DISPOSITION OF INSTITUTION Clause Samples

DISPOSITION OF INSTITUTION. The trustee under this subchapter may, after notice and a hearing— (1) sell the clearing bank to a depository in- stitution or consortium of depository institu- tions (which consortium may agree on the al- location of the clearing bank among the con- sortium); (2) merge the clearing bank with a deposi- tory institution; (3) transfer contracts to the same extent as could a receiver for a depository institution under paragraphs (9) and (10) of section 11(e) of the Federal Deposit Insurance Act; (4) transfer assets or liabilities to a deposi- tory institution; and (5) transfer assets and liabilities to a bridge depository institution as provided in para- graphs (1), (3)(A), (5), and (6) of section 11(n) of the Federal Deposit Insurance Act, paragraphs
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DISPOSITION OF INSTITUTION. The trustee under this subchapter may, after notice and a hearing— (1) sell the clearing bank to a depository in- stitution or consortium of depository institu- tions (which consortium may agree on the al- location of the clearing bank among the con- sortium); (2) merge the clearing bank with a deposi- tory institution; (3) transfer contracts to the same extent as could a receiver for a depository institution under paragraphs (9) and (10) of section 11(e) of the Federal Deposit Insurance Act; (4) transfer assets or liabilities to a deposi- tory institution; and (5) transfer assets and liabilities to a bridge depository institution as provided in para- graphs (1), (3)(A), (5), and (6) of section 11(n) of the Federal Deposit Insurance Act, paragraphs (9) through (13) of such section, and subpara- graphs (A) through (H) and subparagraph (K) of paragraph (4) of such section 11(n), except that— (A) the bridge depository institution to which such assets or liabilities are trans- ferred shall be treated as a clearing bank for the purpose of this subsection; and (B) any references in any such provision of law to the Federal Deposit Insurance Cor- poration shall be construed to be references to the appointing agency and that references to deposit insurance shall be omitted.
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DISPOSITION OF INSTITUTION. The trustee under this subchapter may, after notice and a hearing— (1) sell the clearing bank to a depository in- stitution or consortium of depository institu- tions (which consortium may agree on the al- location of the clearing bank among the con- sortium); (2) merge the clearing bank with a deposi- tory institution; (3) transfer contracts to the same extent as could a receiver for a depository institution under paragraphs (9) and (10) of section 11(e) of the Federal Deposit Insurance Act;
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Related to DISPOSITION OF INSTITUTION

  • Administration of Inventory Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

  • Protection of Investments 1. All investments made by investors of either Contracting Party shall enjoy, in the territory of the other contracting party fair and equitable treatment. 2. Subject to the measures necessary for the maintenance of public order, such investments will enjoy a constant protection and security, excluding any unjustified or discriminatory measure which could adversely affect, in law or in fact, management, maintenance, use, enjoyment or disposal of such investments.

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Termination of Investment The obligation of the Investor to make an Advance to the Company pursuant to this Agreement shall terminate permanently (including with respect to an Advance Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of fifty (50) Trading Days, other than due to the acts of the Investor, during the Commitment Period, and (ii) the Company shall at any time fail materially to comply with the requirements of Article VI and such failure is not cured within thirty (30) days after receipt of written notice from the Investor, provided, however, that this termination provision shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

  • Termination of Insurance A. Your policy will lapse if you do not pay your premium when due. B. We may cancel your policy by mailing written notice to you at your most recent address in our records. We will send you this notice ten (10) days before we cancel your policy. C. You may cancel your policy at any time by notifying us in writing. D. We will refund unearned premiums on a prorated basis if either you or we cancel your policy.