Common use of Regulatory Enforcement Actions Clause in Contracts

Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply would have a Material Adverse Effect. None of Company, Bank, Company’s Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 5 contracts

Samples: Subordinated Note Purchase Agreement, Subordinated Note Purchase Agreement (Northeast Bancorp /Me/), Subordinated Note Purchase Agreement (Wellesley Bancorp, Inc.)

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Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply with which would have a Material Adverse Effect. None of Company, Bank, Company’s Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 4 contracts

Samples: Subordinated Note Purchase Agreement (HomeTown Bankshares Corp), Subordinated Note Purchase Agreement (Stewardship Financial Corp), Subordinated Note Purchase Agreement (ConnectOne Bancorp, Inc.)

Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply would not have a Material Adverse Effect. None of Company, Bank, Company’s other Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Malvern Bancorp, Inc.)

Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply with which would have a Material Adverse Effect. None of Company, Bank, Company’s Subsidiaries nor to the Company’s knowledge any of their officers or directors is are now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.)

Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply with which would have a Material Adverse Effect. None of Company, Bank, Company’s 's Subsidiaries nor to the Company's knowledge any of their officers or directors is are now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s 's knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.)

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Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply would not have a Material Adverse Effect. None of Company, Bank, Company’s Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Bryn Mawr Bank Corp)

Regulatory Enforcement Actions. Company, Bank and its other Subsidiaries are in compliance with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to so comply would not reasonably be expected to have a Material Adverse EffectEffect on Company and its Subsidiaries taken as a whole. None of Company, Bank, Company’s Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened or (b) any agreements, memoranda or commitments being sought by any Governmental Agency.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)

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