Principal Constituent Bank definition

Principal Constituent Bank means any Constituent Bank the consolidated assets of which as set forth in the most recent statement of condition of such Bank constitute 15% or more of the Company's consolidated assets as determined from the most recent quarterly balance sheet of the Company.
Principal Constituent Bank means New York Community Bank or such other Constituent Bank(s) of the Company that has total assets equal to 30% or more of the Company's assets as may be designated from time to time, pursuant to a Board Resolution and set forth in an Officers' Certificate, pursuant to the terms of Section 3.01 hereof. If a Constituent Bank is designated as a Principal Constituent Bank in connection with the Securities of any series, such Principal Constituent Bank shall remain a Principal Constituent Bank until such time as the Securities of such series are repaid.
Principal Constituent Bank means Branch Bank and, at any time, any other bank subsidiary the total assets of which, as set forth in the most recent statement of condition of such bank subsidiary, equal more than 30% of the total assets of all bank subsidiaries as determined from the most recent statements of condition of the bank subsidiaries.

Examples of Principal Constituent Bank in a sentence

  • As used in this Article Six, the term “indebtedness” shall not include any transaction (including an agreement with respect thereto) that is an interest rate swap, interest rate option, equity or equity index swap, equity or equity index option, bond or bond index swap, bond or bond index option, or similar transaction, or any combination thereof, entered into by a Principal Constituent Bank in the ordinary course of its business.

  • Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights (charter and statutory) and franchises and the corporate existence, rights (charter and statutory) and franchises of each Principal Constituent Bank.


More Definitions of Principal Constituent Bank

Principal Constituent Bank means any Constituent Bank the consolidated assets of which as set forth in the most recent statement of condition of such Bank constitute 15% or more of the Company's consolidated assets as determined from the most recent statements of condition of the Company.
Principal Constituent Bank means any Constituent Bank the total assets of which as set forth in the most recent statement of condition of such Bank equal more than 10% of the total assets of all Constituent Banks as determined from the most recent statements of condition of the Constituent Banks.
Principal Constituent Bank. The term "Principal Constituent Bank" means, at any time, Mercantile Bank National Association and any other Constituent Bank the total assets of which (as set forth in the most recent statement of condition of such Constituent Bank) equal more than 20% of the total assets of all Constituent Banks as determined from the most recent statements of condition of the Constituent Banks. principal office of the Trustee: The term "principal office of the Trustee" or any other similar term means the principal office of the Trustee at which at any particular time its corporate trust business shall be administered, which office, at the date of this Indenture, is located at 000 Xxxx Xxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000.
Principal Constituent Bank means a Constituent Bank the consolidated assets of which constitute 25 percent or more of the Company's consolidated assets as determined from the most recent statement of financial condition of the Company.
Principal Constituent Bank means Xxxxxxx Bank or such other Constituent Bank(s) of the Company that has consolidated assets equal to 35% or more of the Company’s consolidated assets, as may be designated from time to time, pursuant to a Board Resolution and set forth in an Officers’ Certificate. If a Constituent Bank is designated as a Principal Constituent Bank in connection with the Notes, such Principal Constituent Bank shall remain a Principal Constituent Bank until such time as the Notes are no longer Outstanding.
Principal Constituent Bank means Commerce Bank or such other Constituent Bank(s) of the Company that has total assets equal to 30% or more of the Company's assets as may be designated from time to time, pursuant to a Board Resolution and set forth in an Officers' Certificate, pursuant to the terms of Section 3.01 hereof. If a Constituent Bank is designated as a Principal Constituent Bank in connection with the Securities of any series, such Principal Constituent Bank shall remain a Principal Constituent Bank until such time as the Securities of such series are repaid.
Principal Constituent Bank means Pacific Trust Bank, a federally chartered savings bank, or such other Constituent Bank that has consolidated assets equal to 45% or more of the Issuer’s consolidated assets as determined from the Issuer’s most recent consolidated statement of financial condition.