Common use of Certain Loans and Related Matters Clause in Contracts

Certain Loans and Related Matters. (a) Except as set forth in Section 3.11(a) of the Oakwood Disclosure Schedules, as of December 31, 2023, neither Oakwood nor any of its Subsidiaries is a party to any written or oral: (i) loan agreement, note or borrowing arrangement (other than credit card loans and other loans the unpaid balance of which does not exceed $10,000 per loan) under the terms of which the obligor is sixty (60) days delinquent in payment of principal or interest or in default of any other material provisions as of the date of this Agreement; (ii) loan agreement, note or borrowing arrangement which has been classified as “substandard,” “doubtful,” “loss,” “other loans especially mentioned,” “other assets especially mentioned” or any comparable classifications by such persons; (iii) loan agreement, note or borrowing arrangement, including any loan guaranty, with any director or executive officer of Oakwood or any of its Subsidiaries, or any ten percent (10%) or more shareholder of Oakwood, or any person, corporation or enterprise controlling, controlled by or under common control with any of the foregoing; or (iv) loan agreement, note or borrowing arrangement in violation of any law, regulation or rule applicable to Oakwood or any of its Subsidiaries including those promulgated, interpreted or enforced by any regulatory agency with supervisory jurisdiction over Oakwood or any of its Subsidiaries.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Business First Bancshares, Inc.), Agreement and Plan of Reorganization (Business First Bancshares, Inc.)

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Certain Loans and Related Matters. (a) Except as set forth in Section 3.11(a) of the Oakwood Comanche Disclosure Schedules, as of December 31June 30, 20232018, neither Oakwood Comanche nor any of its Subsidiaries is a party to any written or oral: (i) loan agreement, note or borrowing arrangement (other than credit card loans and other loans the unpaid balance of which does not exceed $10,000 per loan) under the terms of which the obligor is sixty (60) days delinquent in payment of principal or interest or in default of any other material provisions as of the date of this Agreementhereof; (ii) loan agreement, note or borrowing arrangement which has been classified as “substandard,” “doubtful,” “loss,” “other loans especially mentioned,” “other assets especially mentioned” or any comparable classifications by such persons; (iii) loan agreement, note or borrowing arrangement, including any loan guaranty, with any director or executive officer of Oakwood Comanche or any of its Subsidiaries, or any ten percent (10%) or more shareholder of OakwoodComanche, or any person, corporation or enterprise controlling, controlled by or under common control with any of the foregoing; or (iv) loan agreement, note or borrowing arrangement in violation of any law, regulation or rule applicable to Oakwood Comanche or any of its Subsidiaries including those promulgated, interpreted or enforced by any regulatory agency with supervisory jurisdiction over Oakwood Comanche or any of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Spirit of Texas Bancshares, Inc.)

Certain Loans and Related Matters. (a) Except as set forth in Section 3.11(a) of the Oakwood Beeville Disclosure Schedules, as of December 31September 30, 20232018, neither Oakwood Beeville nor any of its Subsidiaries is a party to any written or oral: (i) loan agreement, note or borrowing arrangement (other than credit card loans and other loans the unpaid balance of which does not exceed $10,000 per loan) under the terms of which the obligor is sixty (60) days delinquent in payment of principal or interest or in default of any other material provisions as of the date of this Agreement; (ii) loan agreement, note or borrowing arrangement which has been classified as “substandard,” “doubtful,” “loss,” “other loans especially mentioned,” “other assets especially mentioned” or any comparable classifications by such persons; (iii) loan agreement, note or borrowing arrangement, including any loan guaranty, with any director or executive officer of Oakwood Beeville or any of its Subsidiaries, or any ten percent (10%) or more shareholder of OakwoodBeeville, or any person, corporation or enterprise controlling, controlled by or under common control with any of the foregoing; or (iv) loan agreement, note or borrowing arrangement in violation of any law, regulation or rule applicable to Oakwood Beeville or any of its Subsidiaries including those promulgated, interpreted or enforced by any regulatory agency with supervisory jurisdiction over Oakwood Beeville or any of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Spirit of Texas Bancshares, Inc.)

Certain Loans and Related Matters. (a) Except as set forth in Section 3.11(a) of the Oakwood CBI Disclosure Schedules, as of December March 31, 20232019, neither Oakwood CBI nor any of its Subsidiaries is a party to any written or oral: (i) loan agreement, note or borrowing arrangement (other than credit card loans and other loans the unpaid balance of which does not exceed $10,000 per loan) under the terms of which the obligor is sixty (60) days delinquent in payment of principal or interest or in default of any other material provisions as of the date of this Agreement; (ii) loan agreement, note or borrowing arrangement which has been classified as “substandard,” “doubtful,” “loss,” “other loans especially mentioned,” “other assets especially mentioned” or any comparable classifications by such persons; (iii) loan agreement, note or borrowing arrangement, including any loan guaranty, with any director or executive officer of Oakwood CBI or any of its Subsidiaries, or any ten percent (10%) or more shareholder of OakwoodCBI, or any person, corporation or enterprise controlling, controlled by or under common control with any of the foregoing; or (iv) loan agreement, note or borrowing arrangement in violation of any law, regulation or rule applicable to Oakwood CBI or any of its Subsidiaries including those promulgated, interpreted or enforced by any regulatory agency with supervisory jurisdiction over Oakwood CBI or any of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Spirit of Texas Bancshares, Inc.)

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Certain Loans and Related Matters. (a) Except as set forth in Section 3.11(a) of the Oakwood Disclosure Schedules, as of December March 31, 20232018, neither Oakwood the Company nor any of its Subsidiaries is a party to any written or oral: (i) loan agreement, note or borrowing arrangement (arrangement, other than credit card loans and other loans the unpaid balance of which does not exceed $10,000 per loan) , under the terms of which the obligor is sixty (60) days delinquent in payment of principal or interest or in default of any other material provisions as of the date of this Agreementhereof; (ii) loan agreement, note or borrowing arrangement which has been classified as “substandard,” “doubtful,” “loss,” “other loans especially mentioned,” “other assets especially mentioned” or any comparable classifications by such persons; (iii) loan agreement, note or borrowing arrangement, including any loan guaranty, with any director or executive officer of Oakwood the Company or any of its Subsidiaries, or any ten percent (10%) or more shareholder of Oakwoodthe Company, or any person, corporation or enterprise controlling, controlled by or under common control with any of the foregoing; or (iv) loan agreement, note or borrowing arrangement in violation of any law, regulation or rule applicable to Oakwood the Company or any of its Subsidiaries including those promulgated, interpreted or enforced by any regulatory agency with supervisory jurisdiction over Oakwood the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Allegiance Bancshares, Inc.)

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