Common use of Compliance with Laws, Permits and Instruments Clause in Contracts

Compliance with Laws, Permits and Instruments. IBG, its Subsidiaries and their respective employees hold all material licenses, registrations, franchises, permits and authorizations necessary for the lawful conduct of their respective businesses. IBG and its Subsidiaries are in compliance with all applicable laws, statutes, orders, rules, regulations and policies of any Governmental Authority, except where the failure, whether individually or in the aggregate, to be so in compliance could not reasonably be expected to cause a Material Adverse Change with respect to IBG or any of its Subsidiaries. IBG is in material compliance with all applicable listing and corporate governance rules of NASDAQ.

Compliance with Laws, Permits and Instruments. IBGIBG and each IBG Subsidiary, its Subsidiaries and their respective employees and agents, hold all material licenses, registrations, franchises, permits and authorizations necessary for the lawful conduct of their respective businessesbusinesses as now being conducted. IBG and its Subsidiaries each IBG Subsidiary are and have been since December 31, 2015, in compliance with all applicable laws, statutes, orders, rules, regulations Law and written policies of any Governmental Authority, except where the failure, whether individually or in the aggregate, to be so in compliance could is not reasonably be expected to cause result in a Material Adverse Change with respect to IBG or any of its Subsidiariesin IBG. IBG is in material compliance with all applicable listing and corporate governance rules of NASDAQ.

Compliance with Laws, Permits and Instruments. IBGIBG and Independent Bank, its Subsidiaries and their respective employees and agents, hold all material licenses, registrations, franchises, permits and authorizations necessary for the lawful conduct of their respective businessesbusinesses as now being conducted. IBG and its Subsidiaries are in compliance with all applicable federal, state and local laws, statutes, orders, rules, regulations and policies of any Governmental Authority, orders applicable to them except where the failure, whether individually or in the aggregate, to be so in compliance could is not reasonably be expected to cause a Material Adverse Change with respect to IBG or any of its SubsidiariesIndependent Bank. IBG is in material compliance with all applicable listing and corporate governance rules of the NASDAQ.

Compliance with Laws, Permits and Instruments. IBGIBG and each IBG Subsidiary, its Subsidiaries and their respective employees and agents, hold all material licenses, registrations, franchises, permits and authorizations necessary for the lawful conduct of their respective businessesbusinesses as now being conducted. IBG and its Subsidiaries each IBG Subsidiary are and have been since December 31, 2015, in compliance with all applicable laws, statutes, orders, rules, regulations Law and written policies of any Governmental Authority, except where the failure, whether individually or in the aggregate, to be so in compliance could is not reasonably be expected to cause result in a Material Adverse Change with respect to IBG or any of its Subsidiariesin IBG. IBG is in material compliance with all applicable listing and corporate governance rules of NASDAQ.