Common use of Agreements with Regulatory Authorities Clause in Contracts

Agreements with Regulatory Authorities. Other than as heretofore disclosed to Seller by Purchaser, Purchaser is not a party to any written order, decree, agreement, memorandum of understanding, commitment letter or similar enforcement action, with any Federal or state governmental agency or authority charged with the supervision or regulation of depository institutions or engaged in the insurance of deposits, nor has Purchaser been advised by any such regulatory authority that such authority is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter or enforcement action, in each case which order, decree, agreement, memorandum of understanding, commitment letter or enforcement action (i) could reasonably be expected to prevent or impair the ability of Purchaser to obtain the Regulatory Approvals or otherwise perform its obligations under this Agreement; or (ii) could impair the validity or consummation of this Agreement or the transactions contemplated hereby.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Solera National Bancorp, Inc.), Purchase and Assumption Agreement (Solera National Bancorp, Inc.)

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Agreements with Regulatory Authorities. Other than as heretofore disclosed to Purchaser by Seller, Seller by Purchaser, Purchaser is not a party to any written order, decree, agreement, memorandum of understanding, commitment letter or similar enforcement action, action with any Federal federal or state governmental agency or authority charged with the supervision or regulation of depository institutions or engaged in the insurance of deposits, nor has Purchaser Seller been advised by any such regulatory authority that such authority is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter or enforcement action, in each case which order, decree, agreement, memorandum of understanding, commitment letter or enforcement action (i) relates to the Branch, (ii) could reasonably be expected to prevent or impair the ability of Purchaser Seller to obtain the Regulatory Approvals or otherwise perform its obligations under this Agreement; , or (iiiii) could impair the validity or consummation of this Agreement or the transactions contemplated hereby.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Solera National Bancorp, Inc.), Purchase and Assumption Agreement (Solera National Bancorp, Inc.)

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Agreements with Regulatory Authorities. Other than Except as heretofore disclosed to set forth on Schedule 5.16, Seller by Purchaser, Purchaser is not a party to any written order, decree, agreement, agreement or memorandum of understandingunderstanding with, or commitment letter or similar enforcement actionsubmission to, with any Federal federal or state governmental agency or authority charged with the supervision or regulation of depository institutions or engaged in the insurance of deposits, deposits nor has Purchaser Seller been advised by any such regulatory authority that such authority is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter or enforcement actionsubmission, in each case which order, decree, agreement, memorandum of understanding, commitment letter or enforcement action submission (i) could reasonably be expected to prevent or impair the ability of Purchaser Seller to perform its obligations under this Agreement in any material respect (except generally the requirement to obtain the Regulatory Approvals or otherwise which approvals could if not granted materially impair the Seller’s ability to perform its obligations under this Agreement; hereunder) or (ii) could impair the validity or consummation of this Agreement or the transactions contemplated hereby.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Center Financial Corp)

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