Common use of Company Organization Clause in Contracts

Company Organization. The Company: (a) is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Illinois and is also in good standing in each other jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not have a Material Adverse Effect on the Company; (b) is registered with the Federal Reserve as a bank holding company under the Bank Holding Company Act of 1956, as amended; and (c) has full power and authority, corporate and otherwise, to operate as a bank holding company and to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted. The Company has provided to Acquiror true and correct copies of the Company Articles of Incorporation and Company Bylaws and all amendments thereto, each of which is true, complete and correct and in full force and effect as of the date of this Agreement. The Company has no Subsidiaries other than the Bank and those entities listed on Section 3.1 of the Company Disclosure Schedules.

Appears in 2 contracts

Samples: Merger Agreement (First Busey Corp /Nv/), Merger Agreement (First Busey Corp /Nv/)

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Company Organization. The Company: (a) is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Illinois Delaware and is also in good standing in each other jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not have a Material Adverse Effect on the Company; (b) is registered with the Federal Reserve as a bank holding company under the Bank Holding Company Act of 1956, as amended; and (c) has full power and authority, corporate and otherwise, to operate as a bank holding company and to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted. The Company has provided to Acquiror true and correct copies of the Company Articles Certificate of Incorporation and Company Bylaws and all amendments thereto, each of which is thereto set forth in the Company SEC Reports are true, complete and correct correct, and in full force and effect as of the date of this Agreement. The Company has no Subsidiaries subsidiary other than the Bank and those entities subsidiaries listed on Section 3.1 of Exhibit 21 to the Company Disclosure SchedulesCompany's Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

Appears in 2 contracts

Samples: Merger Agreement (Midland States Bancorp, Inc.), Merger Agreement (Centrue Financial Corp)

Company Organization. The Company: (a) is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Illinois and is also in good standing in each other jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not have a Material Adverse Effect on the Company; (b) is registered with the Federal Reserve as a bank holding company under the Bank Holding Company Act of 1956, as amended; and (c) has full power and authority, corporate and otherwise, to operate as a bank holding company and to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted. The Company has provided to Acquiror true and correct copies of the Company Articles of Incorporation and Company Bylaws and all amendments thereto, each of which is thereto set forth in the Company SEC Reports are true, complete and correct correct, and in full force and effect as of the date of this Agreement. The Company has no Subsidiaries subsidiary other than the Bank and those entities subsidiaries listed on Section 3.1 of Exhibit 21 to the Company Disclosure SchedulesCompany's Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

Appears in 2 contracts

Samples: Merger Agreement (First Community Financial Partners, Inc.), Merger Agreement (First Busey Corp /Nv/)

Company Organization. The Company: (a) is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of Illinois Missouri and is also in good standing in each other jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not have a Material Adverse Effect on the Company; (b) is registered with the Federal Reserve as a bank holding company under the Bank Holding Company Act of 1956, as amended; and (c) has full power and authority, corporate and otherwise, to operate as a bank holding company and to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted. The Company has provided to Acquiror true and correct copies of the Company Articles of Incorporation and Company Bylaws and all amendments thereto, each of which is thereto set forth in the Company SEC Reports are true, complete and correct correct, and in full force and effect as of the date of this Agreement. The Company has no Subsidiaries subsidiary other than the Bank and those entities subsidiaries listed on Section 3.1 of Exhibit 21 to the Company Disclosure SchedulesCompany’s Annual Report on Form 10-K for the fiscal year ended September 30, 2014.

Appears in 1 contract

Samples: Merger Agreement (First Busey Corp /Nv/)

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Company Organization. The Company: (a) is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Illinois Indiana and is also in good standing in each other jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not have a Material Adverse Effect on the Company; (b) is registered with the Federal Reserve as a bank holding company under the Bank Holding Company Act of 1956, as amended; and (c) has full power and authority, corporate and otherwise, to operate as a bank holding company and to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted. The Company has provided to Acquiror true and correct copies of the Company Articles of Incorporation and Company Bylaws and all amendments thereto, each of which is true, complete and correct and in full force and effect as of the date of this Agreement. The Company has no Subsidiaries other than the Bank and those entities listed on Section 3.1 of the Company Disclosure SchedulesBank.

Appears in 1 contract

Samples: Merger Agreement (First Busey Corp /Nv/)

Company Organization. The Company: (a) is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of Illinois Wisconsin and is also in good standing in each other jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not have a Material Adverse Effect on the Company; (b) is registered with the Federal Reserve as a bank holding company under the Bank Holding Company Act of 1956, as amended; and (c) has full power and authority, corporate and otherwise, to operate as a bank holding company and to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted. The Company has provided delivered or made available to Acquiror true and correct copies of the Company Articles of Incorporation and Company Bylaws and all amendments thereto, each of which is are true, complete and correct correct, and in full force and effect as of the date of this Agreement. The Company has no Subsidiaries other than the Bank and those entities listed on Section 3.1 of the Company Disclosure SchedulesTrust.

Appears in 1 contract

Samples: Merger Agreement (County Bancorp, Inc.)

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