MCB Bank definition
Examples of MCB Bank in a sentence
In consideration of MCB Bank providing the facility, you agree to indemnify and keep safe, harmless and indemnified MCB Bank from and against all actions, claims, demands, proceedings, loss, damages, costs, charges and expenses whatsoever the Bank may incur, sustain, suffer or be put to at any time as a consequence of acting on or omitting or refusing to act on any instructions given by use of the facility.
Some words and expressions used in this agreement carry specific meanings which are as follows: „We‟/ „us‟/ „our‟/ „Bank‟ refer to “MCB”, MCB Bank Limited, a banking company incorporated under the laws of the Islamic Republic of Pakistan, having its registered office at MCB Building, F6/G6, Jinnah Avenue, Islamabad.
In consideration of MCB Bank providing the Facility, you agree to indemnify and keep safe, harmless and indemnified MCB Bank from and against all actions, claims, demands, proceedings, loss, damages, costs, charges and expenses whatsoever the Bank may incur, sustain, suffer or be put to at any time as a consequence of acting on or omitting or refusing to act on any instructions given by use of the Facility.
No new shares of capital stock or other securities or obligations of BB Bank shall be issued with respect to or in exchange for such canceled shares, and such canceled shares of MCB Bank Common Stock shall not be converted into capital stock or other securities or obligations of BB Bank.
Subject to the terms and conditions of this Agreement, simultaneously with the Effective Time of the Merger, MCB Bank shall be merged with and into BB Bank (the "Bank Merger Effective Time").
A wholly owned subsidiary of MCB Bank Limited with its registered office at 3rd floor Adamjee House , I.
At the Bank Merger ------------------------------------- Effective Time, each share of common stock of MCB Bank ("MCB Bank Common Stock") issued and outstanding immediately prior thereto shall, by virtue of the Bank Merger, be canceled.
You acknowledge that the provision of the Services are regulated by the State Bank of Pakistan and agree that you shall not take any steps or do any act which will cause or be likely to cause MCB Bank to violate any applicable laws of Pakistan or any applicable rules and regulations of any governmental or regulatory authority including without limitation, of the State Bank of Pakistan.
Upon consummation of the Bank Merger, the separate corporate existence of MCB Bank shall terminate.