Limitations on Issuance of Standby Shares. The Standby Purchaser hereby acknowledges and agrees that the Company may decline to issue Common Shares to the Standby Purchaser hereunder if, in the opinion of the Company, the Standby Purchaser is required to obtain prior clearance or approval of such purchase from any state or federal bank regulatory authority and if such approval or clearance has not been obtained or if satisfactory evidence thereof has not been presented to the Company prior to the expiration of the Offering.
Appears in 3 contracts
Samples: Purchaser Agreement (Peapack Gladstone Financial Corp), Purchaser Agreement (Farmers National Banc Corp /Oh/), Purchaser Agreement (Farmers National Banc Corp /Oh/)
Limitations on Issuance of Standby Shares. The Standby Purchaser hereby acknowledges and agrees that the Company may decline to issue Common Shares to the Standby Purchaser hereunder if, in the opinion of the Company, the Standby Purchaser is required to obtain prior clearance or approval of such purchase from any state or federal bank regulatory authority and if such approval or clearance has not been obtained or if satisfactory evidence thereof has not been presented to the Company prior to the expiration of the Offering. 3.
Appears in 1 contract
Samples: www.sec.gov
