Dividends, Redemptions and Other Payments. Borrower shall not declare or pay any dividends on the stock of Borrower or redeem any stock of Borrower if an Event of Default has occurred and is continuing under this Agreement or allow the payment of such a dividend that would create an Event of Default. The payment of any dividend or the redemption of any stock not otherwise prohibited shall in all respects comply with the rules and regulations of the Federal Reserve Board.
Appears in 13 contracts
Samples: Loan Agreement (Bancplus Corp), Loan Agreement (First Guaranty Bancshares, Inc.), Loan Agreement (Southern States Bancshares, Inc.)
