Common use of Covenants and Warranties of Undersigned Clause in Contracts

Covenants and Warranties of Undersigned. The undersigned represents, warrants and agrees that SBKC has informed the undersigned that any distribution by the undersigned of SBKC Common Stock has not been registered under the 1933 Act and that shares of SBKC Common Stock received pursuant to the Merger for a period of one (1) year after the Effective Time can only be sold by the undersigned (i) following registration under the 1933 Act, or (ii) in conformity with the volume and other requirements of Rule 145(d) promulgated by the SEC as the same now exist or may hereafter be amended, or (iii) to the extent some other exemption from registration under the 1933 Act might be available. The undersigned understands that SBKC is under no obligation to file a registration statement with the SEC covering the disposition of the undersigned’s shares of SBKC Common Stock.

Appears in 4 contracts

Samples: Merger Agreement (Neighbors Bancshares Inc), Merger Agreement (Security Bank Corp), Merger Agreement (Security Bank Corp)

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Covenants and Warranties of Undersigned. The undersigned represents, warrants and agrees that SBKC Purchaser has informed the undersigned that any distribution by the undersigned of SBKC Purchaser Common Stock has not been registered under the 1933 Act and that shares of SBKC Purchaser Common Stock received pursuant to the Merger for a period of one (1) year after the Effective Time can only be sold by the undersigned (i) following registration under the 1933 Act, or (ii) in conformity with the volume and other requirements of Rule 145(d) promulgated by the SEC as the same now exist or may hereafter be amended, or (iii) to the extent some other exemption from registration under the 1933 Act might be available. The undersigned understands that SBKC Purchaser is under no obligation to file a registration statement with the SEC covering the disposition of the undersigned’s shares of SBKC Purchaser Common Stock.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Atlantic Southern Financial Group, Inc.), Merger Agreement (Atlantic Southern Financial Group, Inc.), Merger Agreement (Buckhead Community Bancorp Inc)

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Covenants and Warranties of Undersigned. The undersigned represents, warrants and agrees that SBKC WGNB has informed the undersigned that any distribution by the undersigned of SBKC WGNB Common Stock has not been registered under the 1933 Act and that shares of SBKC WGNB Common Stock received pursuant to the Merger for a period of one (1) year after the Effective Time can only be sold by the undersigned (i) following registration under the 1933 Act, or (ii) in conformity with the volume and other requirements of Rule 145(d) promulgated by the SEC as the same now exist or may hereafter be amended, or (iii) to the extent some other exemption from registration under the 1933 Act might be available. The undersigned understands that SBKC WGNB is under no obligation to file a registration statement with the SEC covering the disposition of the undersigned’s shares of SBKC WGNB Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (WGNB Corp)

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