Principal Banking Subsidiary definition

Principal Banking Subsidiary means any Banking Subsidiary the consolidated assets of which as set forth in the statement of condition of such Banking Subsidiary for the most recently completed fiscal year constitute 30% or more of the Company’s consolidated assets as set forth in the statement of condition of the Company for the most recently completed fiscal year.
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Principal Banking Subsidiary means Branch Banking and Trust Company, which is the only principal banking subsidiary of the Company. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the several Offerors and the several Underwriters. Very truly yours, BB&T CAPITAL TRUST V By: /s/ Xxxxxxxxxxx X. Xxxxxx Name: Xxxxxxxxxxx X. Xxxxxx Title: Administrative Trustee BB&T CORPORATION By: /s/ Xxxxxxxxxxx X. Xxxxxx Name: Xxxxxxxxxxx X. Xxxxxx Title: Senior Executive Vice President and Chief Financial Officer The foregoing Agreement is hereby confirmed and accepted as of the date specified in Schedule I hereto XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX By: /s/ Xxxxx Xxxxxxxxxx Name: Xxxxx Xxxxxxxxxx Title: Director BB&T CAPITAL MARKETS, a division of Xxxxx & Xxxxxxxxxxxx, Inc. By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Senior Managing Director XXXXXX XXXXXXX & CO. INCORPORATED By: /s/ Xxxx Xxxxxxxxxxx Name: Xxxx Xxxxxxxxxxx Title: Executive Director Each for itself and the other several Underwriters, if any, named in Schedule II to the foregoing Agreement.
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Principal Banking Subsidiary means Branch Banking and Trust Company, which is the only principal banking subsidiary of the Company. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the several Offerors and the several Underwriters. Very truly yours, By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Administrative Trustee By: /s/ Xxxxx X. Bible Name: Xxxxx X. Bible Title: Senior Executive Vice President and Chief Financial Officer The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Yurij Slyz Name: Yurij Slyz Title: Vice President By: /s/ Xxxxxx Xxxxxxxx Name: Xxxxxx Xxxxxxxx Title: MD, Capital Markets Each for itself and the other several Underwriters, if any, named in Schedule II to the foregoing Agreement. (a) Representatives Xxxxxx Xxxxxxx & Co. Incorporated Banc of America Securities LLC (b) Free Writing Prospectuses (Sections 1(A)(d) and 5(B)(iii)) Final Term Sheet, dated July 21, 2009, prepared and filed pursuant to Section 5(A)(a)
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Examples of Principal Banking Subsidiary in a sentence

  • The Principal Banking Subsidiary is the only depository institution subsidiary of the Company and the Principal Banking Subsidiary is a member in good standing of the Federal Home Loan Bank System.

  • The deposit accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such insurance is pending or, to the knowledge of the Company, threatened.

  • The Principal Banking Subsidiary is “well capitalized” (as that term is defined at 12 C.F.R. 6.4(b)(1)) and neither the Company nor the Principal Banking Subsidiary has been informed by any Bank Regulatory Authority that its status as “well-capitalized” will change within one year.

  • As used herein, “Privacy Statements” means, collectively, any and all of the Principal Banking Subsidiary’s privacy statements and policies published on websites or products or otherwise made available by the Principal Banking Subsidiary regarding the collection, retention, use and distribution of the personal information of an individual, including, without limitation, from visitors or users of any websites or products of the Principal Banking Subsidiary (“Individuals”).

  • There are no outstanding rights, warrants or options to acquire or instruments convertible into or exchangeable for any capital stock or equity securities of the Principal Banking Subsidiary.

  • The deposit accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such insurance is pending or, to the knowledge of the Principal Banking Subsidiary, threatened.

  • The Principal Banking Subsidiary has a reasonable basis for making each of the representations set forth in this Section 2.

  • If the foregoing is in accordance with your understanding of our agreement, kindly sign and return to the Company and the Principal Banking Subsidiary the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms.

  • The Company and the Principal Banking Subsidiary have no knowledge of any facts and circumstances, and have no reason to believe that any facts or circumstances exist, that would cause the Principal Banking Subsidiary to be deemed not to be in satisfactory compliance with the Community Reinvestment Act (“CRA”) and the regulations promulgated thereunder or to be assigned a CRA rating by federal or state banking regulators of lower than “satisfactory”.

  • The Principal Banking Subsidiary is not, and will not be after consummation of the Transactions, required to register as an “investment company” under the Investment Company Act.


More Definitions of Principal Banking Subsidiary

Principal Banking Subsidiary means Branch Banking and Trust Company, which is the only principal banking subsidiary of the Company.
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Principal Banking Subsidiary means Branch Banking and Trust Company, which is the only principal banking subsidiary of the Company. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement among the several Offerors and the several Underwriters. Very truly yours, By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Administrative Trustee By: /s/ Xxx X. Xxxxxxx Name: Xxx X. Xxxxxxx Title: Executive Vice President and Treasurer The foregoing Agreement is hereby confirmed and accepted as of the date first above written. By: /s/ Xxxxxx Xxxxxxxx Name: Xxxxxx Xxxxxxxx Title: Managing Director By: /s/ Yurij Slyz Name: Yurij Slyz Title: Vice President By: /s/ Xxxxxxx X. Xxxxxx Name: Xxxxxxx X. Xxxxxx Title: Vice President Each for itself and the other several Underwriters, if any, named in Schedule II to the foregoing Agreement.
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Principal Banking Subsidiary means any Subsidiary, including its Subsidiaries, which (1) is principally engaged in the banking business, and (2) meets any of the following conditions: (i) the Company's and its other Subsidiaries' investments in and advances to the Subsidiary exceed 30% of the total assets of the Company and its Subsidiaries consolidated as of the end of the most recently completed fiscal year; (ii) the Company's and its other Subsidiaries'
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Related to Principal Banking Subsidiary

  • Financing Subsidiary means an SPE Subsidiary or an SBIC Subsidiary.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • NIM Issuer The entity established as the issuer of the NIM Securities.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Depositor Affiliate has the meaning specified in Section 4.9.