Default of the Bank. If any banking subsidiary of the Corporation is in default (as defined in Section 3(x)(1) of the FDIA, 12 U.S.C. § 1813(x)(1)), all obligations under this Agreement will terminate as of the date of default, but vested rights of the contracting parties will not be affected.
Appears in 4 contracts
Sources: Change in Control Agreement (First Niagara Financial Group Inc), Change in Control Agreement (First Niagara Financial Group Inc), Change in Control Agreement (First Niagara Financial Group Inc)