Common use of No Conflicts; Defaults Clause in Contracts

No Conflicts; Defaults. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, and compliance by the Bank with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 any material agreement, instrument or obligation to which it is a party or by which the property of the Bank is bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, any other required Governmental Entity and as set forth in Exhibit 4.16, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of the Bank; or (d) violate the Charter Documents or any Rules to which the Bank is subject.

Appears in 2 contracts

Samples: Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group), Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

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No Conflicts; Defaults. The execution, delivery and performance of this the Agreement of Merger and the consummation of the transactions contemplated herein, including the Mergertherein, and compliance by the Bank with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 6.21 any material agreement, instrument or obligation to which it is the Surviving Bank will become a party or by which the property of the Surviving Bank is will become bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, any other required Governmental Entity the FDIC and the Commissioner and as set forth in Exhibit 4.166.21, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of the Surviving Bank; or (d) violate the Charter Documents or any Rules to which the Surviving Bank is subject.

Appears in 2 contracts

Samples: Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group), Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

No Conflicts; Defaults. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, and compliance by the Bank Company with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 5.15 any material agreement, instrument or obligation to which it is a party or by which the property of the Bank Company is bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, the Commissioner and any other required Governmental Entity Entity, and as set forth in Exhibit 4.165.15, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of or the BankCompany; or (d) violate the Charter Documents or any Rules to which the Bank Company is subject.. 46

Appears in 1 contract

Samples: Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

No Conflicts; Defaults. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, and compliance by the Bank Company with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 5.12 any material agreement, instrument or obligation to which it is a party or by which the property of the Bank Company is bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, the Commissioner and any other required Governmental Entity Entity, and as set forth in Exhibit 4.165.12, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of or the BankCompany; or (d) violate the Charter Documents or any Rules to which the Bank Company is subject.

Appears in 1 contract

Samples: Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

No Conflicts; Defaults. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, and compliance by the Bank Company with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 5.12 any material agreement, instrument or obligation to which it is a party or by which the property of the Bank Company is bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, any other required Governmental Entity the FDIC and/or the Superintendent and as set forth in Exhibit 4.165.12, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of or the BankCompany; or (d) violate the Charter Documents or any Rules to which the Bank Company is subject.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Monarch Bancorp)

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No Conflicts; Defaults. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, and compliance by the Bank with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 any material agreement, instrument or obligation to which it is a party or by which the property of the Bank is bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, any other required Governmental Entity FDIC and the Superintendent and as set forth in Exhibit 4.16, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of the Bank; or (d) violate the Charter Documents or any Rules to which the Bank is subject.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Monarch Bancorp)

No Conflicts; Defaults. The execution, delivery and performance of this the Agreement of Merger and the consummation of the transactions contemplated herein, including the Mergertherein, and compliance by the Interim Bank with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 7.16 any material agreement, instrument or obligation to which it is Interim Bank will become a party or by which the property of the Interim Bank is will become bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, any other required Governmental Entity the FDIC and the Commissioner and as set forth in Exhibit 4.167.16, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of the Interim Bank; or (d) violate the Charter Documents or any Rules to which the Interim Bank is subject."

Appears in 1 contract

Samples: First Restatement of Agreement (Pacific Community Banking Group)

No Conflicts; Defaults. The execution, delivery and performance of this the Agreement of Merger and the consummation of the transactions contemplated herein, including the Mergertherein, and compliance by the Bank with any provision hereof and thereof will not (a) conflict with or result in a breach of, or default or loss of any benefit under, any provision of its Charter Documents or, except as set forth in Exhibit 4.16 6.21 any material agreement, instrument or obligation to which it is the Surviving Bank will become a party or by which the property of the Surviving Bank is will become bound or give any other party to any such agreement, instrument or obligation the right to terminate or modify any term thereof; (b) except for the prior approval of the FRB, Commissioner, any other required Governmental Entity FDIC and the Superintendent and as set forth in Exhibit 4.166.21, require any Consents; or (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of the Surviving Bank; or (d) violate the Charter Documents or any Rules to which the Surviving Bank is subject.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Monarch Bancorp)

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