Common use of Capital Nominees Clause in Contracts

Capital Nominees. During the Standstill Period, the PL Capital Parties agree not to nominate any other candidate for director of BFIN or the Bank at any time (except, in the event of death, disability or resignation of Xx. Xxxxxx, a substitute nominee of PL Capital Parties, whose substitution shall be subject to the approval of the BFIN Board of Directors in its sole discretion, which approval shall not be unreasonably withheld or delayed).

Appears in 3 contracts

Samples: Standstill Agreement (BankFinancial CORP), Standstill Agreement (PL Capital, LLC), Standstill Agreement (BankFinancial CORP)

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Capital Nominees. During the Standstill Period, the PL Capital Parties agree not to nominate any other candidate for director of BFIN Ameriana Bancorp or the Bank at any time (except, in the event of death, disability or resignation of Xx. XxxxxxXxxxxxx, a substitute nominee of PL Capital Parties, whose substitution shall be subject to the approval of the BFIN Ameriana Bancorp Board of Directors in its sole discretion, which approval shall not be unreasonably withheld or delayed).

Appears in 2 contracts

Samples: Standstill Agreement (PL Capital, LLC), Standstill Agreement (Ameriana Bancorp)

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