Organization, Standing and Authority of the Subsidiaries. Each UCB Subsidiary which is an insured depository institution is a state-chartered, non-member commercial bank. Each of the UCB Subsidiaries is validly existing and in good standing under the laws of its state of organization. Each of the UCB Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in its state of organization. No UCB Subsidiary is required to be qualified to do business in any other state of the United States or foreign jurisdiction other than such UCB Subsidiary's state of organization, or is engaged in any activities that have not been Disclosed.
Organization, Standing and Authority of the Subsidiaries. Each of RBMG's Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of RBMG's Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in each jurisdiction in which the nature of the business conducted by it makes such qualifications necessary, except for qualifications which if not obtained, are not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on RBMG or the Surviving Corporation. No Subsidiary of RBMG is required to be qualified to do business in any other State of the United States or foreign jurisdiction, or is engaged in any type of activities that have not been disclosed on Schedule 3.6.
Organization, Standing and Authority of the Subsidiaries. NetBank's depository institution Subsidiary is a federally chartered savings association with its deposits insured by the FDIC. Each of NetBank's Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of NetBank's Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in each jurisdiction in which the nature of the business conducted by it makes such qualifications necessary, except for qualifications which if not obtained are not reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on NetBank or the Surviving Corporation. No Subsidiary of NetBank is required to be qualified to do business in any other State of the United States or foreign jurisdiction, or is engaged in any type of activities that have not been disclosed on Schedule 4.6.
Organization, Standing and Authority of the Subsidiaries. Each First Citizens Subsidiary which is a depository institution is a federally chartered savings association or a Georgia chartered bank with its deposits insured by the FDIC. Each of the First Citizens Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of the First Citizens Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in each jurisdiction Disclosed with respect to it. No First Citizens Subsidiary is required to be qualified to do business in any other state of the United States or foreign jurisdiction, or is engaged in any type of activities that have not been Disclosed.
Organization, Standing and Authority of the Subsidiaries. Each First Virginia Subsidiary which is a depository institution is a state chartered bank with its deposits insured by the FDIC. Each of the First Virginia Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of the First Virginia Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business and in good standing in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary.
Organization, Standing and Authority of the Subsidiaries. Each Subsidiary listed on Schedule 3.4 is a corporation duly organized and validly existing under the laws of its jurisdiction of incorporation. Each Subsidiary is duly qualified and in good standing to do business in each jurisdiction in which the nature of its business or the ownership, leasing or holding of its properties makes such qualification necessary, except such jurisdictions where the failure to be so qualified or in good standing, individually or in the aggregate, would not have a Material Adverse Effect. Each Subsidiary has all requisite corporate power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to carry on its business as presently conducted other than such franchises, licenses, permits, authorizations and approvals the lack of which, individually or in the aggregate, would not have a Material Adverse Effect. Spar has made available to Buyer (i) the Certificate of Incorporation (or similar charter document), as amended to date, and the Bylaws, as in effect on the date hereof, of each Subsidiary and (ii) the stock certificate and transfer books and the minute books of each Subsidiary.
Organization, Standing and Authority of the Subsidiaries. Each First Banking Subsidiary which is a depository institution is a national bank or Georgia chartered bank with its deposits insured by the FDIC. Each of the First Banking Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of the First Banking Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in each jurisdiction Disclosed with respect to it. No First Banking Subsidiary is required to be qualified to do business in any other state of the United States or foreign jurisdiction, or is engaged in any type of activities that have not been Disclosed.
Organization, Standing and Authority of the Subsidiaries. Each of the Carbon Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of the Carbon Subsidiaries has full power and authority to carry on its business as now conducted. Each Carbon Subsidiary is required to be qualified to do business in only those states of the United States and foreign jurisdictions Disclosed in the Carbon Disclosure Memorandum, and the Carbon Disclosure Memorandum identifies whether such Carbon Subsidiary is qualified in each such jurisdiction.
Organization, Standing and Authority of the Subsidiaries. Each Franklin Subsidiary which is a depository institution is a federally chartered national banking association and its deposits are insured by the FDIC. Each of the Franklin Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of the Franklin Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in each jurisdiction Disclosed with respect to it except where the failure to be so qualified would not have a Material Adverse Effect. No Franklin Subsidiary is required to be qualified to do business in any other jurisdiction, or is engaged in any activities that have not been Disclosed except where the failure to be so qualified would not have a Material Adverse Effect.
Organization, Standing and Authority of the Subsidiaries. Each Maryland Federal Subsidiary which is a depository institution is a federally chartered savings and loan association, the deposits of which are insured by the SAIF. Each of the Maryland Federal Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization. Each of the Maryland Federal Subsidiaries has full power and authority to carry on its business as now conducted, and is duly qualified to do business in each jurisdiction Disclosed with respect to it. No Maryland Federal Subsidiary is required to be qualified to do business in any other state of the United States or foreign jurisdiction, or is engaged in any type of activities that have not been Disclosed.
