Common use of Regulatory Capital and Condition Clause in Contracts

Regulatory Capital and Condition. Purchaser is in compliance with all capital standards as of the date hereof, and has no reason to believe that it will be unable to obtain the required regulatory approvals for the transactions contemplated by this Agreement solely as a result of its current level of regulatory capital. As of the date of this Agreement, there is no pending or threatened legal or governmental proceedings against Purchaser or any Affiliate that would affect Purchaser's ability to obtain the required regulatory approvals or satisfy any of the other conditions required to be satisfied in order to consummate any of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Floridafirst Bancorp Inc), Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)

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Regulatory Capital and Condition. Purchaser Buyer is in compliance with all capital standards as of the date hereof, and has no reason to believe that it will be unable to obtain the required regulatory approvals for the transactions contemplated by this Agreement solely as a result of its current level of regulatory capital. As of the date of this Agreement, there is no pending or threatened legal or governmental proceedings against Purchaser Buyer or any Affiliate that would affect PurchaserBuyer's ability to obtain the required regulatory approvals or satisfy any of the other conditions required to be satisfied in order to consummate any of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (FNB Corp \Va\)

Regulatory Capital and Condition. Purchaser The Buyer is in compliance with all of its regulatory capital standards as of the date hereof, and has no reason to believe that it will be unable to obtain the required regulatory approvals for the transactions contemplated by this Agreement solely as a result of its current level of regulatory capital. As of the date of this Agreement, there is no pending or or, to the Buyer's Knowledge, threatened legal or governmental proceedings against Purchaser the Buyer or any Affiliate that would affect Purchaserthe Buyer's ability to obtain the required regulatory approvals or satisfy any of the other conditions required to be satisfied in order to consummate any of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (R&g Financial Corp)

Regulatory Capital and Condition. Purchaser is in compliance with all applicable capital standards as of the date hereof, hereof and has no reason to believe that it will be unable to obtain the required regulatory approvals for the transactions contemplated by this Agreement herein solely as a result of its current level of regulatory capital. As of the date of this Agreement, there is no pending or threatened legal or governmental proceedings against Purchaser or any Affiliate that would affect Purchaser's ability to obtain the required regulatory approvals or satisfy any of the other conditions required to be satisfied in order to consummate any of the transactions contemplated by this AgreementAgreement is not contingent on raising any equity capital.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Gateway Financial Holdings Inc)

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Regulatory Capital and Condition. Purchaser is in compliance with all capital standards as of the date hereof, and has no reason to believe that it will be unable to obtain the required regulatory approvals for the transactions contemplated by this Agreement herein solely as a result of its current level of regulatory capital. As of the date of this Agreementhereof, there is no pending or threatened legal or governmental proceedings against Purchaser or any Affiliate affiliate of Purchaser that would affect Purchaser's ability to obtain the required regulatory approvals or satisfy any of the other conditions required to be satisfied in order to consummate any of the transactions contemplated by this Agreementhereby.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Union Bankshares Corp)

Regulatory Capital and Condition. Purchaser is in compliance with all of its regulatory capital standards as of the date hereof, and has no reason to believe that it will be unable to obtain the required regulatory approvals for the transactions contemplated by this Agreement solely as a result of its current level of regulatory capitalAgreement. As of the date of this Agreement, there is no pending or or, to the Purchaser’s knowledge, threatened legal or governmental proceedings against the Purchaser or any Affiliate of its affiliates that would affect the Purchaser's ’s ability to obtain the required regulatory approvals or satisfy any of the other conditions required to be satisfied in order to consummate any of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Hopfed Bancorp Inc)

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