Common use of Action by Supervisory Authority Clause in Contracts

Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or Bank to Executive.

Action by Supervisory Authority. If the Bank is ordered to remove Xxx or Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authorityInstitution, including the Federal Reserve, the Federal Deposit Insurance Corporation, or other supervisory authority, such bank supervisory authority may immediately terminate this Agreement without further liability liability, compensation or obligation by Holding Co. or Bank to ExecutiveXxx.

Action by Supervisory Authority. If the Bank Bancorp and/or any of its subsidiaries is closed by or taken over by the California Department of Financial Institutions or other supervisory authorityInstitutions, including the Federal Deposit Insurance Corporation, or other regulatory or legal authority with jurisdiction over either entity, such bank supervisory regulatory or legal authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or Bank to Executive.

Action by Supervisory Authority. If the Bank is closed by or taken ------------------------------- over by the California State Banking Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or the Bank to Executive.

Action by Supervisory Authority. If the Bank is closed by or ------------------------------- taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or the Bank to Executive.

Action by Supervisory Authority. If the Bank is closed by or ------------------------------- taken over by the California State Banking Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or the Bank to Executive.

Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or the Bank to ExecutiveXxXxxxxxx.

Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by Holding Co. or Bank to ExecutiveAgreement.