TDFI definition
Examples of TDFI in a sentence
To the extent permitted by the Federal Reserve, the FDIC, and the TDFI, this Agreement may be amended by a subsequent writing signed by the parties hereto upon the approval of the board of directors of each of the parties hereto.
Moreover, if after achieving the capital levels required by the Consent Order and the Written Agreement, the Bank’s capital levels fell below those that the Bank had committed to maintain in the Consent Order and the Written Agreement, the Company believes that the FDIC and TDFI would not approve the payment of any further dividends to the Company until the Bank’s capital levels were again above those required by the Consent Order and the Written Agreement.
SmartFinancial shall use its reasonable best efforts to make any initial application, notice, and waiver filings required by the Federal Reserve, the TDFI, or the NCCOB in connection with the Mergers on or before March 15, 2019.
SmartFinancial shall use commercially reasonable efforts to make any initial application, notice, and waiver filings required by the Federal Reserve or the TDFI in connection with the Parent Merger within 60 days after the date of this Agreement.
Without limiting the generality of the foregoing, as soon as practicable and in no event later than thirty (30) business days after the date of this Agreement, Parent and Target shall, and shall cause their respective Subsidiaries to, each prepare and file any applications, notices and filings required to be filed with any Governmental Entity or Regulatory Agency, including the FRB, FDIC, TDFI or NCCOB, in order to obtain the Requisite Regulatory Approvals.
Unless otherwise specified as contemplated by Section 3.1, if less than all the Securities (including coupons, if any) of a series with the same terms are to be redeemed, the Trustee, not more than 45 days prior to the redemption date, shall select the Securities of the series to be redeemed in such manner as the Trustee shall deem fair and appropriate.
In the event that each of the Bank’s capital levels (including its leverage capital) were above the levels required by the Written Agreement and the Consent Order, the Bank’s ability to pay dividends to the Company would continue to be subject to the remaining requirements of the Consent Order and the Written Agreement, each of which require the prior consent of the FDIC and TDFI before the Bank may pay dividends.
The Bank is subject to primary regulatory supervision and examination by the Tennessee Department of Financial Institutions ("TDFI").
Seller Bank has timely filed all reports, registrations and statements, together with any amendments required to be made with respect thereto, that it was required to file since December 31, 1995 with (i) the FDIC, (ii) the TDFI and (iii) any other applicable regulatory organization (collectively, the "Regulatory Agencies"), and has paid all fees and assessments due and payable in connection therewith.
TriSummit shall use its commercially reasonable efforts to redeem all of the outstanding shares of TriSummit Series B Preferred Stock, TriSummit Series C Preferred Stock, and TriSummit Series D Preferred Stock prior to the Effective Time, subject, however, to the receipt of all required consents, approvals, and authorization of, and there being no objection to such redemption by, the Federal Reserve Board or the TDFI.