Investment Securities and Commodities. (i) Except as would not reasonably be expected to have a material adverse effect on the Company, each of the Company and its subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements or held in any fiduciary or agency capacity), free and clear of any Lien, except to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its subsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Mafco Holdings Inc), Agreement and Plan of Merger (Citigroup Inc), Agreement and Plan of Merger (Golden State Bancorp Inc)
Investment Securities and Commodities. (ia) Except as would not reasonably be expected to have a material adverse effect Material Adverse Effect on the Company, each of the Company and its subsidiaries Subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements or held in any fiduciary or agency capacity), free and clear of any LienLiens, except to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its subsidiariesSubsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Bank of America Corp /De/), Agreement and Plan of Merger (Countrywide Financial Corp), Agreement and Plan of Merger (Merrill Lynch & Co., Inc.)
Investment Securities and Commodities. (ia) Except as would not reasonably be expected to have a material adverse effect Material Adverse Effect on the Company, each of the Company and its subsidiaries Subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements or held in any fiduciary or agency capacity), free and clear of any LienLiens, except to the extent such securities or commodities are pledged as set forth in the ordinary course of business to secure obligations Section 3.15 of the Company or its subsidiariesDisclosure Schedule. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Landamerica Financial Group Inc), Agreement and Plan of Merger (Fidelity National Financial, Inc.)
Investment Securities and Commodities. (ia) Except as would not reasonably be expected to have a material adverse effect Material Adverse Effect on the Company, each of the Company and its subsidiaries Subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements or held in any fiduciary or agency capacity), free and clear of any LienLiens, except to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its subsidiariesSubsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Alabama National Bancorporation)
Investment Securities and Commodities. (ia) Except as would not reasonably be expected to have a material adverse effect on the CompanyCompany Material Adverse Effect, each of the Company and its subsidiaries Subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements or held in any fiduciary or agency capacity), free and clear of any LienLiens, except to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its subsidiariesSubsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects.
Appears in 1 contract
Samples: Agreement and Plan of Merger (State National Bancshares, Inc.)
