OCFI definition

OCFI means the Office of the Commissioner of Financial Institutions of Puerto Rico.
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OCFI has the meaning set forth in the recitals.
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Examples of OCFI in a sentence

  • FirstBank is a commercial bank duly organized and validly existing under the laws of the Commonwealth of Puerto Rico and is duly licensed by the OCFI.

  • All such reports and statements filed with any such regulatory body or authority are collectively referred to herein as the “Company Reports.” As of their respective dates, the Company Reports complied as to form in all material respects with all the rules and regulations promulgated by the FRB, the FDIC, the OCFI and any other applicable foreign, federal or state securities or banking authorities, as the case may be.

  • Since December 31, 2008, the Company and each Subsidiary have filed all material reports, registrations and statements, together with any required amendments thereto, that it was required to file with the FRB, the FDIC, the OCFI and any other applicable federal or state securities or banking authorities, except where the failure to file any such report, registration or statement would not have or reasonably be expected to have a Material Adverse Effect.

  • If your Account is deemed abandoned, as provided above, the balance of your Account will be forwarded to the OCFI as required by applicable Puerto Rico law.

  • Thereafter, you may recover the money by making a claim directly to the OCFI within the applicable period provided by law and as disclosed by BIBTC.

  • OCFI has no other securities, warrants or options authorized or issued.

  • Any assignment of this Agreement must first be authorized by the OCFI and the OIC.

  • The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust or other material contract, agreement or instrument to which OCFI is a party or to which any of its properties or operations are subject.

  • Buyer is a Puerto Rico chartered FDIC-insured state nonmember bank that is licensed by the OCFI and has full power and authority to conduct a banking business as now conducted by it; and (ii) Buyer Parent is a financial holding company that is subject to regulation, supervision and examination by the Federal Reserve.

  • All such reports, registrations and statements filed with any such regulatory body or authority are collectively referred to herein as the “Company Reports.” As of their respective dates, the Company Reports complied as to form in all material respects with all the rules and regulations promulgated by the FRB, the FDIC, the OCFI and any other applicable foreign, federal or state securities or banking authorities, as the case may be.

Related to OCFI

  • QFC has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

  • CBC means the Collective Bargaining Committee

  • NPCI means National Payments Corporation of India;

  • OMHA means Ontario Minor Hockey Association (or such other name as the OMHA may in the future legally adopt);

  • DTS means Days to Settlement, i.e., the number of actual days elapsed from and including the original Closing Day with respect to such Accepted Note (in the case of the first such payment with respect to such Accepted Note) or from and including the date of the next preceding payment (in the case of any subsequent delayed delivery fee payment with respect to such Accepted Note) to but excluding the date of such payment; and "PA" means Principal Amount, i.e., the principal amount of the Accepted Note for which such calculation is being made. In no case shall the Delayed Delivery Fee be less than zero. Nothing contained herein shall obligate any Purchaser to purchase any Accepted Note on any day other than the Closing Day for such Accepted Note, as the same may be rescheduled from time to time in compliance with paragraph 2B(7).