Common use of Qualification of Securities Clause in Contracts

Qualification of Securities. The Company and the Trust will arrange for the qualification of the Preferred Securities for sale under the laws of such jurisdictions as the Placement Agent may designate and will maintain such qualifications in effect so long as required for the sale of the Preferred Securities. The Company or the Trust, as the case may be, will promptly advise the Placement Agent of the receipt by the Company or the Trust, as the case may be, of any notification with respect to the suspension of the qualification of the Preferred Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

Appears in 8 contracts

Samples: Placement Agreement (Southcoast Financial Corp), Placement Agreement (Hersha Hospitality Trust), Placement Agreement (Horizon Bancorp /In/)

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Qualification of Securities. The Company and the Trust will arrange for the qualification of the Preferred Securities for sale under the laws of such jurisdictions as the Placement Agent Purchaser may designate and will maintain such qualifications in effect so long as required for the sale of the Preferred Securities. The Company or the Trust, as the case may be, will promptly advise the Placement Agent Purchaser of the receipt by the Company or the Trust, as the case may be, of any notification with respect to the suspension of the qualification of the Preferred Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

Appears in 4 contracts

Samples: Purchase Agreement (Greater Community Bancorp), Purchase Agreement (United Bancorporation of Alabama Inc), Purchase Agreement (BNC Bancorp)

Qualification of Securities. The Company and the Trust will ----------------------------- arrange for the qualification of the Preferred Securities for sale under the laws of such jurisdictions as the Placement Agent Purchaser may designate and will maintain such qualifications in effect so long as required for the sale of the Preferred Securities. The Company or the Trust, as the case may be, will promptly advise the Placement Agent Purchaser of the receipt by the Company or the Trust, as the case may be, of any notification with respect to the suspension of the qualification of the Preferred Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

Appears in 2 contracts

Samples: Purchase Agreement (First Litchfield Financial Corp), Purchase Agreement (First Litchfield Financial Corp)

Qualification of Securities. The Company and the Trust will ---------------------------- arrange for the qualification of the Preferred Securities for sale under the laws of such jurisdictions as the Placement Agent any Purchaser may designate and will maintain such qualifications in effect so long as required for the sale of the Preferred Securities. The Company or the Trust, as the case may be, will promptly advise the Placement Agent each Purchaser of the receipt by the Company or the Trust, as the case may be, of any notification with respect to the suspension of the qualification of the Preferred Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

Appears in 1 contract

Samples: Purchase Agreement (First Banks, Inc)

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Qualification of Securities. The Company and the Trust will arrange for the qualification of the Preferred Securities for sale under the laws of such jurisdictions as the Placement Agent Purchasers may designate and will maintain such qualifications in effect so long as required for the sale of the Preferred Securities. The Company or the Trust, as the case may be, will promptly advise the Placement Agent Purchasers of the receipt by the Company or the Trust, as the case may be, of any notification with respect to the suspension of the qualification of the Preferred Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

Appears in 1 contract

Samples: Purchase Agreement (Windrose Medical Properties Trust)

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