NVSL definition
Examples of NVSL in a sentence
All Taxes shown on such returns, all Taxes required to be shown on returns for which extensions have been granted and all other Taxes required to be paid by NVSL or any of its Subsidiaries have been paid in full or adequate provision has been made for any such Taxes on NVSL’s balance sheet (in accordance with GAAP).
Since December 31, 2008, (i) NVSL and its Subsidiaries have conducted their respective businesses only in the ordinary and usual course of such businesses consistent with their past practices; and (ii) there has not been any event or occurrence that has had, or is reasonably expected to have, a Material Adverse Effect on NVSL.
NVSL Bank’s deposits are insured by the FDIC to the fullest extent permitted by law.
If Borrower elects whether for its own account or for the Subsidiary Borrowers to pay interest on any Revolving Credit Loan based on a Euro-Dollar Rate, notice must be given to Agent at least three Euro-Dollar Business days prior to the requested disbursement date.
Subject to any specific provisions of this Agreement, it is the intent of the parties hereto that NVSL by reason of this Agreement shall not be deemed (until consummation of the transactions contemplated hereby) to control, directly or indirectly, SSE or to exercise, directly or indirectly, a controlling influence over the management or policies of SSE.
There is no audit examination, deficiency assessment, tax investigation or refund litigation with respect to any Taxes of NVSL or any of its Subsidiaries, and no claim has been made in writing by any authority in a jurisdiction where NVSL or any of its Subsidiaries do not file Tax returns that NVSL or any such Subsidiary is subject to taxation in that jurisdiction.
NVSL and each of its Subsidiaries conducts its business in compliance with all statutes, laws, regulations, ordinances, rules, judgments, orders or decrees applicable to it or the employees conducting such business, except where noncompliance would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on NVSL.
No administrative actions have been taken or, to the knowledge of NVSL, threatened or orders issued in connection with any of NVSL’s Reports.
NVSL Bank shall establish an advisory board for the purpose of advising NVSL Bank on its operations in the area served by SSE Bank’s offices and generating additional business contacts for NVSL Bank in such area.
Thereafter, NVSL Bank may disband the advisory board at any time in its sole discretion.