Major Bank Subsidiary, means any subsidiary of the Company that is a “major bank subsidiary” as such term is used in the Adopting Release accompanying the Final Rule on Risk-Based Capital Standards: Trust Preferred Securities and the Definition of Capital, adopted on March 1, 2005, by the Federal Reserve, and as such term may subsequently be defined or interpreted in any rule, regulation, written interpretation or other public issuance of the Federal Reserve. For purposes of this definition, any “depository institution” subsidiary of the Company within the meaning of Section 3(c) of the Federal Deposit Insurance Act that would be considered a Major Bank Subsidiary except for the fact that such subsidiary is not a “bank” within the meaning of Section 3(a) of the Bank Holding Company Act of 1956, shall be deemed to be a Major Bank Subsidiary.
Major Bank Subsidiary, means any subsidiary of the Company that (i) is a depository institution and (ii) meets the definition of “significant subsidiary” within the meaning of Regulation S-X promulgated by the Securities and Exchange Commission.
Major Bank Subsidiary, means any subsidiary of the Borrower that is a “major bank subsidiary” as that term is used in SR 92-37 (FIS) promulgated by the Division of Banking Supervision and Regulation of the Federal Reserve, and as such term may subsequently be defined or interpreted in any rule, regulation, written interpretation or other public issuance of the Federal Reserve.
Examples of Major Bank Subsidiary, in a sentence
To that end, they must provide regulatory agencies with sufficient resources to monitor and enforce compliance with domestic laws, including by investigating complaints and bringing appropriate remedial actions.77 59.
More Definitions of Major Bank Subsidiary,
Major Bank Subsidiary, means (i) Bay View Bank, a federal savings bank, and any successor to all or substantially all of the business of Bay View Bank, a federal savings bank, in each case so long as it shall be a Subsidiary of the Company and (ii) any Significant Subsidiary of the Company which is a bank, trust company, savings bank, savings and loan association, savings association or other banking or thrift institution.
Major Bank Subsidiary, means any Insured Depository Institution subsidiary of the Company which, together with any subsidiaries of such Insured Depository Institution subsidiary, has total assets that exceed 50 percent (or such lesser or greater amount set forth in the then current interpretation by the Federal Reserve of “major bank subsidiary” as such term is used in the Adopting Release accompanying the Final Rule on Risk-Based Capital Standards: Trust Preferred Securities and the Definition of Capital, adopted on March 1, 2005, by the Federal Reserve) of the total assets of the Company and its subsidiaries consolidated as of the end of the most recently completed fiscal quarter of the Company. For purposes of this definition, an Insured Depository Institution will be deemed to be a subsidiary of the Company if the Company has “control” over the Insured Depository Institution as defined in 12 U.S.C. 1841(a)(2) or any successor statute or rule.
Major Bank Subsidiary, means, at any time, (i) Great Western Bank (unless it shall no longer qualify as a “major bank subsidiary” of the Issuer within the meaning of Supervisory Letter SR 92-37(FIS) (or any successor thereto or other similar pronouncement, rule or regulation governing bank holding company subordinated debt securities) of the Board of Governors of the Federal Revenue System (“Federal Reserve Board”)) and (ii) any other insured depository institution subsidiary of the Issuer that qualifies as such a major bank subsidiary. For purposes of this definition, “insured depository institution” has the meaning given to that term in Section 3(c)(2) of the Federal Deposit Insurance Act or any successor statute or rule. The registered Holder of this Note will itself be solely and entirely responsible for the exercise of any remedies provided herein. If an Event of Default with respect to this Note shall occur and be continuing, the registered Holder hereof may: (i) by written notice to the Issuer declare the entire outstanding principal amount of this Note, together with any unpaid interest accrued thereon, to be immediately due and payable; (ii) institute a judicial proceeding for the enforcement of the terms hereof including the collection of all sums due and unpaid hereunder, prosecute such proceeding to judgment or final decree, enforce the same against the Issuer and collect monies adjudged or decreed to be payable in the manner provided by law out of the property of the Issuer; and (iii) take such other action at law or in equity as may appear necessary or desirable to collect and enforce this Note; provided, however, that the registered Holder of this Note may waive any Event of Default that occurs with respect hereto. In the event of a failure by the Issuer to make any payment of principal of or interest on this Note, the Issuer will, upon demand by the Holder hereof, pay to the Holder the whole amount then due and payable on this Note for principal and interest (without acceleration), with (to the extent permitted by applicable law) interest on the overdue principal and interest computed at the Default Rate. In the event the Issuer fails to pay any overdue principal or interest upon demand by the registered Holder of this Note, the registered Holder may, among other things, institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Issuer and collect...
Major Bank Subsidiary, means a Subsidiary of the Company that is a bank, as defined in 12 U.S.C. sec. 1813 or any successor law, the assets of which as reported on Schedule RC of its most recent Consolidated Report of Condition and Income that had been filed prior to the date of this Indenture equal or exceed 80% of the assets reported on the most recent Quarterly Report on Form 10-Q that had been filed prior to the date of this Indenture for the consolidated Company.
Major Bank Subsidiary, means a Bank Subsidiary with assets in excess of $300,000,000.
Major Bank Subsidiary, means a Subsidiary of the Company that is a bank, as defined in 12 U.S.C. ss. 1813 or any successor law, the assets of which as reported on Schedule RC of its most recent Consolidated Report of Condition and Income that had been filed prior to the date of this Indenture equal or exceed 80% of the assets reported on the most recent Quarterly Report on Form 10-Q that had been filed prior to the date of this Indenture for the consolidated Company.
Major Bank Subsidiary, means (i) the Bank and any successor to all or substantially all of the business of the Bank, in each case so long as it shall be a Subsidiary of the Company and (ii) any Significant Subsidiary of the Company which is a bank, trust company, savings bank, savings and loan association, savings association or other banking or thrift institution.