Common use of Action by the Administrator Clause in Contracts

Action by the Administrator. In addition to acting at a meeting in accordance with applicable laws, any action of the Administrator concerning this Agreement may be taken by a written instrument signed by the Administrator (including, if the Bank’s board of directors or a board committee serves as the Administrator, by written consent in accordance with Tennessee law and the Charter and Bylaws of the Bank, and any such action so taken by written consent shall be effective as if it had been taken by a majority of the members at a meeting duly called and held).

Appears in 9 contracts

Samples: Solicitation Agreement (Franklin Financial Network Inc.), Non Solicitation Agreement (Franklin Financial Network Inc.), Confidentiality, Non Competition Agreement (Franklin Financial Network Inc.)

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Action by the Administrator. In addition to acting at a meeting in accordance with applicable laws, any action of the Administrator concerning this Agreement may be taken by a written instrument signed by the Administrator (including, if the BankCompany’s board of directors or a board committee serves as the Administrator, by written consent in accordance with Tennessee law and the Charter and Bylaws of the BankCompany, and any such action so taken by written consent shall be effective as if it had been taken by a majority of the members at a meeting duly called and held).

Appears in 3 contracts

Samples: Non Solicitation Agreement (Franklin Financial Network Inc.), Solicitation Agreement (Franklin Financial Network Inc.), Form of Consulting and Non Competition Agreement (Tennessee Commerce Bancorp, Inc.)

Action by the Administrator. In addition to acting at a meeting in accordance with applicable laws, any action of the Administrator concerning this Agreement may be taken by a written instrument signed by the Administrator (including, if the BankCompany’s board of directors or a board committee serves as the Administrator, by written consent in accordance with Tennessee New Jersey law and the Charter and Bylaws of the BankCompany, and any such action so taken by written consent shall be effective as if it had been taken by a majority of the members at a meeting duly called and held).

Appears in 2 contracts

Samples: Non Competition Agreement (Center Bancorp Inc), Non Competition Agreement (Center Bancorp Inc)

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Action by the Administrator. In addition to acting at a meeting in accordance with applicable laws, any action of the Administrator concerning this Agreement may be taken by a written instrument signed by the Administrator (including, if the Bank’s board of directors or a board committee serves as the Administrator, by written consent in accordance with Tennessee law and the Charter and Bylaws of the Bank, and any such action so taken by written consent shall be effective as if it had been taken by a majority of the members at a meeting duly called and held).

Appears in 1 contract

Samples: Southern States (Southern States Bancshares, Inc.)

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