Covenants of the Placement Agent. The Placement Agent covenants and agrees with the Offerors that, during the period from the date of this Agreement to the Closing Date, the Placement Agent shall use its best efforts and take all action necessary or appropriate to cause its representations and warranties contained in Section 5 to be true as of the Closing Date, after giving effect to the transactions contemplated by this Agreement, as if made on and as of the Closing Date. The Placement Agent further covenants and agrees not to engage in hedging transactions with respect to the Preferred Securities unless such transactions are conducted in compliance with the Securities Act.
Appears in 8 contracts
Samples: Placement Agreement (Southcoast Financial Corp), Placement Agreement (Hersha Hospitality Trust), Preferred Securities Subscription Agreement (Greenville First Bancshares Inc)
Covenants of the Placement Agent. The Placement Agent covenants covenant and agrees agree with the Offerors that, during the period from the date of this Agreement to the Closing Date, the Placement Agent shall use its their best efforts and take all action necessary or appropriate to cause its their representations and warranties contained in Section 5 6 to be true as of the Closing Date, after giving effect to the transactions contemplated by this Agreement, as if made on and as of the Closing Date. The Placement Agent further covenants covenant and agrees agree not to engage in hedging transactions with respect to the Preferred Capital Securities unless such transactions are conducted in compliance with the Securities Act.
Appears in 1 contract
