Purchase Mechanism. If such Purchaser exercises its rights provided in this Section 4.21, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser will occur no earlier than the closing of the Offering triggering the right being exercised by such Purchaser. Each of the Company and such Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Ecb Bancorp Inc), Securities Purchase Agreement (Ecb Bancorp Inc), Securities Purchase Agreement (Ecb Bancorp Inc)
Purchase Mechanism. If such Purchaser exercises its rights provided in this Section 4.214.16, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 thirty (30) calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 one hundred eighty (180) days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder shareholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser will occur no earlier than the closing of the Offering triggering the right being exercised by such Purchaser. Each of the Company and such Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Blue Ridge Bankshares, Inc.), Securities Purchase Agreement (Blue Ridge Bankshares, Inc.)
Purchase Mechanism. If such the Purchaser exercises its rights provided in this Section 4.214.15, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such the Purchaser will occur no earlier than the closing of the Offering triggering the right being exercised by such the Purchaser. Each of the Company and such the Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Securities Purchase Agreement (Porter Bancorp, Inc.)
Purchase Mechanism. If such the Purchaser exercises its rights provided in this Section 4.21, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Purchasers will occur no earlier than the closing of the Offering triggering the right being exercised by such the Purchaser. Each of the Company and such the Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Securities Purchase Agreement (Heritage Oaks Bancorp)
Purchase Mechanism. If such Purchaser exercises its rights provided in this Section 4.214.13, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 thirty (30) calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 one hundred eighty (180) days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder shareholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser will occur no earlier than the closing of the Offering triggering the right being exercised by such Purchaser. Each of the Company Issuer and such Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Form of Stock Purchase Agreement (Blue Ridge Bankshares, Inc.)
Purchase Mechanism. If such Purchaser the Investor exercises its rights provided in this Section 4.21Section, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 thirty (30) calendar days after the giving of notice of such exerciseexercise but in any event not later than the closing of the Offering, which period of time shall be extended for a maximum of 180 sixty (60) days in order to comply with applicable laws and regulations Laws (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Investors will occur no earlier than the closing of the Offering triggering the right being exercised by such Purchaserthe Investors. Each of the Company and such Purchaser the Investor agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation Law necessary in connection with the offer, sale and purchase of, such New Securities. No underwriting fees, sales commissions or similar fees or payments shall be made with respect to any securities acquired by the Investor pursuant to this Section.
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Purchase Mechanism. If such the Qualifying Purchaser exercises its rights provided in this Section 4.214.17, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder shareholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Qualifying Purchasers will occur no earlier than the closing of the Offering triggering the right being exercised by such the Qualifying Purchaser. Each of the Company and such the Qualifying Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
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Purchase Mechanism. If such the Purchaser exercises its rights provided in this Section 4.21Exhibit H, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Purchasers will occur no earlier than the closing of the Offering triggering the right being exercised by such the Purchaser. Each of the Company and such the Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Porter Bancorp, Inc.
Purchase Mechanism. If such the Purchaser exercises its rights provided in this Section 4.214.17, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder shareholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Purchasers will occur no earlier than the closing of the Offering triggering the right being exercised by such the Purchaser. Each of the Company and such the Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
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Purchase Mechanism. If such the Purchaser exercises its rights provided in this Section 4.214.15, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Purchasers will occur no earlier than the closing of the Offering triggering the right being exercised by such the Purchaser. Each of the Company and such the Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Securities Purchase Agreement (Porter Bancorp, Inc.)
Purchase Mechanism. If such Purchaser exercises its rights provided in this Section 4.214.18, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser will occur no earlier than the closing of the Offering triggering the right being exercised by such Purchaser. Each of the Company and such Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
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Purchase Mechanism. If such the Qualifying Purchaser exercises its rights provided in this Section 4.214.16, the closing of the purchase of the New Securities in connection with the closing of the Offering offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder shareholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Qualifying Purchasers will occur no earlier than the closing of the Offering offering triggering the right being exercised by such the Qualifying Purchaser. Each of the Company and such Purchaser the Qualifying Purchasers agrees to use its commercially reasonable efforts to secure any regulatory or stockholder shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Stock Purchase Agreement (Southern States Bancshares, Inc.)
Purchase Mechanism. If such the Purchaser exercises its rights provided in this Section 4.214.17, the closing of the purchase of the New Securities in connection with the closing of the Offering with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Notwithstanding anything to the contrary herein, the closing of the purchase of the New Securities by such Purchaser the Purchasers will occur no earlier than the closing of the Offering triggering the right being exercised by such the Purchaser. Each of the Company and such the Purchaser agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.
Appears in 1 contract
Samples: Securities Purchase Agreement (North Valley Bancorp)