Examples of Selling Bank in a sentence
Upon the consummation of any sale pursuant to this Section 8.06, the Selling Bank, the Agent and the Borrower shall make appropriate arrangements so that, if required, each Purchasing Bank receives a new Note.
If the Selling Bank needs additional capital for growth or otherwise, the approach by the Buyer usually emphasizes that an affiliation with the Buyer will provide a source of additional capital so that the bank may continue to grow and serve its community.
M S Hay and C G Middlestead, Women in combat: An overview of the implications for recruiting, Research Report 1568, US Army Research Institute for the Behavioural and Social Sciences (1990), p 23 quoted in S Chapman, ‘Increasing the Operational Effectiveness of Women in the Australian Defence Force’ (1999) 139 Australian Defence Force Journal 25, p 26.
Another issue that is extremely important to the Selling Bank is that the definitive agreement contain, as a condition to closing, the rendering of a fairness opinion.
It is generally most efficient for the Selling Bank to retain outside experts to either completely conduct the due diligence examination or at least assist and direct the examination with the assistance of key people from the Seller.
Many times, the needs of the Selling Bank will depend primarily upon the financial condition of the Seller.
Other than as provided above, no Selling Bank makes any representation or warranty and assumes no responsibility with respect to the Commitments, the Loans, this Agreement or any other instrument or document furnished pursuant thereto, the financial condition of the Company, or the performance or observance by the Company hereunder.
As a result, it is imperative that counsel, accountants, and management of the Selling Bank be actively involved in the disclosure process.
Each Selling Bank represents and warrants to each Buying Bank that it is the legal and beneficial owner of the Commitment and Loans being assigned by it and that the same are free and clear of any adverse claim.
The Seller must remember that to the extent the document is a proxy statement for a special meeting of the Seller’s shareholders, it is also a securities disclosure statement of the Selling Bank and must contain all material and proper disclosures about the Selling Bank.