Bank Affiliate definition

Bank Affiliate means an Affiliate of the Bank and any other entity or platform initiated, managed or advised by the Bank.

Bank Affiliate means the holding company of any Lender, or any wholly owned direct or indirect subsidiary of such holding company or of such Lender.

Bank Affiliate means, (a) with respect to any Bank, (i) an Affiliate of such Bank that is a bank or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Bank or an Affiliate of such Bank and (b) with respect to any Bank that is a fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by such Bank, an Affiliate of such Bank or the same investment advisor as such Bank or by an Affiliate of such investment advisor.

Examples of Bank Affiliate in a sentence

• Borrower grants Bank a Uniform Commercial Code security interest in any deposits or accounts Borrower maintains with Bank or any Bank Affiliate to secure payments initiated with the Card(s) and any current or future indebtedness to Bank or any Bank Affiliate whether under this Agreement or any other indebtedness to Bank or any Bank Affiliate.

• Without the prior written consent of the Bank (which consent shall be deemed given with respect to any Bank Affiliate and shall not be unreasonably withheld, conditioned or delayed), the Agency shall not agree to any successor Fiscal Agent or to the appointment of a co-Fiscal Agent, Paying Agent, tender agent, authenticating agent or Registrar under the Fiscal Agent Agreement.

• After a Bank Affiliate has become subject to an Insolvency Proceeding, if the Bank seeks to exercise any Default Right with respect to any Relevant Agreement, the Client shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted thereunder (including, without limitation, this paragraph of the Trading Conditons).

• In the event the Bank or any Bank Affiliate becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights with respect to any Relevant Agreement against the Bank are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Relevant Agreement were governed by the laws of the United States or a state of the United States.

• We can contact Gate City Insurance Agency for you, and they will provide you with a FREE quote.If you would like to contact your existing agent/ agency, we will provide you with the information necessary.*Insurance Products are not insured by FDIC or any Federal Government Agency; arenot a deposit of, or guaranteed by the Bank or any Bank Affiliate; and may lose value.

More Definitions of Bank Affiliate

Bank Affiliate means, (a) with respect to any Bank, (i) a Person directly or indirectly controlling or controlled by or under direct or indirect common control with such Bank or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by such Bank or a Person directly or indirectly controlling or controlled by or under direct or indirect common control with such Bank and (b) with respect to any Bank that is a fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Bank or by a Person directly or indirectly controlling or controlled by or under direct or indirect common control with such investment advisor.

Bank Affiliate means, (a) with respect to any Bank, (i) an Affiliate of such Bank or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Bank or an Affiliate of such Bank and (b) with respect to any Bank that is a fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Bank or by an Affiliate of such investment advisor.

Bank Affiliate means any “Affiliate” of the Bank or any lender acting as a participant under any loan arrangement between the Bank and the Borrower(s). The term “Affiliate” shall mean with respect to any person, (a) any person which, directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such person, or (b) any person who is a director or officer (i) of such person, (ii) of any subsidiary of such person, or (iii) any person described in clause (a) above. For purposes of this definition, control of a person shall mean the power, direct or indirect, (x) to vote 5% or more of the Capital Stock having ordinary voting power for the election of directors (or comparable equivalent) of such person, or (y) to direct or cause the direction of the management and policies of such person whether by contract or otherwise. Control may be by ownership, contract, or otherwise.

Bank Affiliate means any affiliate of Bank, as such term is defined in Regulation W issued by the Board of Governors of the Federal Reserve System.

Bank Affiliate means any banking or lending affiliates of the Bank, any party acting as a participant lender in the credit arrangements contemplated herein, or any third party acting on the Bank's behalf.

Bank Affiliate means, with respect to the Agent or any Bank, any Person controlling, controlled by or under common control with the Agent or such Bank, as the case may be.

Bank Affiliate means a Person engaged primarily in the business of commercial banking that is an Affiliate of a Bank and (i) is organized under the laws of the United States, or any state thereof, or (ii) is organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development, or a political subdivision of any such country, and is acting through a branch or agency located in the United States.