Section 20 Subsidiary definition

Section 20 Subsidiary means the Subsidiary of the bank holding company controlling PNC, which Subsidiary has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities.

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Section 20 Subsidiary means a subsidiary of the bank holding company controlling any Lender, which subsidiary has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities.

Examples of Section 20 Subsidiary in a sentence

Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary.
The Loan Parties do not intend to use and shall not use any portion of the proceeds of the Loans, directly or indirectly, to purchase during the underwriting period, or for thirty (30) days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary.
In no event shall any Bank or the Agent be obligated or required to return any materials furnished to it or any Section 20 Subsidiary by the Borrower or any of its Subsidiaries.
Borrower does not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary.
In no event shall any Bank or the Agent be obligated or ----- required to return any materials furnished to it or any Section 20 Subsidiary by the Borrower or any of its Subsidiaries.

More Definitions of Section 20 Subsidiary

Section 20 Subsidiary means the Subsidiary of the bank holding

Section 20 Subsidiary means the Subsidiary of the bank holding company controlling NCBC, which Subsidiary has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities.

Section 20 Subsidiary has the meaning specified in Section 8.7(b).

Section 20 Subsidiary means the subsidiary of the bank holding --------------------- company of any Bank, which has been granted authority by the FRB to underwrite and deal in Ineligible Securities.

Section 20 Subsidiary means U.S. Bancorp Investments, Inc., a wholly owned direct or indirect Subsidiary of the Acquiror.

Section 20 Subsidiary means the Subsidiary of the bank holding company controlling any Lender, which Subsidiary has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities. Short-Term Applicable Commitment Fee shall have the meaning ascribed to it in Section 2.03 of this Agreement. Short-Term Commitment Fee shall have the meaning ascribed to it in Section 2.03 of this Agreement. Short-Term Expiration Date means May 31, 1999, unless extended in accordance with the provisions of Section 2.04(b) hereof. Short-Term Revolving Credit Commitment shall mean, as to any Lender at any time, the aggregate amount initially set forth opposite its name on Schedule l.0l(a) in the column labeled "Amount of Commitment for Revolving Credit Loans--Short-Term", and thereafter on Schedule I to the most recent Assignment and Assumption Agreement, as the same may be reduced pursuant to Sections 2.04 or 2. l0(a) hereof, and Short-Term Revolving Credit Commitments shall mean the aggregate Short-Term Revolving Credit Commitments of all of the Lenders.

Section 20 Subsidiary means the Subsidiary of the bank holding company controlling any Bank, which Subsidiary has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities; and "INELIGIBLE SECURITIES" means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. (S)24, Seventh), as amended.