Licenses, Permits, Authorizations; Filings; Compliance. (a) The Bank has all franchises, permits, licenses, and any similar authority necessary for the conduct of its business as now being conducted by it except where the failure to have such franchises, permits, licenses or authority would not reasonably be expected to have a Material Adverse Effect, and the Bank believes it can obtain, without undue burden or expense, any similar authority for the conduct of its business as currently planned to be conducted but not giving effect to any plans that Investor has to expand the Bank’s current business operations following the Closing. The Bank is not in default in any material respect under any of such franchises, permits, licenses or other similar authority.
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Samples: Series a Preferred Stock Purchase Agreement (American Patriot Financial Group, Inc.), Series a Preferred Stock Purchase Agreement (American Patriot Financial Group, Inc.), Series a Preferred Stock Purchase Agreement (American Patriot Financial Group, Inc.)
