this Agreement shall not be deemed (until consummation of the transactions contemplated herein) to control, directly or indirectly, Lincoln MHC, LPB, Lincoln Bank or any Subsidiary of any Lincoln entity and shall not exercise or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of Lincoln MHC, LPB, Lincoln Bank or any Subsidiary of any Lincoln.
Maintain on deposit in one or more accounts of Borrower at Lender and in an account at Ion Bank, a Connecticut bank (which account shall be subject to a deposit account control agreement), an aggregate average balance of not less than TWO MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,500,000.00) over a trailing ninety (90) days, until all Obligations are fully satisfied (the “Minimum Deposit”).