Common use of Legal Power and Authority Clause in Contracts

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 25 contracts

Samples: Senior Note Purchase Agreement (Eagle Bancorp Inc), Subordinated Note Purchase Agreement (Home Bancorp, Inc.), Subordinated Note Purchase Agreement (Northfield Bancorp, Inc.)

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Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationorganization or incorporation.

Appears in 7 contracts

Samples: Subordinated Note Purchase Agreement (Uwharrie Capital Corp), Subordinated Note Purchase Agreement (Uwharrie Capital Corp), Subordinated Note Purchase Agreement (FVCBankcorp, Inc.)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 6 contracts

Samples: Subordinated Note Purchase Agreement (QCR Holdings Inc), Subordinated Note Purchase Agreement (QCR Holdings Inc), Subordinated Note Purchase Agreement (Amerant Bancorp Inc.)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its the Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 5 contracts

Samples: Subordinated Note Purchase Agreement (Heritage Commerce Corp), Subordinated Note Purchase Agreement (Guaranty Bancshares Inc /Tx/), Subordinated Note Purchase Agreement (Central Valley Community Bancorp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 4 contracts

Samples: Subordinated Note Purchase Agreement (Guaranty Federal Bancshares Inc), Subordinated Note Purchase Agreement (Limestone Bancorp, Inc.), Subordinated Note Purchase Agreement (Limestone Bancorp, Inc.)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its the Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its the Purchaser’s jurisdiction of organization.

Appears in 3 contracts

Samples: Subordinated Note Purchase Agreement (QNB Corp), Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc), Subordinated Note Purchase Agreement (Union Bankshares Inc)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its the Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.organization or incorporation. 

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/), Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser , is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 2 contracts

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

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its the Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationorganization or incorporation.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (ENB Financial Corp), Subordinated Note Purchase Agreement (First Keystone Corp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Bancplus Corp), Subordinated Note Purchase Agreement (ISABELLA BANK Corp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser It is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Financial Institutions Inc), Subordinated Note Purchase Agreement (Financial Institutions Inc)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement the Documents and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationTransactions.

Appears in 2 contracts

Samples: Purchase Agreement (Patriot National Bancorp Inc), Purchase Agreement (First NBC Bank Holding Co)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser It is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Third Coast Bancshares, Inc.), Subordinated Note Purchase Agreement (Triumph Bancorp, Inc.)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its his obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.), Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser It is an entity duly organized, validly existing and in good standing (to the extent such concept is applicable) under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (First Internet Bancorp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of Laws its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Investar Holding Corp)

Legal Power and Authority. The Such Purchaser has all necessary power and authority to execute, deliver and perform its such Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Such Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Professional Holding Corp.)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its the Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The If other than a natural person, the Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Five Star Bancorp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The If the Purchaser is not a natural person, such Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (RBB Bancorp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing organized under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Senior Note Purchase Agreement (Luther Burbank Corp)

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Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement the Transaction Documents and to consummate the transactions contemplated hereby. The If an entity, Purchaser is an entity duly organized, validly existing and in good standing under the laws of Laws its jurisdiction of organization.

Appears in 1 contract

Samples: Stock Purchase Agreement (Investar Holding Corp)

Legal Power and Authority. The Purchaser It has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The If Purchaser is an entity, it is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Farmers & Merchants Bancorp Inc)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The If Purchaser is an entity, it is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Note Purchase Agreement

Legal Power and Authority. The Each Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Each Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

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

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The If the Purchaser is an entity entity, the Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Meridian Corp)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its Purchaser’s obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Summit Financial Group Inc)

Legal Power and Authority. The Purchaser has all necessary capacity, power and authority to execute, deliver and perform its its, his or her obligations under this Agreement and to consummate the transactions contemplated hereby. The If other than a natural person, Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Five Star Bancorp)

Legal Power and Authority. The Purchaser has all necessary requisite legal power and authority to enter into, execute, and deliver and perform its obligations under this Agreement and each other Transaction Document to consummate which Purchaser is, or is to be, a party; and Purchaser has all requisite legal power and authority to lend to the transactions Company Purchaser’s Aggregate Committed Sum, to purchase the Note, and to carry out and perform any and all agreements and obligations of Purchaser contemplated hereby. The by this Agreement and any other Transaction Document to which Purchaser is, or is an entity duly organizedto be, validly existing and in good standing under the laws of its jurisdiction of organizationa party.

Appears in 1 contract

Samples: Note Purchase Agreement (Whiteglove House Call Health Inc)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement the Documents to which it is a party and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationTransactions.

Appears in 1 contract

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

Legal Power and Authority. The Purchaser has all necessary the requisite power and authority to execute, execute and deliver this Securities Purchase Agreement and each of the other Operative Agreements to which it will be a party and to perform its obligations under this Agreement hereunder and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationthereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Revel Entertainment Group, LLC)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.. Exhibit 10.1

Appears in 1 contract

Samples: Senior Note Purchase Agreement (Eagle Bancorp Inc)

Legal Power and Authority. The Purchaser has all necessary the requisite corporate, partnership, limited liability company or other power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationTransactions.

Appears in 1 contract

Samples: Purchase Agreement (Anchor Bancorp Wisconsin Inc)

Legal Power and Authority. The Purchaser has all necessary power and authority to execute, deliver and perform its its, his or her obligations under this Agreement and to consummate the transactions contemplated hereby. The If other than a natural person, Purchaser is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Five Star Bancorp)

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