Parent Bank definition

Parent Bank. , in relation to a bank, means a financial institution which is able to exercise a significant influence over the direction and management of the bank or which has a controlling interest in the bank;

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Parent Bank means, with respect to any Bank, any Person controlling such Bank.

Parent Bank means Banknorth, National Association and any successor thereto.

Examples of Parent Bank in a sentence

Parent Bank shall be the surviving entity in the Bank Merger and, following the Bank Merger, the separate corporate existence of Company Bank shall cease.
Seller, Seller Parent, Bank and Investor agree that the initial press release with respect to the execution and delivery of this Agreement and consummation of the Closing shall be a release mutually agreed to by the parties and that, to the extent practicable, subsequent releases shall be mutually agreed.
Each of Parent and Parent Bank is, and immediately following completion of the Transactions will be, in compliance with all capital requirements applicable to it.
Neither Parent nor Parent Bank has entered into any loan repurchase agreements.
No obligor named in any Parent Loan has provided notice (whether written or, to the Knowledge of Parent or Parent Bank, oral) to Parent or Parent Bank that such obligor intends to attempt to avoid the enforceability of any term of any Parent Loan under any such laws or equitable remedies, and no Parent Loan is subject to any valid defense, set-off, or counterclaim that has been threatened or asserted with respect to such Parent Loan.

More Definitions of Parent Bank

Parent Bank has the meaning set forth in the preamble to this Agreement.

Parent Bank has the meaning ascribed thereto in the recitals to this Agreement.

Parent Bank. , in relation a Merchant Bank, means a bank (whether licensed in Singapore or not), of which the Merchant Bank is a subsidiary;

Parent Bank means parent bank as defined in other legislation;30p

Parent Bank means a state or national bank which operates or has applied to operate a branch in this state;

Parent Bank means Xiamen International Bank Co., Ltd. or any successor thereto.

Parent Bank means a Foreign Bank as defined under sub-regulation (d) or an Indian Bank as defined under sub-regulation (f), or both, as the case may be, that intendsto, or has set up a Banking Unit;