Effect of Participation in the Troubled Asset Relief Program Capital Purchase Program. (a) The Corporation has entered into agreements with the U.S. Treasury Department (“Treasury”) under which the Corporation issued preferred shares (“Preferred Shares”) and other securities to Treasury as part of the Troubled Assets Relief Program Capital Purchase Program (“CPP”) established under the Emergency Economic Stabilization Act of 2008.
Appears in 5 contracts
Samples: Consulting and Noncompetition Agreement (Royal Bancshares of Pennsylvania Inc), Release Agreement (First Priority Financial Corp.), Employment Agreement (Royal Bancshares of Pennsylvania Inc)
Effect of Participation in the Troubled Asset Relief Program Capital Purchase Program. (a) The Corporation the Company has entered into agreements with the U.S. Treasury Department (“Treasury”) under which the Corporation Company issued preferred shares (“Preferred Shares”) and other securities to Treasury as part of the Troubled Assets Relief Program Capital Purchase Program (“CPP”) established under the Emergency Economic Stabilization Act of 2008. The Executive hereby agrees that Company’s participation in the CPP is of material benefit to the Executive.
Appears in 1 contract
Effect of Participation in the Troubled Asset Relief Program Capital Purchase Program. (a) The Corporation Company has entered into agreements with the U.S. Treasury Department (“Treasury”) under which the Corporation Company issued preferred shares (“Preferred Shares”) and other securities to Treasury as part of the Troubled Assets Relief Program Capital Purchase Program (“CPP”) established under the Emergency Economic Stabilization Act of 2008. The Executive hereby agrees that the Company’s participation in the CPP is of material benefit to the Executive.
Appears in 1 contract
