Common use of Agreements with Regulators Clause in Contracts

Agreements with Regulators. Except as set forth in Disclosure Schedule 3.2(j), neither Wilshire nor any Subsidiary of Wilshire is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Wilshire been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Wilshire and its Subsidiaries are in compliance with all of the foregoing so listed in Disclosure Schedule 3.2(j). There are no formal or informal investigations, known to Wilshire, relating to any regulatory matters pending before any Governmental Entity with respect to Wilshire or any of its Subsidiaries. Neither of Wilshire nor any of its executive officers or, to the knowledge of Wilshire, any of its directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of Wilshire, threatened.

Agreements with Regulators. Except as set forth in Disclosure Schedule 3.2(j3.2(g), neither Wilshire BOS nor any Subsidiary of Wilshire BOS is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Wilshire Bancorp or BOS been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Wilshire Bancorp, BOS and its their Subsidiaries are in compliance with all of the foregoing so listed in Disclosure Schedule 3.2(j3.2(g). There are no formal or informal investigations, known to WilshireBancorp or BOS, relating to any regulatory matters pending before any Governmental Entity with respect to Wilshire Bancorp or BOS or any of its their Subsidiaries, that could reasonably be expected to prevent or delay the completion of this Agreement. Neither of Wilshire Bancorp or BOS nor any of its their executive officers or, to the knowledge Knowledge of WilshireBancorp or BOS, any of its their directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge Knowledge of WilshireBancorp or BOS, threatened.

Agreements with Regulators. Except as set forth in Disclosure Schedule 3.2(j4.3(f), neither Wilshire Parent nor any Subsidiary of Wilshire Parent is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or or, except in the ordinary course of business consistent with normal banking practices, has adopted any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Wilshire Parent been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Wilshire Parent, Parent Bank and its their Subsidiaries are in compliance with all of the foregoing so listed in Disclosure Schedule 3.2(j4.3(f). There are no formal or informal investigations, known to WilshireParent, relating to any regulatory matters pending before any Governmental Entity with respect to Wilshire Parent or any of its their Subsidiaries, that could reasonably be expected to prevent or delay the completion of this Agreement. Neither of Wilshire Parent nor any of its their executive officers or, to the knowledge Knowledge of WilshireParent, any of its their directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge Knowledge of WilshireParent, threatened.

Agreements with Regulators. Except as set forth in Disclosure Schedule 3.2(j3.1(n), neither Wilshire Saehan nor any Subsidiary of Wilshire Saehan is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted any policies, procedures or board resolutions at the request of, any Governmental Entity which restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Wilshire Saehan been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Wilshire Saehan and its Subsidiaries are in compliance with all of the foregoing so listed in Disclosure Schedule 3.2(j3.1(n). There are no formal or informal investigations, known to WilshireSaehan, relating to any regulatory matters pending before any Governmental Entity with respect to Wilshire Saehan or any of its Subsidiaries. Neither of Wilshire Saehan nor any of its executive officers or, to the knowledge of WilshireSaehan, any of its directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of WilshireSaehan, threatened.

Agreements with Regulators. Except as set forth in First Century Disclosure Schedule 3.2(j)3.15, neither Wilshire First Century nor any Subsidiary of Wilshire First Century is a party or subject to any written agreement, consent decree or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any cease-and-desist or other order or directive by, or is a recipient of any extraordinary supervisory letter currently in effect, or has adopted since December 31, 2012 any policies, procedures or board resolutions at the request of, any Governmental Entity which that restricts the conduct of its business, imposes any requirements or procedures or in any manner relates to its capital adequacy, its credit or risk management policies or its management, nor has Wilshire First Century or any First Century Subsidiary been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such agreement, decree, memorandum of understanding, extraordinary supervisory letter, commitment letter, order, directive or similar submission, or any such policy, procedure or board resolutions. Wilshire First Century and its Subsidiaries are in compliance with all of the foregoing so listed in First Century Disclosure Schedule 3.2(j)3.15. There are no formal or informal investigations, known to WilshireFirst Century, relating to any regulatory matters pending before any Governmental Entity with respect to Wilshire First Century or any of its Subsidiaries. Neither of Wilshire First Century nor any First Century Subsidiary or any of its their respective executive officers or, to the knowledge of WilshireFirst Century, any of its their respective directors or employees has been the subject of any disciplinary proceedings or orders of any Governmental Entity arising under applicable laws which that would be required to be disclosed in any regulatory filing, and no such disciplinary proceeding or order is pending, nor, to the knowledge of WilshireFirst Century, threatened.