Common use of Absence of Regulatory Actions Clause in Contracts

Absence of Regulatory Actions. Since December 31, 2003, neither Factory Point Bancorp nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government Regulator, or has adopted any board resolutions at the request of any Government Regulator, or has been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator with respect to any report or statement relating to any examinations of Factory Point Bancorp or its Subsidiaries.

Absence of Regulatory Actions. Since December 31January 1, 20032015, neither Factory Point Bancorp the Company nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government RegulatorGovernmental Entity, or has adopted any board resolutions at the request of any Government RegulatorGovernmental Entity, or has been advised by any Government Regulator Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator Governmental Entity with respect to any report or statement relating to any examinations of Factory Point Bancorp the Company or its Subsidiaries.

Absence of Regulatory Actions. Since December 31January 1, 20032010, neither Factory Point Bancorp Buyer nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government RegulatorGovernmental Entity, or has adopted any board resolutions at the request of any Government RegulatorGovernmental Entity, or has been advised by any Government Regulator Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms matters requiring attention by the Board of Directors of Buyer or exceptions by any Government Regulator of its Subsidiaries with respect to any report or statement relating to any examinations of Factory Point Bancorp examination of Buyer or its SubsidiariesSubsidiaries by any Governmental Entity.

Absence of Regulatory Actions. Since December 31January 1, 20032010, neither Factory Point Bancorp Acacia FSB nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government RegulatorGovernmental Entity, or has adopted any board resolutions at the request of any Government RegulatorGovernmental Entity, or has been advised by any Government Regulator Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions matters requiring attention by any Government Regulator the Board of Directors of Acacia FSB with respect to any report or statement relating to any examinations of Factory Point Bancorp examination of Acacia FSB or its SubsidiariesSubsidiaries by any Governmental Entity.

Absence of Regulatory Actions. Since December 31, 20032008, neither Factory Point Bancorp the Company nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government RegulatorGovernmental Entity, or has adopted any board resolutions at the request of any Government RegulatorGovernmental Entity, or has been advised by any Government Regulator Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator Governmental Entity with respect to any report or statement relating to any examinations of Factory Point Bancorp the Company or its Subsidiaries.

Absence of Regulatory Actions. Since December 31, 20032008, neither Factory Point Bancorp Purchaser nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government RegulatorGovernmental Entity, or has adopted any board resolutions at the request of any Government RegulatorGovernmental Entity, or has been advised by any Government Regulator Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator with respect to any report or statement relating to any examinations of Factory Point Bancorp or its Subsidiaries.

Absence of Regulatory Actions. Since December 31, 20032002, neither Factory Point First Bancorp nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government Regulator, or has adopted any board resolutions at the request of any Government Regulator, or has been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator with respect to any report or statement relating to any examinations of Factory Point First Bancorp or its Subsidiaries.

Absence of Regulatory Actions. Since December 31, 20031997, neither Factory Point Bancorp PFSB nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government Regulator, or has adopted any board resolutions at the request of any Government Regulator, or has been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator with respect to any report or statement relating to any examinations of Factory Point Bancorp PFSB or its Subsidiaries.

Absence of Regulatory Actions. Since December 31, 20032002, neither Factory Point Home Building Bancorp nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Government Regulator, or has adopted any board resolutions at the request of any Government Regulator, or has been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. There are no unresolved violations, criticisms or exceptions by any Government Regulator with respect to any report or statement relating to any examinations of Factory Point Home Building Bancorp or its Subsidiaries.