Common use of Ownership and Possession of Shares Clause in Contracts

Ownership and Possession of Shares. Company is the record and beneficial owner of all the issued and outstanding shares of Company Bank and all other Subsidiaries of Company, free and clear of all Encumbrances whatsoever, except for any Encumbrances created by this Agreement and Encumbrances arising under the Securities Act or any applicable state securities laws.

Appears in 2 contracts

Samples: Reorganization Agreement and Plan of Merger (Central Valley Community Bancorp), Reorganization Agreement and Plan of Merger (Service 1st Bancorp)

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Ownership and Possession of Shares. Company is the record and beneficial owner of all the issued and outstanding shares of Company Bank and all other Subsidiaries of CompanyBank, free and clear of all Encumbrances whatsoever, except for any Encumbrances created by this Agreement and Encumbrances arising under the Securities Act or any applicable state securities laws.

Appears in 1 contract

Samples: Merger Agreement (Placer Sierra Bancshares)

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Ownership and Possession of Shares. Company is the record and beneficial owner of all the issued and outstanding shares of Company Bank and all other Subsidiaries of CompanyBank, free and clear of all Encumbrances whatsoever, except for any Encumbrances created by this Agreement and Encumbrances arising under the Securities Act or any applicable state securities laws.

Appears in 1 contract

Samples: Merger Agreement (Unionbancal Corp)

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