No Burdensome Condition or Requirement. No condition or requirement that could reasonably be expected to be materially burdensome to the Corporation shall be applicable (as determined by the Corporation in its reasonable good faith discretion) or shall have been imposed on the Corporation by the Federal Reserve, the FDIC, the Pennsylvania Department of Banking or any other state or federal banking regulatory authority in connection with such regulatory authority’s approval of any transaction to be undertaken by the Purchasers, the Corporation or otherwise in connection with the investment contemplated herein, as applicable, except for passivity or non-association commitments of the Purchasers required by the Federal Reserve that are routine and consistent with past transactions. COVENANTS ANNEX
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (TriState Capital Holdings, Inc.), Preferred Stock Purchase Agreement (TriState Capital Holdings, Inc.)
No Burdensome Condition or Requirement. No condition or requirement that could reasonably be expected to be materially burdensome to the Corporation Purchasers shall be applicable (as determined by the Corporation Purchasers in its their reasonable good faith discretion) or shall have been imposed on the Corporation Purchasers by the Federal Reserve, the FDIC, the Pennsylvania Department of Banking or any other state or federal banking regulatory authority in connection with such regulatory authority’s approval of any transaction to be undertaken by the Purchasers, the Corporation or otherwise in connection with the investment contemplated herein, as applicable, except for passivity or non-association commitments of the Purchasers required by the Federal Reserve that are routine and consistent with past transactions. COVENANTS ANNEX.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (TriState Capital Holdings, Inc.), Preferred Stock Purchase Agreement (TriState Capital Holdings, Inc.)