Common use of Absence of Default Clause in Contracts

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 9 contracts

Samples: Subordinated Note Purchase Agreement (Northeast Bancorp /Me/), Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.), Subordinated Note Purchase Agreement (HomeTown Bankshares Corp)

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Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company or Bank the right to accelerate the maturity of any material Indebtedness of Companythe Company or Bank. Neither the Company nor Bank is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Companythe Company and its Subsidiaries taken as a whole.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Quaint Oak Bancorp Inc), Stock Purchase Agreement (Quaint Oak Bancorp Inc), Stock Purchase Agreement (Quaint Oak Bancorp Inc)

Absence of Default. Since the date of the latest audited financial statements included contained in Company’s SEC Reports, no event has occurred which either of by itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 4 contracts

Samples: Subordinated Note Purchase Agreement (QCR Holdings Inc), Subordinated Note Purchase Agreement (Civista Bancshares, Inc.), Subordinated Note Purchase Agreement (County Bancorp, Inc.)

Absence of Default. Since the date of the latest audited consolidated financial statements included in of the Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to accelerate the maturity of any material Indebtedness of the Company. The Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably would be expected to result in a Material Adverse Effect on the Company.

Appears in 4 contracts

Samples: Subordinated Note Purchase Agreement (ENB Financial Corp), Subordinated Note Purchase Agreement (First Keystone Corp), Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 4 contracts

Samples: Subordinated Note Purchase Agreement (FVCBankcorp, Inc.), Subordinated Note Purchase Agreement (County Bancorp, Inc.), Subordinated Note Purchase Agreement (Sterling Bancorp, Inc.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reports, no event has occurred which that either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Leaselease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 4 contracts

Samples: Subordinated Note Purchase Agreement (Ameriserv Financial Inc /Pa/), Subordinated Note Purchase Agreement (Citizens Financial Services Inc), Subordinated Note Purchase Agreement (Acnb Corp)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Leaselease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 3 contracts

Samples: Subordinated Note Purchase Agreement (First Bancshares Inc /MS/), Subordinated Note Purchase Agreement (First Bancshares Inc /MS/), Subordinated Note Purchase Agreement (Franklin Financial Network Inc.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 3 contracts

Samples: Subordinated Note Purchase Agreement (FS Bancorp, Inc.), Subordinated Note Purchase Agreement (RBB Bancorp), Subordinated Note Purchase Agreement (HarborOne Bancorp, Inc.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company or Bank the right to accelerate the maturity of any material Indebtedness of CompanyCompany or Bank. Neither Company nor Bank is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on CompanyCompany and its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc), Subordinated Note Purchase Agreement (Village Bank & Trust Financial Corp.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s 's SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.), Subordinated Note Purchase Agreement (BCB Bancorp Inc)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which award applicable to Company where such default by Company could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Malvern Bancorp, Inc.), Subordinated Note Purchase Agreement (Bryn Mawr Bank Corp)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Leaselease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could would reasonably be expected to result in a Material Adverse Effect on CompanyCompany and its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Five Star Bancorp), Subordinated Note Purchase Agreement (Five Star Bancorp)

Absence of Default. Since the date of the latest last audited financial statements included in the Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to accelerate the maturity of any material Indebtedness of the Company. The Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could except for such defaults as would not reasonably be expected to result in a Material Adverse Effect on CompanyEffect.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Sound Financial Bancorp, Inc.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, instrument or any law, rule, regulation, order, writ, injunction, decree, determination or award, award non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Orrstown Financial Services Inc)

Absence of Default. Since the date of the latest last audited financial statements included in the Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to accelerate the maturity of any material Indebtedness of the Company. The Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could except for such defaults as would not reasonably be expected to result in a Material Adverse Effect on CompanyEffect.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Independent Bank Corp /Mi/)

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Absence of Default. Since the date of the latest audited financial statements included in the Company’s SEC Reports, no event has occurred which that either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to accelerate the maturity of any material Indebtedness of Company. The Company is not in default under any other Leaselease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (HV Bancorp, Inc.)

Absence of Default. Since the date of the Company’s latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which which, either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to accelerate the maturity of any material Indebtedness of the Company. The Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could would not reasonably be expected to result have, singularly or in the aggregate, a Material Adverse Effect on Companythe Company and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Veritex Holdings, Inc.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on CompanyCompany and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Eagle Bancorp Montana, Inc.)

Absence of Default. Since the date of the Company’s latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself does, or with the lapse of time or the giving of notice or bothboth would, would give any creditor of Company or Bank the right to accelerate the maturity of any material Indebtedness of CompanyCompany or Bank. Company is and Bank are not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which where such default could reasonably be expected to result in a Material Adverse Effect on Company or any Subsidiary of Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Farmers & Merchants Bancorp Inc)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company or Bank the right to accelerate the maturity of any material Indebtedness of CompanyCompany or Bank. Neither Company nor Bank is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (BankGuam Holding Co)

Absence of Default. Since the date of the Company’s latest audited financial statements included in Company’s SEC the Company Reports, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to accelerate the maturity of any material Indebtedness of the Company. The Company is not in default under any other Leaselease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could would not reasonably be expected to result have, singularly or in the aggregate, a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Peoples Financial Services Corp.)

Absence of Default. Since the date of the latest audited financial statements included contained in Company’s SEC Reports, no event has occurred which either of by itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance non‑compliance with which could reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (County Bancorp, Inc.)

Absence of Default. Since the date of the latest audited financial statements included contained in Company’s SEC Reports, no event has occurred which either of by itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could would reasonably be expected to result in a Material Adverse Effect on Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Amerant Bancorp Inc.)

Absence of Default. Since the date of the latest audited financial statements included in Company’s SEC Reportsstatements, no event has occurred which either of itself or with the lapse of time or the giving of notice or both, would give any creditor of Company the right to accelerate the maturity of any material Indebtedness of Company. Company is not in default under any other Lease, agreement or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, non-compliance with which could reasonably be expected to result in a Material Adverse Effect on CompanyCompany and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)

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