Common use of Prohibition on Assignment by the Company Clause in Contracts

Prohibition on Assignment by the Company. Except as described in Section 9(b) (Merger or Sale of Assets) of the Subordinated Note, the Company may not assign, transfer or delegate any of its rights or obligations under this Agreement or the Subordinated Notes to any Person, other than an Affiliate or Subsidiary, without the prior written consent of all the Noteholders (as defined in the Subordinated Note). In addition, in accordance with the terms of the Subordinated Note, any transfer of such Subordinated Note by the Noteholder (as defined in the Subordinated Note) must be made in accordance with the Assignment Form attached thereto and the requirements and restrictions thereof.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc), Subordinated Note Purchase Agreement (Union Bankshares Inc)

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Prohibition on Assignment by the Company. Except as described in Section 9(b8(b) (Merger or Sale of Assets) of the Subordinated NoteNotes, the Company may not assign, transfer or delegate any of its rights or obligations under this Agreement or the Subordinated Notes to any Person, other than an Affiliate or Subsidiary, without the prior written consent of all the Noteholders (as defined in the Subordinated Note). In addition, in accordance with the terms of the Subordinated NoteNotes, any transfer of such Subordinated Note Notes by the Noteholder Noteholders (as defined in the Subordinated Note) must be made in accordance with the Assignment Form attached thereto and the requirements and restrictions thereof.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Summit Financial Group Inc), Form of Subordinated Note Purchase Agreement (Spirit of Texas Bancshares, Inc.)

Prohibition on Assignment by the Company. Except as described in Section 9(b) (Merger or Sale of Assets) of the Subordinated NoteNotes, the Company may not assign, transfer or delegate any of its rights or obligations under this Agreement or the Subordinated Notes to any Person, other than an Affiliate or Subsidiary, without the prior written consent of all the Noteholders (as defined in the Subordinated NoteNotes). In addition, in accordance with the terms of the Subordinated NoteNotes, any transfer of such Subordinated Note Notes by the Noteholder (as defined in the Subordinated Note) Noteholders must be made in accordance with the Assignment Form attached thereto and the requirements and restrictions thereof.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Bay Banks of Virginia Inc)

Prohibition on Assignment by the Company. Except as described in Section 9(b) (Merger 9(b)(Merger or Sale of Assets) of the Subordinated NoteNotes, the Company may not assign, transfer or delegate any of its rights or obligations under this Agreement or the Subordinated Notes to any Person, other than an Affiliate or Subsidiary, without the prior written consent of all the Noteholders (as defined in the Subordinated Note). In addition, in accordance with the terms of the Subordinated NoteNotes, any transfer of such Subordinated Note Notes by the Noteholder Noteholders (as defined in the Subordinated Note) must be made in accordance with the Assignment Form attached thereto and the requirements and restrictions thereof.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (LINKBANCORP, Inc.)

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Prohibition on Assignment by the Company. Except as described in Section 9(b) 9 (Merger or Sale of Assets) of the Subordinated NoteNotes, the Company may not assign, transfer or delegate any of its rights or obligations under this Agreement or the Subordinated Notes to any Person, other than an Affiliate or Subsidiary, without the prior written consent of all the Noteholders Holders (as defined in the Subordinated Note). In addition, in accordance with the terms of the Subordinated NoteNotes, any transfer of such Subordinated Note Notes by the Noteholder Holders (as defined in the Subordinated Note) must be made in accordance with the Assignment Form attached thereto and the requirements and restrictions thereof.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Bancfirst Corp /Ok/)

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