Supervisory Action definition

Supervisory Action means and include the issuance by or at the behest of any bank regulatory authority of a letter agreement, memorandum of understanding (regardless of whether consented or agreed to by the party to whom it is addressed), cease and desist order, injunction, directive, restraining order, formal agreement, notice of charges, or civil money penalties, against Borrower, the Bank, or any other Subsidiary or the directors or officers of any of them, whether temporary or permanent.
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Supervisory Action means any action, whether civil, criminal, administrative, or equivalent action, to enforce federal or state banking, or any other applicable laws or regulations including those for the correction of unsafe or unsound conditions or practices.
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Supervisory Action means and include the issuance by any bank regulatory authority of a letter agreement or memorandum of understanding (regardless of whether consented or agreed to by the party to whom it is addressed); or the issuance by or at the behest of any bank regulatory authority of a cease and desist order, injunction, directive, restraining order, notice of charges, or civil money penalties, against Borrower, Bank or the directors or officers of either of them, whether temporary or permanent. Remedies If an Event of Default shall occur, at any time thereafter, Lender may, at its option without demand or notice (except as otherwise provided herein), the same being expressly waived, declare the Loan, with interest thereon, to be immediately due and payable, and may proceed to exercise all rights and remedies available under the Pledge Agreement, under any other Loan Document, at law or in equity, concurrently or sequentially, in such order as Lender may elect, all such rights and remedies being cumulative.
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Examples of Supervisory Action in a sentence

  • Neither Borrower, the Bank nor any other Subsidiary is subject to any Supervisory Action by any federal or state bank regulatory authority, except as set forth on Schedule 4.6 attached hereto and incorporated by reference herein.

  • Efforts to kill lionfish, by contrast, are concentrated mostly in a few tourist spots.

  • A Supervisory Action Report54 (SAR) noted how the officers failed to promptly call for assistance and eventually a helicopter was contacted for tracking assistance, but officer’s efforts to search the area were fruitless due to the elapsed time from the escape until air units were notified and could respond to the area.

  • T h e r e- visio n s t o S ec t io n IX, P a r t A we a r e i n- co r po r a t i n g b y r efe r e n ce wi t h t h i s a c- t io n do n o t r epl a ce S ec t io n 9, P a r t A e n t i r el y , b u t r evise po r t io n s of S ec t io n 9.

  • The following Thrift Bulletins are hereby rescinded:TB 13: Responsibilities of the Board of Directors and Management with Regard to Interest Rate Risk;TB 13-1: Implementation of Thrift Bulletin 13;TB 13-2: Implementation of Thrift Bulletin 13;TB 52: Supervisory Statement of Policy on Securities Activities;TB 52-1: “Mismatched” Floating Rate CMOs; andTB 65: Structured Notes.Also rescinded is New Directions Bulletin 95-10, Interim Policy On Supervisory Action to Address Interest Rate Risk.

  • Supervisory Action – Progressive Discipline Supervisory action will be administered in a fair and equitable manner without prejudice or favoritism.

  • ESMA, Public Statement, ESMA Presents the results of the 2020 Common Supervisory Action on UCITS liquidity management (March 24, 2021) at 2.

  • Cost cutting measures like rationalising branch network, reducing staff expenses and other overheads, implementing VRS, etc.71 The financial triggers are specified in the Supervisory Action Framework (SAF) issued to UCBs vide DOR (PCB).BPD.

  • He said that bilateral TA expanded to 13 countries in 2019, up from 7 in 2018, while the SFEP program involved Risk Rating, Supervisory Action Planning, On-site examination, Risk Management Assessment, Financial Risk Analysis, Prudential Reporting, Prudential Standards, and Legislation.

  • Sometimes, the analysis may also act as a trigger to take up an UCB for inspection before it is scheduled.Supervisory Action Framework (SAF)RBI has put in place a Supervisory Action Framework (SAF) under Sec.36(1) of BR Act, 1949 (AACS) for UCBs experiencing financial stress.

Related to Supervisory Action

  • Emergency Action means any emergency action for locational or system-wide capacity shortages that either utilizes pre-emergency mandatory load management reductions or other emergency capacity, or initiates a more severe action including, but not limited to, a Voltage Reduction Warning, Voltage Reduction Action, Manual Load Dump Warning, or Manual Load Dump Action.

  • Disciplinary Action means any action that can be taken on the completion of / during the investigation proceedings including but not limiting to a warning, imposition of fine, suspension from official duties or any such action as is deemed to be fit considering the gravity of the matter.

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Regulatory Action means an administrative, regulatory, or judicial enforcement action, proceeding, investigation or inspection, FDA Form 483 notice of inspectional observation, warning letter, untitled letter, other notice of violation letter, recall, seizure, Section 305 notice or other similar written communication, injunction or consent decree, issued by the FDA or a federal or state court.

  • Supervisory Permission means, in relation to any action, such supervisory permission (or, as appropriate, waiver) from the Regulator and/or the Relevant Resolution Authority as is required therefor under Applicable Banking Regulations.

  • Supervisory Board means the supervisory board of the Company.

  • Management Board means the management board of the Company.

  • Board of Supervisors means the Board of Supervisors of Kern County.

  • supervisory body means a functionary or institution referred to in Schedule 2;

  • Supervisor means Advisors Asset Management Inc., and its successors in interest, or any successor evaluator appointed as hereinafter provided."

  • Supervisory Committee means the Comisión Fiscalizadora of the Company.

  • Operating Committee means the Operating Committee of Epoch which meets frequently and is responsible for implementing the Company’s strategy, making operational decisions and overseeing the day-to-day running of the Company.

  • Network Operating Committee means a group made up of representatives from the Network Customer(s) and the Transmission Provider established to coordinate operating criteria and other technical considerations required for implementation of Network Integration Transmission Service under Tariff, Part III.

  • Supervisory Authority shall have the same meaning as in the GDPR, and their cognate terms shall be construed accordingly.

  • Joint Remediation Committee has the meaning set forth in Section II.A.2.

  • Discriminatory Action shall occur if:

  • Board means the Board of Directors of the Company.

  • Emergency Action Plan means the plan referred to in Section I.G of Schedule 2 to this Agreement, detailing the activities, budget, implementation plan, and monitoring and evaluation arrangements, to respond to the Eligible Crisis or Emergency.

  • Necessary Action means, with respect to a specified result, all actions (to the extent such actions are permitted by applicable law and within such party’s control) necessary to cause such result, including (i) voting or providing a written consent or proxy with respect to shares of Common Stock, (ii) causing the adoption of stockholders’ resolutions and amendments to the organizational documents of the Company, (iii) executing agreements and instruments and (iv) making, or causing to be made, with governmental, administrative or regulatory authorities, all filings, registrations or similar actions that are required to achieve such result.

  • Annual General Meeting means the meeting held by the Society in the first four months (or such other period as permitted by the Statutes) of each Financial Year at which the Annual Accounts are presented and which is specified as such in the notice convening the meeting;

  • Company Board of Directors means the board of directors of the Company.

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Board of Directors means the board of directors of the Company.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Executive Committee means the Executive Committee of the Board.

  • Special General Meeting means a general meeting other than the annual general meeting;