Sovereign Bank definition

Sovereign Bank means Sovereign Bank, a federal savings bank, and any successor thereto.
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Sovereign Bank has the meaning given that term in the Recitals hereto.
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Sovereign Bank means Sovereign Bank, FSB, a federal savings bank, all the outstanding capital stock of which is owned by Sovereign. Sovereign Common Stock has the meaning given to that term in Section 3.02(a) of this Agreement.
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Examples of Sovereign Bank in a sentence

  • Sovereign Bank has full corporate power and authority to execute and deliver the Bank Plan of Merger and to consummate the Bank Merger.

  • The Bank Plan of Merger, upon its execution and delivery by Sovereign Bank concurrently with the execution and delivery of this Agreement, will constitute the valid and binding obligation of Sovereign Bank, enforceable against Sovereign Bank in accordance with its terms, subject to applicable conservatorship and receivership provisions of the FDIA, or insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to general principles of equity.

  • Each share of Sovereign Bank Common Stock issued and outstanding immediately prior to the Effective Date shall, on and after the Effective Date, continue to be issued and outstanding as a share of common stock of the Surviving Bank.

  • On and after the Effective Date, the Charter and Bylaws of Sovereign Bank, as in effect immediately prior to the Effective Date, shall automatically be and remain the Charter and Bylaws of the Surviving Bank, until altered, amended or repealed.

  • Sovereign Bank is a federal savings bank and a wholly-owned subsidiary of Sovereign Bancorp, Inc., a Pennsylvania corporation ("Sovereign").

  • The authorized capital stock of Sovereign Bank consists of 1,000 shares of common stock, par value $1.00 per share ("Sovereign Bank Common Stock"), of which at the date hereof 1,000 shares are issued and outstanding.

  • After the Effective Date, Sovereign Bank will continue to issue savings accounts on the same basis as immediately prior to the Effective Date.

  • Although the March Letter Agreement was conditioned upon the execution of similar agreements relating to the Xxxxxx and Sovereign Bank facilities, Borrower, by its acknowledgment of and agreement to this letter below, has confirmed that those agreements have been obtained and that all of the conditions of the March Letter Agreement have been satisfied.

  • On and after the Effective Date, the officers of the Surviving Bank shall consist of the officers of Sovereign Bank duly elected and holding office immediately prior to the Effective Date.

  • Subject to Landlord obtaining Boston Redevelopment Authority and City of Boston approvals, as well as approvals and/or relocation agreements of tenants affected by proposed construction, including without limitation Barneys New York, Banana Republic, Sovereign Bank, BCBG and Xxxxx Xxxxxx, Landlord shall, at Landlord’s sole cost and expense, complete the planned renovations to the Property (not limited to new office lobby on retail level, upgraded sky lobby, conference center and roof deck).


More Definitions of Sovereign Bank

Sovereign Bank means Sovereign Bank, N.A.
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Related to Sovereign Bank

  • Foreign Bank means an organization that (i) is organized under the laws of a foreign country, (ii) engages in the business of banking, (iii) is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations, (iv) receives deposits to a substantial extent in the regular course of its business, and (v) has the power to accept demand deposits, but does not include the U.S. branches or agencies of a foreign bank;

  • Sovereign means any state, political subdivision or government, or any agency, instrumentality, ministry, department or other authority (including, without limiting the foregoing, the central bank) thereof;

  • Sovereign Risk means nationalization, expropriation, currency devaluation, revaluation or fluctuation, confiscation, seizure, cancellation, destruction or similar action by any governmental authority, de facto or de jure; or enactment, promulgation, imposition or enforcement by any such governmental authority of currency restrictions, exchange controls, taxes, levies or other charges affecting a Fund's Assets; or acts of armed conflict, terrorism, insurrection or revolution; or any other act or event beyond the Custodian's or such other Person's control.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Name of Institution Federated Bank Loan Core Fund By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: VP-Sr Analyst/Portfolio Manager For any institution requiring a second signature line: By: Name: Title: ☒ In addition to consenting to the Amendment, the above signed institution also elects to roll on a cashless basis its Term B Loans into such Term B Loans as amended by this Amendment. The undersigned hereby executes this Amendment as a Consenting Term B Lender (i.e. a Lender holding Term B Loans). Name of Institution: First American Title Insurance Company By: Pacific Investment Management Company LLC, as its Investment Advisor By: /s/ Xxxxxx Y.D. Xxx Name: Xxxxxx Y.D. Ong Title: Executive Vice President For any institution requiring a second signature line: By: Name: Title: ☒ In addition to consenting to the Amendment, the above signed institution also elects to roll on a cashless basis its Term B Loans into such Term B Loans as amended by this Amendment. The undersigned hereby executes this Amendment as a Consenting Term B Lender (i.e. a Lender holding Term B Loans). Name of Institution: Flagship CLO VIII Ltd BY: Deutsche Investment Management Americas Inc., As Interim Investment Manager By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Portfolio Manager For any institution requiring a second signature line: By: /s/ Xxx Xxxxxxxxx Name: Xxx Xxxxxxxxx Title: Vice President ☒ In addition to consenting to the Amendment, the above signed institution also elects to roll on a cashless basis its Term B Loans into such Term B Loans as amended by this Amendment. The undersigned hereby executes this Amendment as a Consenting Term B Lender (i.e. a Lender holding Term B Loans).

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Bank is defined in the preamble hereof.

  • Bank of America means Bank of America, N.A. and its successors.

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Licensed financial institution means a financial institution issued a license under this act.

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • Approved Foreign Bank has the meaning specified in the definition of “Cash Equivalents.”

  • Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.