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, the failure to 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, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Agency, or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Carolina Trust BancShares, Inc.)
Regulatory Enforcement Actions. Company, Bank The Company 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 comply with which would have not result in a Material Adverse Effect. None of Companythe Company or its Subsidiaries, Bank, Company’s Subsidiaries nor any of their officers or directors directors, is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Agency, or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Bancplus Corp)
Regulatory Enforcement Actions. Company, Bank The Company and its other Subsidiaries 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 comply with which would not have a Material Adverse Effect. None of the Company, Bank, Company’s Subsidiaries nor any of its subsidiaries and its and their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letterletters, supervisory letter letters or similar regulatory correspondence, correspondence or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Agency, Agency or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Peoples Financial Services Corp.)
Regulatory Enforcement Actions. Company, Bank The Company and each of its other Subsidiaries are is 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 comply with which would not have a Material Adverse Effect. None Neither the Company nor any of Companyits Subsidiaries, Bank, Company’s Subsidiaries nor any of their officers or directors directors, is now operating under any restrictions, written agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Agency, or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Colony Bankcorp Inc)
Regulatory Enforcement Actions. Company, Bank Company and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Regulatory Agency applicable to it or to them, the failure to comply with which would have a Material Adverse Effect. None of Company, Bankits Subsidiaries, Company’s Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Regulatory Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Regulatory Agency, or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Regulatory Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Farmers & Merchants Bancorp Inc)
Regulatory Enforcement Actions. Company, Bank Company 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, the failure to comply with which would have a Material Adverse Effect. None of Company, Bank, Company’s its Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Agency, or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Sterling Bancorp, Inc.)
Regulatory Enforcement Actions. Company, Bank Company 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, the failure to comply with which would have a Material Adverse Effect. None of Company, Bankits Subsidiaries, Company’s Subsidiaries nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (ai) any such restrictions threatened, (bii) any agreements, memoranda or commitments being sought by any Governmental Agency, or (ciii) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains that remain unresolved.
Appears in 1 contract
Samples: Form of Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)
Regulatory Enforcement Actions. Company, Each of the Company and the Bank and its other Subsidiaries are is in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, the failure to comply with which would have a Material Adverse EffectEffect on the Company and the Bank, taken as a whole. None of Company, Bank, Company’s Subsidiaries the Company or the Bank nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (a) any such restrictions threatened, (b) any agreements, memoranda or commitments being sought by any Governmental Agency, or (c) any material legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Central Federal Corp)