Suspends payments definition

Suspends payments with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.
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Suspends payments with respect to a bank means that it has
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Suspends payments with respect to a bank means that it has been closed by order of the
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Examples of Suspends payments in a sentence

  • A settlement may be either provisional or final; (m) "Suspends payments" with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • Securing and training of personnel The Group believes that as it expands its businesses, it needs to continue to secure personnel going forward.

  • A settlement may be either provisional or final; (((12))) (l) "Suspends payments" with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • Suspends payments'' with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • A settlement may be either provisional or final; (12) "Suspends payments" with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • Sender." Section 4A.103.(c) The following definitions in Chapter 4 apply to this chapter:(1) "Clearinghouse." Section 4.104.(2) "Item." Section 4.104.(3) "Suspends payments." Section 4.104.(d) In addition, Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.Added by Acts 1993, 73rd Leg., ch.


More Definitions of Suspends payments

Suspends payments with respect to a bank means
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Suspends payments with respect to a bank means that it has been closed by order
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Suspends payments with respect to a bank means that
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Related to Suspends payments

  • Suspend or "suspension" means that the document or privilege suspended has been temporarily

  • Payments has the meaning set forth in Section 8.11.

  • Ordinary Cash Dividends means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

  • Dividends shall have the meaning provided in Section 10.6.