Target Bank definition

Target Bank means The Bank of Ocilla, a Georgia state-chartered bank and a TARGET Subsidiary.
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Target Bank means Citizens Bank Wakulla, a Florida-chartered bank and a Target Subsidiary.
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Target Bank means a bank incorporated outside the Republic in which the applicant bank seeks to acquire control.
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Examples of Target Bank in a sentence

  • The Target Bank Balance will serve as working capital for Hotel operations and any interest earned on the Target Bank Balance shall belong to the Hotel.

  • Owner acknowledges that the Target Bank Balance will be administered by Manager on a consolidated basis across the portfolio of hotels owned by Owner and listed on Exhibit “D” attached hereto.

  • It is acknowledged by Manager and Owner that the Target Bank Balance will fluctuate during each Fiscal Month and that Manager shall have no obligation to fund any deficiency in the Target Bank Balance.

  • In addition, the Bank also has a five-year option to acquire additional 20% of the existing issued shares of Target Bank exercisable from the second anniversary of the date that the transaction is completed (the “Call Option”).

  • Owner shall, within three (3) business days of receiving written notice from Manager that the actual working capital balance is more than ten percent (10%) less than the Target Bank Balance, furnish Manager with, or Manager may retain from amounts otherwise distributable to or on behalf of Owner on a monthly basis if available, sufficient funds to make up any deficiency in the Target Bank Balance.


More Definitions of Target Bank

Target Bank means First National Bank of Forsyth County, a national bank.
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Target Bank means The First Bank of Brunswick, a Georgia state- chartered bank and a TARGET Subsidiary.
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Target Bank is a member of the Federal Home Loan Bank of Pittsburgh ("FHLB").
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Target Bank shall have the meaning given such term in the introductory clause.
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Target Bank means Reliant Bank, a Tennessee state-chartered bank and direct, wholly owned subsidiary of Target.
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Target Bank means Summit Bank Limited, the bank which these services are required to be carried out;
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Target Bank means the People's Community Bank, a Tennessee-chartered commercial bank, having its principal place of business in Johnson City, Tennessee.
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