MDBC definition
Examples of MDBC in a sentence
The MDBA will continue to meet the employer contribution for employees who transitioned from MDBC who have existing memberships of defined benefit schemes.
During the first two years of the Non-Compete Period, Executive agrees to (a) assist OLB and the Bank with any questions and concerns, and provide any advice upon request, regarding the Merger, or the business, operations, target market, personnel matters, vendors, service, or customers of MDBC or Maryland Bank & Trust Company, N.A. prior to the Merger, and (b) fully cooperate with OLB and the Bank to provide for a smooth transition period following the Merger.
Long Service Leave The entitlement to Long Service Leave (LSL) is as provided: in accordance with the Long Service Leave (Commonwealth Employees) Act 1976; or for employees who transitioned from the former ▇▇▇▇▇▇–▇▇▇▇▇▇▇ Basin Commission (MDBC) and who are covered under the Long Service Leave Act 1976 (ACT); LSL credits will accrue at the rate of six and a half working days for each year of service, accessible after seven completed years of service.
MDB&T is in compliance in all material respects with the Community Reinvestment Act (12 U.S.C. §§ 2901 et seq.) (the “CRA”) and all regulations promulgated thereunder, and MDBC has supplied OLB with copies of MDB&T’s current CRA Statement, all letters and written comments received by MDB&T since March 26, 2007 pertaining thereto and any responses by MDB&T to such comments.
All personnel files, reports, feasibility studies, environmental assessments and reports, strategic planning documents, financial forecasts, deeds, leases, lease files, land files, accounting and tax records and all other records that relate to the business and properties of the OLB Companies that have been requested by MDBC have been made available to MDBC, its representatives or affiliates, and are located at the offices of the OLB Companies at 1▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇.
Except as disclosed in MDBC Disclosure Schedule 3.32, since June 30, 2010, neither MDBC nor any MDBC Subsidiary has incurred or paid any obligation or liability that would be material to the financial condition or operations of any of them, except for obligations paid in connection with transactions made by them in the ordinary course of their business consistent with past practice and applicable law.
OLB and MDBC shall consult upon the form and substance of any press release related to this Agreement and the Contemplated Transactions, but nothing contained herein shall prohibit either party, following notification to the other party, from making any disclosure that its counsel deems necessary under applicable law.
None of the MDBC Companies has been a party to any distribution occurring during the last three years in which the parties to such distribution treated the distribution as one to which Section 355 of the IRC (or any similar provision of state, local or foreign law) applied.
There are no Liens on any of the assets of the MDBC Companies with respect to MDBC Taxes, other than Liens for MDBC Taxes not yet due and payable.
Notwithstanding any other provision of this Section 2.2, at the Effective Time, each share of MDBC Common Stock that is owned, directly or indirectly, by OLB or any of its Subsidiaries (other than shares that are held in trust, managed, custodial or nominee accounts and the like and which are beneficially owned by third parties or held for debts previously contracted) shall be cancelled and no cash, stock or other property shall be delivered in exchange therefor.