Common use of Bank Holding Company Status Clause in Contracts

Bank Holding Company Status. The Company shall maintain its status as a Bank Holding Company for as long as the Investor owns any Purchased Securities or Warrant Shares. The Company shall redeem all Purchased Securities and Warrant Shares held by the Investor prior to terminating its status as a Bank Holding Company. “Bank Holding Company” means a company registered as such with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Bank of America Corp /De/), Securities Purchase Agreement, Securities Purchase Agreement (Citigroup Inc)

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Bank Holding Company Status. The Company shall maintain its status as a Bank Holding Company for as long as the Investor owns any Purchased Securities debt or Warrant equity securities of the Company or an Affiliate of the Company acquired pursuant to this Agreement, including any Exchange Common Shares. The Company shall redeem all Purchased Securities and Warrant Shares held by the Investor prior to terminating its status as a Bank Holding Company. “Bank Holding Company” means a company registered as such with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

Appears in 3 contracts

Samples: Exchange Agreement, Exchange Agreement (Citigroup Inc), Exchange Agreement

Bank Holding Company Status. The Company shall maintain its status as a Bank Holding Company for as long as the Investor owns Investors own any Purchased Securities or Warrant Shares. The Company shall redeem all Purchased Securities and Warrant Shares held by the Investor Investors prior to terminating its status as a Bank Holding Company. “Bank Holding Company” means a company registered as such with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Citigroup Inc)

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Bank Holding Company Status. The Company shall maintain its status as a Bank Holding Company for as long as the Investor owns any Purchased TruPs Exchange Securities or Warrant Shares. The Company shall redeem all Purchased Securities and Warrant Shares held by the Investor prior acquired pursuant to terminating its status as a Bank Holding Companythis Agreement. “Bank Holding Company” means a company registered as such with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

Appears in 1 contract

Samples: Exchange Agreement (Citigroup Inc)

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