COVENANTS OF SOUTHERN FINANCIAL Sample Clauses

COVENANTS OF SOUTHERN FINANCIAL. 26 Section 5.1. Shareholder Approval and Reasonable Best Efforts ........................... 26 Section 5.2. Activities of Southern Financial Pending Closing ........................... 26 Section 5.3. Access to Properties and Records ........................................... 29 Section 5.4. Information for Regulatory Applications and SEC Filings .................... 30 Section 5.5. Standstill Provision ....................................................... 30 Section 5.6. Affiliates' Letters ........................................................ 31 Section 5.7. Certain Policies and Actions of Southern Financial ......................... 31 Section 5.8. Completion of the Essex Merger ............................................. 31 Section 5.9. Trust Preferred Issues ..................................................... 32
Sample 1
AutoNDA by SimpleDocs
COVENANTS OF SOUTHERN FINANCIAL. Southern Financial covenants and agrees with Bankshares as follows:
Sample 1

Related to COVENANTS OF SOUTHERN FINANCIAL

  • Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.

  • Covenants of Parent Parent agrees that:

  • Covenants of the Company The Company covenants with each Underwriter as follows:

  • Covenants of the Companies Each of the Companies covenants with the Underwriters as follows:

  • Covenants of Executive The Company and the Executive recognize that the Executive's services are special and unique and that the provisions herein for compensation under Section 4 and Section 5 are partly in consideration of and conditioned upon the Executive's compliance with the covenants contained in this Section 9. Accordingly, during the Term of the Agreement and until the end of the Compensation Period (as defined in Section 4(a)(ii) herein), the Executive shall be subject to the covenants contained in Sections 9(b), 9(c) and 9(d) herein.

  • Covenants of the Bank The Bank covenants and agrees with the Underwriters that:

  • Covenants of Parties The Parties hereby covenant and agree as follows:

  • Covenants of Seller Seller covenants and agrees with Buyer as follows:

  • Covenants of the Corporation (1) The Corporation covenants and agrees with the Underwriters that:

  • COVENANTS OF CONSULTANT Consultant covenants and agrees with the Company that, in performing Consulting Services under this Agreement, Consultant will:

Time is Money Join Law Insider Premium to draft better contracts faster.