New CFC definition

New CFC as defined in the definition of “IP Reorganization”.
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New CFC means Countrywide Financial Corporation after the Merger, including all of it past and present direct and indirect subsidiaries.
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Examples of New CFC in a sentence

  • By operation of law, as a consequence of the merger, Red Oak (soon thereafter renamed Countrywide Financial Corporation, which is New CFC) assumed the liabilities of Old CFC.

  • The sources of all funds used for legal and related expenses, including the cost of settlements, incurred in connection with any investigation of or litigation against Old CFC or New CFC or any present or former director, officer, or employee of either of them, from July 1, 2008, to date.

  • After the merger, Red Oak was to be renamed Countrywide Financial LLC but was in fact renamed Countrywide Financial Corporation (referred to as New CFC).

  • The relevant facts, as alleged herein, show that as a result of the circumstances surrounding the purchase and sale of New CFC and Countrywide Home Loans assets, BAC and its unnamed subsidiaries are liable to Plaintiffs because they are the successors to the liabilities of Old CFC and Countrywide Home Loans that were transferred to New CFC by virtue of the Bank of America/Countrywide merger.

  • On November 7, 2008, BAC filed an 8-K announcing, among other things, that New CFC and Countrywide Home Loans had transferred substantially all of their assets and operations to BAC.

  • The First Asset Purchases, including the decision to purchase the assets, the description of each asset purchased, the value of each asset on the books of New CFC at the time of the purchase, the amount that Bank of America paid for each asset and the entity to which it paid that amount, the entity within Bank of America to which each asset was transferred, and Bank of America’s accounting for each purchase of assets.

  • The Second Asset Purchases, including the decision to purchase the assets, the description of each asset purchased, the value of each asset on the books of New CFC at the time of the purchase, the amount that Bank of America paid for each asset and the entity to which it paid that amount, the entity within Bank of America to which each asset was transferred, and Bank of America’s accounting for each purchase of assets.

  • Plaintiffs are informed and believe, and based thereon allege, that, primarily as a result of this transfer of assets, New CFC and Countrywide Home Loans are now moribund organizations, with few, if any, assets or operations.

  • Bank of America’s accounting for the Merger, including the allocation of the purchase price to assets and liabilities of Old CFC and New CFC.

  • Plaintiffs are informed and believe, and based thereon allege, that the intended effect of this transaction was to integrate further into the operations of Bank of America the assets of Old CFC and Countrywide Home Loans that had been transferred to New CFC in connection with the merger, while leaving liabilities with New CFC and Countrywide Home Loans.

Related to New CFC

  • New Company has the meaning given to it in Clause 21.3 of the Trust Deed;

  • Reorganized Company means the domestic stock company into which a mutual company has been converted, converted and merged, or converted and consolidated.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • New Holdco means the direct or indirect Subsidiary of the Ultimate Parent following the Post-Closing Reorganizations.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

  • Purchasing Member has the meaning set forth in Section 9.2(c).

  • Acquirer means a business organization, financial institution, or an agent of a business organization or financial institution that has authority from an organization that operates or licenses a credit card system to authorize merchants to accept, transmit, or process payment by credit card through the credit card system for money, goods or services, or anything else of value.

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • New entrant means a teacher who is not a present teacher.

  • Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.

  • Acquiring Corporation means (i) the continuing or surviving person of a consolidation or merger with Issuer (if other than Issuer), (ii) the acquiring person in a plan of exchange in which Issuer is acquired, (iii) the Issuer in a merger or plan of exchange in which Issuer is the continuing or surviving or acquiring person, and (iv) the transferee of all or a substantial part of Issuer's assets or deposits (or the assets or deposits of the Issuer Subsidiary).

  • Purchasing Entity means any entity or organization that has been authorized by the State to place Orders with the Contractor, and may include, without limitation, agencies of the State, government supported institution of higher education within the State, political subdivisions of the State, authorized non-profit organizations and other authorized entities.

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.

  • SpinCo shall have the meaning set forth in the Preamble.

  • ACCO means the person delegated authority by the Commissioner to organize and supervise the procurement activity of subordinate agency staff in conjunction with the CCPO, or his/her duly authorized representative. All written notices or communications to the ACCO shall be sent, as specified, to 00 Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 (“Office of the ACCO”).

  • Other Investors shall have the meaning set forth in the Preamble.

  • Eligible Holder means a Limited Partner whose (a) federal income tax status would not, in the determination of the General Partner, have the material adverse effect described in Section 4.9(a)(i) or (b) nationality, citizenship or other related status would not, in the determination of the General Partner, create a substantial risk of cancellation or forfeiture as described in Section 4.9(a)(ii).

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Purchaser Stock Price means, with respect to any Common Stock Fundamental Change, the average of the daily Closing Price for one share of the common stock received by holders of the Common Stock in such Common Stock Fundamental Change during the 10 Trading Days immediately prior to the date fixed for the determination of the holders of the Common Stock entitled to receive such common stock or, if there is no such date, prior to the date upon which the holders of the Common Stock shall have the right to receive such common stock.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)