Common use of Deposit Insurance and Other Regulatory Matters Clause in Contracts

Deposit Insurance and Other Regulatory Matters. The deposit accounts of Acquiror Sub, are insured by the FDIC to the maximum extent permitted by the FDIA, and Acquiror Sub has paid all premiums and assessments required by the FDIA and the regulations thereunder. No action, suit or proceedings is pending or, to the Knowledge of Acquiror, has been threatened by the FDIC against Acquiror or the Acquiror Sub with respect to the termination of such insurance.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Renasant Corp), Plan of Merger (Heritage Financial Holding), Agreement and Plan of Merger (Capital Bancorp Inc)

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Deposit Insurance and Other Regulatory Matters. The deposit accounts of Acquiror Sub, Sub are insured by the FDIC to the maximum extent permitted by the FDIA, and Acquiror Sub has paid all premiums and assessments required by the FDIA and the regulations thereunder. No action, suit or proceedings proceeding is pending or, to the Knowledge of Acquiror, has been threatened by the FDIC against Acquiror or the Acquiror Sub with respect to the termination of such insurance.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Renasant Corp), Agreement and Plan of Merger (First M&f Corp/MS)

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