Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "
Appears in 15 contracts
Samples: Loan Agreement (Hampden Bancorp, Inc.), Loan Agreement (American Financial Holding Corp Inc), Loan Agreement (Lawrence Financial Holdings Inc)
Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor Lender to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "
Appears in 10 contracts
Samples: Loan Agreement (Astoria Financial Corp), Loan Agreement (Warwick Community Bancorp Inc), Loan Agreement (Hudson City Bancorp Inc)
Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other thanthan : (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "
Appears in 1 contract
