Common use of Information for Applications Clause in Contracts

Information for Applications. To the extent permitted by law, AALP will furnish AMI with all information concerning AALP and its directors and officers required for inclusion in any application, statement or document to be made or filed by AMI with any federal or state regulatory or supervisory authority in connection with the matters contemplated by this Agreement. All information concerning AALP contained in the AMI applications shall, to the knowledge of AALP, at the time such information is furnished, be true and correct in all material respects and will not omit any material fact necessary in order to make its statements therein, in light of the circumstances in which they were made, not misleading; provided, that information as of a later date shall be deemed to modify information as of an earlier date. AALP will indemnify and hold harmless AMI from and against any and all losses, claims, damages, expenses or liabilities to which AMI may become subject under applicable laws, rules and regulations or otherwise, including expenses incurred in enforcing the rights granted under this Section 7.2, and will reimburse AMI for any legal or other expenses reasonably incurred by them in connection with investigating, defending or prosecuting any actions whether or not resulting in liability, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based on any untrue statement or alleged untrue statement of a material fact contained in any application filed by AMI or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein, or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, but only insofar as such statement or omission was made in reliance upon and in conformity with information furnished by AALP in writing expressly for use therein.

Information for Applications. To the extent permitted by law, AALP FBC will furnish AMI the Bank with all information concerning AALP FBC and its directors and officers required for inclusion in any application, statement or document to be made or filed by AMI the Bank with any federal or state regulatory or supervisory authority in connection with the matters contemplated by this AgreementAgreement (the “Bank Applications”). All information concerning AALP FBC contained in the AMI applications Bank Applications shall, to the knowledge of AALPFBC, at the time such information is furnished, be true and correct in all material respects and will not omit any material fact necessary in order to make its statements therein, in light of the circumstances in which they were made, not misleading; provided, that information as of a later date shall be deemed to modify information as of an earlier date. AALP FBC will indemnify and hold harmless AMI the Bank and the Principal Shareholder from and against any and all losses, claims, damages, expenses or liabilities to which AMI the Bank or the Principal Shareholder may become subject under applicable laws, rules and regulations or otherwise, including expenses incurred in enforcing the rights granted under this Section 7.2, and will reimburse AMI the Bank and the Principal Shareholder for any legal or other expenses reasonably incurred by them in connection with investigating, defending or prosecuting any actions whether or not resulting in liability, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based on any untrue statement or alleged untrue statement of a material fact contained in any application filed by AMI of the Bank Applications or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein, or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, but only insofar as such statement or omission was made in reliance upon and in conformity with information furnished by AALP FBC in writing expressly for use therein.

Information for Applications. To the extent permitted by law, AALP FBC will furnish AMI Cedar Creek with all information concerning AALP FBC and its directors and officers required for inclusion in any application, statement or document to be made or filed by AMI Cedar Creek with any federal or state regulatory or supervisory authority in connection with the matters contemplated by this AgreementAgreement (the “Cedar Creek Applications”). All information concerning AALP FBC contained in the AMI applications Cedar Creek Applications shall, to the knowledge of AALPFBC, at the time such information is furnished, be true and correct in all material respects and will not omit any material fact necessary in order to make its statements therein, in light of the circumstances in which they were made, not misleading; provided, that information as of a later date shall be deemed to modify information as of an earlier date. AALP FBC will indemnify and hold harmless AMI Cedar Creek from and against any and all losses, claims, damages, expenses or liabilities to which AMI Cedar Creek may become subject under applicable laws, rules and regulations or otherwise, including expenses incurred in enforcing the rights granted under this Section 7.2, and will reimburse AMI Cedar Creek for any legal or other expenses reasonably incurred by them in connection with investigating, defending or prosecuting any actions whether or not resulting in liability, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based on any untrue statement or alleged untrue statement of a material fact contained in any application filed by AMI of the Cedar Creek Applications or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein, or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, but only insofar as such statement or omission was made in reliance upon and in conformity with information furnished by AALP FBC in writing expressly for use therein.