Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder to receive the amount payable on such redemption, without interest.
Appears in 8 contracts
Samples: Subordinated Note Purchase Agreement (CNB Financial Corp/Pa), Subordinated Note Purchase Agreement (BankFinancial CORP), Form of Subordinated Note Purchase Agreement (First Western Financial Inc)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this any Subordinated Note has been Notes so called for redemption but has have not yet been surrendered for cancellation, on and after the date fixed for redemption Redemption Date interest shall cease to accrue on the portion of this all Subordinated Note Notes so called for redemption, this all Subordinated Note Notes so called for redemption shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this such Subordinated Note called for redemption Notes shall forthwith on such date fixed for redemption Redemption Date cease and terminate (unless the Company shall default in the payment of the redemption price), except only the right of the Noteholder Holders thereof to receive the amount payable on such redemption, without interest.
Appears in 6 contracts
Samples: MidWestOne Financial Group, Inc., County Bancorp, Inc., Indenture (Malvern Bancorp, Inc.)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this any Subordinated Note has been Notes so called for redemption but has have not yet been surrendered for cancellation, on and after the date fixed for redemption Redemption Date interest shall cease to accrue on the portion of this all Subordinated Note Notes so called for redemption, this all Subordinated Note Notes so called for redemption shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this such Subordinated Note called for redemption Notes shall forthwith on such date fixed for redemption Redemption Date cease and terminate (unless the Company shall default in the payment of the redemption price), except only the right of the Noteholder Holder thereof to receive the amount payable on such redemption, without interest.
Appears in 6 contracts
Samples: Indenture (Midland States Bancorp, Inc.), Indenture (Midland States Bancorp, Inc.), Indenture (German American Bancorp, Inc.)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion of this Subordinated Note called for redemption, ; this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except subject only to the right of the Noteholder to receive the amount payable on such redemption, without interest.
Appears in 3 contracts
Samples: Form of Subordinated Note Purchase Agreement (Five Star Bancorp), Subordinated Note Purchase Agreement (Guaranty Bancshares Inc /Tx/), Form of Subordinated Note Purchase Agreement (First Western Financial Inc)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this any Subordinated Note has been Notes so called for redemption but has have not yet been surrendered for cancellation, on and after the date fixed for redemption Redemption Date interest shall cease to accrue on the portion of this all Subordinated Note Notes so called for redemption, this all Subordinated Note Notes so called for redemption shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this such Subordinated Note called for redemption Notes shall forthwith on such date fixed for redemption Redemption Date cease and terminate (unless the Company shall default in the payment of the redemption priceRedemption Price), except only the right of the Noteholder Holders thereof to receive the amount payable on such redemption, without interest.
Appears in 2 contracts
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion of this Subordinated Note called for redemptionNote, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder holder hereof to receive the amount payable on such redemption, without interest.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement, Subordinated Note Purchase Agreement (Wellesley Bancorp, Inc.)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption redemption, interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption redemption, and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder holder hereof to receive the amount payable on such redemption, without interest..
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/), Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder holder hereof to receive the amount payable on such redemption, without interest.
Appears in 2 contracts
Samples: Paying Agency and Registrar Agreement (Bay Banks of Virginia Inc), Subordinated Note Purchase Agreement (Sterling Bancorp, Inc.)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption redemption, interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption redemption, and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder holder hereof to receive the amount payable on such redemption, without interest.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (ENB Financial Corp), Subordinated Note Purchase Agreement (First Keystone Corp)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder to receive the amount payable on such redemption, without interest.. (f)
Appears in 1 contract
Samples: Execution Copy Subordinated Note Purchase Agreement (Sound Financial Bancorp, Inc.)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion amount of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion amount called for redemption and all rights with respect to the portion amount of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder holder hereof to receive the amount payable on such redemption, without interest.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (BCB Bancorp Inc)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Senior Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption interest shall cease to accrue on the portion of this Subordinated Senior Note called for redemption, ; this Subordinated Senior Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Senior Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except subject only to the right of the Noteholder to receive the amount payable on such redemption, without interest.
Appears in 1 contract
Samples: Senior Note Purchase Agreement (Patriot National Bancorp Inc)
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption redemption, interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder Holder to receive the amount payable on such redemption, without interest.
Appears in 1 contract
Samples: TriState Capital Holdings, Inc.
Effectiveness of Redemption. If notice of redemption has been duly given and notwithstanding that this Subordinated Note has been called for redemption but has not yet been surrendered for cancellation, on and after the date fixed for redemption redemption, interest shall cease to accrue on the portion of this Subordinated Note called for redemption, this Subordinated Note shall no longer be deemed outstanding with respect to the portion called for redemption and all rights with respect to the portion of this Subordinated Note called for redemption shall forthwith on such date fixed for redemption cease and terminate unless the Company shall default in the payment of the redemption price, except only the right of the Noteholder to receive the amount payable on such redemption, without interest.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Farmers & Merchants Bancorp Inc)
