Common use of Conditions to Company’s Obligation Clause in Contracts

Conditions to Company’s Obligation. The obligation of Company to consummate the sale of the Subordinated Note and to effect the Closing is subject to delivery by Purchaser to Company of this Agreement, duly authorized and executed by Purchaser, and the purchase price in an amount equal to the Subordinated Note Amount.

Appears in 3 contracts

Samples: Form of Subordinated Note Purchase Agreement (California BanCorp), Form of Subordinated Note Purchase Agreement (F&m Bank Corp), Form of Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)

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Conditions to Company’s Obligation. The 3.3.1. With respect to a given Noteholder, the obligation of Company to consummate the sale of the Subordinated Note Notes and to effect the Closing is subject to delivery by Purchaser or at the direction of such Noteholder to Company (or written waiver of such delivery by Company prior to the Closing) of this Agreement, duly authorized and executed by Purchaser, and the purchase price in an amount equal to the Subordinated Note Amountsuch Noteholder.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Ameriserv Financial Inc /Pa/), Subordinated Note Purchase Agreement (Codorus Valley Bancorp Inc)

Conditions to Company’s Obligation. The obligation of Company to consummate the sale of the Subordinated Note and to effect the Closing is subject to delivery by Purchaser to the Company of this Agreement, duly authorized and executed by such Purchaser, and the purchase price from the Purchaser in an amount equal to the stated principal amount of the Subordinated Note AmountNote.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Delmar Bancorp)

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Conditions to Company’s Obligation. The obligation of Company to consummate the sale of the Subordinated Note and to effect the Closing is subject to delivery by Purchaser to Company of this Agreement, duly authorized and executed by such Purchaser, and the purchase price from Purchaser in an amount equal to the Subordinated Note Amount.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (FVCBankcorp, Inc.)

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