Common use of Global Subordinated Notes Clause in Contracts

Global Subordinated Notes. (a) Provided that applicable depository eligibility requirements are met, upon the written election of any Noteholder that is a Qualified Institutional Buyer, as defined in Rule 144A under the Securities Act, the Company shall use its commercially reasonable efforts to provide that the Subordinated Notes owned by Noteholders that are Qualified Institutional Buyers shall be issued in the form of one or more Global Subordinated Notes (each, a “Global Subordinated Note”) registered in the name of The Depository Trust Company or another organization registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and designated as Depositary by the Company or any successor thereto (the “Depositary”) or a nominee thereof and delivered to such Depositary or a nominee thereof.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Security Federal Corp), Subordinated Note Purchase Agreement (Security Federal Corp)

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Global Subordinated Notes. (a) Provided that applicable depository eligibility requirements are met, upon the written election of any Noteholder that is a Qualified Institutional Buyer, as defined in Rule 144A under the Securities Act, the Company shall use its commercially reasonable efforts to provide that the Subordinated Notes owned by Noteholders that are Qualified Institutional Buyers shall be issued in the form of one or more Global Subordinated Notes (each, each a “Global Subordinated Note”) registered in the name of The Depository Trust Company or another organization registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and designated as Depositary by the Company or any successor thereto (the “Depositary”) or a nominee thereof and delivered to such Depositary or a nominee thereof.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Sterling Bancorp, Inc.)

Global Subordinated Notes. (a) Provided that applicable depository eligibility requirements are metImmediately after the issuance of this Subordinated Note, upon the written election of any Noteholder Company shall take all commercially reasonable action to cause the Subordinated Notes owned by each Holder that is a Qualified Institutional Buyer, “qualified institutional buyer” as defined in under Rule 144A under the Securities ActAct of 1933, the Company shall use its commercially reasonable efforts as amended, to provide that the Subordinated Notes owned by Noteholders that are Qualified Institutional Buyers shall be issued in the form of one or more Global global Subordinated Notes (each, each a Global Subordinated Note”Note “) registered in the name of The Depository Trust Company or another organization registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and designated as Depositary by the Company or any successor thereto (the “Depositary”) or a nominee thereof and delivered to such Depositary or a nominee thereofthereof or custodian therefor.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Five Star Bancorp)

Global Subordinated Notes. (a) Provided that applicable depository depositary eligibility requirements are met, upon the written election of any Noteholder that is a Qualified Institutional Buyer, as defined Holders of at least [ ] Million Dollars ($[ ],000,000) in Rule 144A under the Securities Actprincipal amount of outstanding Subordinated Notes, the Company shall use its commercially reasonable efforts to provide that the Subordinated Notes owned by Noteholders Holders that are Qualified Institutional Buyers Buyers, as defined in Rule 144A under the Securities Act, shall be issued in the form of one or more Global Subordinated Notes (each, a “Global Subordinated Note”) registered in the name of The Depository Trust Company or another organization registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and designated as Depositary by the Company or any successor thereto (the “Depositary”) or a nominee thereof and delivered to such Depositary or a nominee thereofthereof or custodian therefor.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Xenith Bankshares, Inc.)

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Global Subordinated Notes. (a) Provided that applicable depository depositary eligibility requirements are met, upon the written election of any Noteholder that is a Qualified Institutional Buyer, as defined Holders of at least Ten Million Dollars ($10,000,000) in Rule 144A under the Securities Actprincipal amount of outstanding Subordinated Notes, the Company shall use its commercially reasonable efforts to provide that the Subordinated Notes owned by Noteholders Holders that are Qualified Institutional Buyers Buyers, as defined in Rule 144A under the Securities Act, shall be issued in the form of one or more Global Subordinated Notes (each, a “Global Subordinated Note”) registered in the name of The Depository Trust Company or another organization registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and designated as Depositary by the Company or any successor thereto (the “Depositary”) or a nominee thereof and delivered to such Depositary or a nominee thereofthereof or custodian therefor.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Eagle Bancorp Montana, Inc.)

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