Common use of Bank and Thrift Holding Company Status Clause in Contracts

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 32 contracts

Samples: Securities Purchase Agreement (Origin Bancorp, Inc.), Securities Purchase Agreement (Provident Bancorp, Inc.), Securities Purchase Agreement (Simmons First National Corp)

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Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, Company for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 15 contracts

Samples: Securities Purchase Agreement (Sunshine Bancorp, Inc.), Securities Purchase Agreement (Avenue Financial Holdings, Inc.), Securities Purchase Agreement (Encore Bancshares Inc)

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury the Investor owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury the Investor prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 10 contracts

Samples: Securities Purchase Agreement (Security Federal Corp), Letter Agreement, Letter Agreement (Citizens Bancshares Corp /Ga/)

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.shall

Appears in 9 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury owns holds any Preferred SharesSenior Securities. The Company shall redeem all Preferred Shares Senior Securities held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Live Oak Bancshares, Inc.), Securities Purchase Agreement (Live Oak Bancshares, Inc.), Securities Purchase Agreement

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as either a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury the Investor owns any Preferred SharesSenior Subordinated Securities. The Company shall redeem all Preferred Shares Senior Subordinated Securities held by Treasury the Investor prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 3 contracts

Samples: Letter Agreement, Securities Purchase Agreement, Securities Purchase Agreement

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.. Annex C (General Terms and Conditions)

Appears in 2 contracts

Samples: Securities Purchase Agreement (First Robinson Financial Corp), Securities Purchase Agreement (First Savings Financial Group Inc)

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, Company for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.. (Bank/Thrift) [Execution Copy]

Appears in 1 contract

Samples: Securities Purchase Agreement (Howard Bancorp Inc)

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, Company for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.. Annex C (General Terms and Conditions) SBLF0308

Appears in 1 contract

Samples: Securities Purchase Agreement (Mutualfirst Financial Inc)

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Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as either a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury the Investor owns any Preferred SharesPurchased Securities or Warrant Securities. The Company shall redeem all Preferred Shares Purchased Securities and Warrant Securities held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.by

Appears in 1 contract

Samples: Securities Purchase Agreement

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury owns holds any Preferred SharesSenior Securities. The Company shall redeem all Preferred Shares Senior Securities held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 1 contract

Samples: Securities Purchase Agreement

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.. SBLF 0530 [Execution Copy]

Appears in 1 contract

Samples: Securities Purchase Agreement (Select Bancorp, Inc.)

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, Company for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Veritex Holdings, Inc.)

Bank and Thrift Holding Company Status. If the Company is a Bank Holding Company or a Savings and Loan Holding Company on the Signing Date, then the Company shall maintain its status as a Bank Holding Company or Savings and Loan Holding Company, as the case may be, Company for as long as Treasury owns any Preferred Shares. The Company shall redeem all Preferred Shares held by Treasury prior to terminating its status as a Bank Holding Company or Savings and Loan Holding Company, as applicable.. (Bank/Thrift)

Appears in 1 contract

Samples: Securities Purchase Agreement (Bank of Commerce Holdings)

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