Common use of BANKING ACT Clause in Contracts

BANKING ACT. No member of the Group is a bank, a holding company of a bank, a building society or a credit union, or a group undertaking of any such entities as such terms are defined in Part 1 of the Banking ▇▇▇ ▇▇▇▇.

Appears in 2 contracts

Sources: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

BANKING ACT. No member of the Group is a bank, a holding company of a bank, a building society or a credit union, or a group undertaking of any such entities as such terms are defined in Part 1 of the Banking ▇▇Ac▇ ▇▇▇▇.

Appears in 1 contract

Sources: $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)