Safe Deposit Business definition

Safe Deposit Business means the safe deposit business conducted by Seller at the Branches, including, but not limited to the Safe Deposit Assets, all of Seller’s rights and benefits (other than fees due and collected prior to the Closing Date) under safe deposit lease agreements, safe deposit box keys, combinations, signature cards and records pertaining thereto.
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Safe Deposit Business means the safe deposit boxes located at the Branches and the safe deposit business associated therewith.
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Safe Deposit Business shall have the meaning set forth in Section 5.13.
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Examples of Safe Deposit Business in a sentence

  • After the Effective Time, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate Governmental Authority of Deposit Liabilities and the Safe Deposit Business that become escheat deposits after the Effective Time to the extent required by applicable law.

  • From and after the Closing Date, Purchaser shall perform and discharge all of Seller's liabilities with respect to the Safe Deposit Business, including maintaining all necessary facilities and providing all necessary services for the use of safe deposit boxes by the renters thereof, in accordance with the terms and provisions of the applicable leases or other agreements relating to such boxes, until such terms and provisions are properly modified by Purchaser.

  • Subject to the terms and conditions of this Agreement, from the Closing Date and thereafter, Purchaser shall assume, discharge and be solely responsible and liable for all liabilities and obligations with respect to the Deposit Accounts, the Safe Deposit Business, the Advance Lines and the Negative Deposits, the Branches, the Service Contracts and the Property, which collectively may be referred to herein as the “Assumed Liabilities”.

  • From and after the Closing Date, Purchaser shall assume all of Seller's liabilities with respect to the safe deposit business associated with the Branches, including but not limited to maintaining all necessary facilities and providing all necessary services for the use of safe deposit boxes by the renters thereof, in accordance with the provisions of the applicable leases or other agreements relating to such boxes (the "Safe Deposit Business").

  • Seller shall make available and transfer to Purchaser in the manner specified in Sections 4.04 and 4.05 hereof, funds equal to the aggregate balance of the Seller Deposit Liabilities (including interest posted or accrued to such accounts), plus prepaid rents relating to the Safe Deposit Business, plus any amount payable pursuant to paragraph 2.05(b), less the amounts provided in subparagraphs (1)-(4).

  • Revisions and amendments will become incorporated into the Proposed By-Laws when approved by the Board, or by two-thirds (2/3) of the members of the community present at any of the three Gatherings considering the proposed By-Laws.Two-thirds (2/3) of the members present and voting at the Gathering when the By-Laws are presented for adoption shall be required to vote in favor of the adoption of the By-laws for them to be adopted.

  • Seller and Purchaser shall give all notices and take all actions required by applicable laws, rules and regulations in connection with such transfer and sale of the Safe Deposit Business.

  • From and after the Closing Date, Purchaser shall perform and discharge all of Seller's obligations to the customers of the Safe Deposit Business in accordance with the provisions of the applicable leases or other agreements relating to such customers.

  • Section 1.1. Transferred Assets Section 1.2. Purchase Price Section 1.3. Deposit Liabilities Section 1.4. Loans Transferred Section 1.5. Safe Deposit Business Section 1.6. Employee Matters Section 1.7.

  • Once the employee has left the company, the bank guarantee could either be used for another employee or got refunded.


More Definitions of Safe Deposit Business

Safe Deposit Business means the maintenance of all necessary facilities for the use of safe deposit boxes by the renters thereof, subject to the provisions of the applicable leases or other agreements relating to such boxes, and the safekeeping of items maintained by the Acquired Branches for the benefit of its customers, pursuant to applicable safekeeping agreements, memoranda or receipts.
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Safe Deposit Business shall have the meaning set forth in Section 5.14.
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Related to Safe Deposit Business

  • Safe Deposit Boxes means the safe deposit boxes of the Failed Bank, if any, including the removable safe deposit boxes and safe deposit stacks in the Failed Bank's vault(s), all rights and benefits under rental agreements with respect to such safe deposit boxes, and all keys and combinations thereto.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Trust business means the business of acting as trustee, executor or administrator;

  • Failed Bank has the meaning set forth in Recital A.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Separate Business means each of the activities of the Licensee connected

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • Local Business means a business serving as a contractor as defined in Business and Professions Code section 7026 or a business supplying construction-related materials that has its principal headquarters or permanently staffed regional office and that has held a business license within the zip codes listed above for Local Hire for a minimum of three months prior to the date the entity submits a bid, contract, or proposal for a Public Project. A Local Business contractor must also be properly registered with the Department of Industrial Relations in accordance with Labor Code section 1725.5. Local Business shall also mean any state or nationally certified minority-owned, women-owned, or disabled veteran business that has performed work for the District or other public agency within the zip codes listed above for Local Hire during the past four years. Certification for a disabled veteran business must be provided to the District. Local Business shall also mean a business that participates in an internship program that is currently approved or recognized by the District. The entity may also apply to obtain District approval of its internship program. The internship program must be approved by the District and must be completed by the end of the specific Public Project or by the next semester immediately after completion of the specific Public Project. Local Business shall also mean any entity that uses apprentices from a District approved apprenticeship program.

  • Deposit Liabilities means all of Seller's duties, obligations and liabilities relating to the deposit accounts of the Branches as of the Effective Time (including accrued but unpaid or uncredited interest thereon).

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • Remaining Business means whichever of the Operating Systems Business and the Applications Businesses is not transferred to a separate entity pursuant to the Plan.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Export-controlled items means items subject to the Export Administration Regulations (EAR) (15 CFR parts 730-774) or the International Traffic in Arms Regulations [(ITAR)] (22 CFR parts 120-130). The term includes—

  • Good repair means about eighty percent of materials and compo- nents are unbroken, have all their pieces, and can be used by children as intended by the manufacturer or builder.

  • Retail business means a business which sells its product directly to a consumer.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Water Course means a natural channel or an artificial channel formed by training or diversion of a natural channel meant for carrying storm and waste water.

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Receivables Records means (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • State Location means any physical location where the State performs work. State Location may include state-owned, leased, or rented space.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.