Common use of Compliance With Laws, Regulations and Decrees Clause in Contracts

Compliance With Laws, Regulations and Decrees. FNB (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB or is not likely to otherwise have a Material Adverse Effect on FNB and FNBNC taken as a whole, (iii) have not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have all approvals, authorizations, consents, licenses, clearances and orders of, and have currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB and FNBNC as now being conducted.

Compliance With Laws, Regulations and Decrees. FNB NVBancorp (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB NVBancorp or is not likely to otherwise have a Material Adverse Effect material adverse effect on FNB NVBancorp and FNBNC NVB taken as a whole, (iii) have not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have all approvals, authorizations, consents, licenses, clearances and orders of, and have currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB NVBancorp and FNBNC NVB as now being conducted.

Compliance With Laws, Regulations and Decrees. FNB AMRBK (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act and U.S.A Patriot Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB AMRBK or is not likely to otherwise have a Material Adverse Effect material adverse effect on FNB AMRBK and FNBNC AMRB taken as a whole, (iii) have not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have all approvals, authorizations, consents, licenses, clearances and orders of, and have currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB AMRBK and FNBNC AMRB as now being conducted.

Compliance With Laws, Regulations and Decrees. FNB YCB (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB YCB or is not likely to otherwise have a Material Adverse Effect material adverse effect on FNB and FNBNC taken as a wholeYCB, (iii) have has not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have has all approvals, authorizations, consents, licenses, clearances and orders of, and have has currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB and FNBNC YCB as now being conducted.

Compliance With Laws, Regulations and Decrees. FNBACB (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB ACB or is not likely to otherwise have a Material Adverse Effect on FNB and FNBNC taken as a wholeACB, (iii) have has not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have has all approvals, authorizations, consents, licenses, clearances and orders of, and have has currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB and FNBNC ACB as now being conducted.

Compliance With Laws, Regulations and Decrees. FNB VCB (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB VCB or is not likely to otherwise have a Material Adverse Effect on FNB and FNBNC taken as a wholeVCB, (iii) have has not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have has all approvals, authorizations, consents, licenses, clearances and orders of, and have has currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB and FNBNC VCB as now being conducted.

Compliance With Laws, Regulations and Decrees. FNB SRNB (i) has the corporate power to own or lease its properties and to conduct its business as currently conducted, (ii) to its knowledge, has complied in all material respects with, and is not in material default of any laws, regulations, ordinances, orders or decrees applicable to the conduct of its business and the ownership of its properties, including but not limited to all federal and state laws (including but not limited to the Bank Secrecy Act), rules and regulations relating to the offer, sale or issuance of securities, and the operation of a commercial bank, other than where such noncompliance or default is not likely to result in a material limitation on the conduct of the business of FNB SRNB or is not likely to otherwise have a Material Adverse Effect material adverse effect on FNB and FNBNC taken as a wholeSRNB, (iii) have has not failed to file with the proper federal, state, local or other authorities any material report or other document required to be filed, and (iv) have has all approvals, authorizations, consents, licenses, clearances and orders of, and have has currently effective all registrations with, all government agencies and regulatory authorities which are necessary to the business and operations of FNB and FNBNC SRNB as now being conducted.