Common use of Agreements with Regulators Clause in Contracts

Agreements with Regulators. As of the date of this Agreement, except as disclosed in the CoBancorp Disclosure Letter, neither CoBancorp nor any CoBancorp Subsidiary is a party to any written agreement or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any order or directive by, or is a recipient of any extraordinary supervisory letter from, any Governmental Entity outside the ordinary course of business and not generally applicable to entities engaged in the same business, including, without limitation, cease and desist orders of any regulatory authority, which restricts materially the conduct of its business, or in any manner relates to its capital adequacy, its credit policies or its management, nor has CoBancorp been advised by any Governmental Entity that it is contemplating issuing, requiring, or requesting (or is considering the appropriateness of issuing, requiring or requesting) any such order, directive, agreement, memorandum of understanding, extraordinary supervisory letter, commitment letter or similar undertaking. Except as set forth in CoBancorp Disclosure Letter, there are no (i) material violations, or (ii) violations with respect to which refunds or restitutions which are material in amount to CoBancorp and the CoBancorp Subsidiaries taken as a whole may be required, cited in any compliance report to CoBancorp or any CoBancorp Subsidiary as a result of an examination by any regulatory authority.

Agreements with Regulators. As of the date of this Agreement, except as may be disclosed in the CoBancorp Maple Leaf Disclosure Letter, neither CoBancorp Maple Leaf nor any CoBancorp Subsidiary Geauga Savings Bank is a party to any written agreement or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any order or directive by, or is a recipient of any extraordinary supervisory letter from, any Governmental Entity outside the ordinary course of business and not generally applicable to entities engaged in the same business, including, without limitation, cease and cease-and-desist orders of any regulatory authority, which restricts materially the conduct of its business, or in any manner relates to its capital adequacy, its credit policies or its management, nor has CoBancorp Maple Leaf been advised by any Governmental Entity that it is contemplating issuing, requiring, or requesting (or is considering the appropriateness of issuing, requiring or requesting) any such order, directive, agreement, memorandum of understanding, extraordinary supervisory letter, commitment letter or similar undertaking. Except as set forth in CoBancorp the Maple Leaf Disclosure Letter, there are no (i) material violations, or (ii) violations with respect to which refunds or restitutions which are material in amount to CoBancorp Maple Leaf and the CoBancorp Subsidiaries Geauga Savings Bank taken as a whole may be required, cited in any compliance report to CoBancorp Maple Leaf or any CoBancorp Subsidiary Geauga Savings Bank as a result of an examination by any regulatory authority.