Common use of Legal Actions and Proceedings Clause in Contracts

Legal Actions and Proceedings. Except as disclosed in the BNKA Disclosure Schedule, BNKA is not a party to, or so far as known to it, threatened with, and to BNKA's knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and BNKA is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by BNKA of any amount in excess of Twenty-Five Thousand Dollars ($25,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by BNKA of a monetary amount, which could have a material adverse effect on BNKA or its business or property or the transactions contemplated hereby. BNKA has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing & Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of BNKA, threatened against BNKA.

Legal Actions and Proceedings. Except as disclosed in the BNKA SRNB Disclosure Schedule, BNKA SRNB is not a party to, or so far as known to it, threatened with, and to BNKASRNB's knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and BNKA SRNB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by BNKA SRNB of any amount in excess of Twenty-Five five Thousand Dollars ($25,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by BNKA SRNB of a monetary amount, which could have a material adverse effect on BNKA SRNB or its business or property or the transactions contemplated hereby. BNKA SRNB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing & Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of BNKASRNB, threatened against BNKASRNB.

Legal Actions and Proceedings. Except as disclosed in the BNKA VCB Disclosure Schedule, BNKA VCB is not a party to, or so far as known to it, threatened with, and to BNKA's VCB’s knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and BNKA VCB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by BNKA VCB of any amount in excess of Twenty-Five Ten Thousand Dollars ($25,00010,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by BNKA VCB of a monetary amount, which could reasonably be expected to have a material adverse effect Material Adverse Effect on BNKA VCB or its business or property or the transactions contemplated hereby. BNKA VCB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing & and Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of BNKAVCB, threatened against BNKAVCB.

Legal Actions and Proceedings. Except as disclosed to PACIFIC in the BNKA BANCORP Disclosure ScheduleStatement, BNKA BANCORP is not a party to, or so far as known nor to it, the best knowledge of BANCORP threatened with, and to BNKA's knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and BNKA to the best of BANCORP's knowledge, BANCORP is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by BNKA BANCORP of any amount in excess of Twenty-Five Ten Thousand Dollars ($25,00010,000), unless an insurer of BANCORP has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by BNKA BANCORP of a monetary amount, which could have a material adverse effect on BNKA materially adversely affect BANCORP or its business or property or the transactions contemplated hereby. BNKA BANCORP has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing & Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agencycommission. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of BNKABANCORP, threatened against BNKABANCORP.

Legal Actions and Proceedings. Except as disclosed in the BNKA YCB Disclosure Schedule, BNKA YCB is not a party to, or so far as known to it, threatened with, and to BNKAYCB's knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and BNKA YCB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by BNKA YCB of any amount in excess of Twenty-Five Thousand Dollars ($25,00025,000.00), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by BNKA YCB of a monetary amount, which could have a material adverse effect on BNKA YCB or its business or property or the transactions contemplated hereby. BNKA YCB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing & Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of BNKAYCB, threatened against BNKAYCB.

Legal Actions and Proceedings. Except as disclosed in the BNKA FNB Disclosure Schedule, BNKA FNB is not a party to, or so far as known to it, threatened with, and to BNKA's FNB’s knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and BNKA FNB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by BNKA FNB of any amount in excess of Twenty-Five One Hundred Thousand Dollars ($25,000100,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by BNKA FNB of a monetary amount, which could reasonably be expected to have a material adverse effect Material Adverse Effect on BNKA FNB or its business or property or the transactions contemplated hereby. BNKA FNB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing & and Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of BNKAFNB, threatened against BNKAFNB.