Common use of Regulatory Enforcement Actions Clause in Contracts

Regulatory Enforcement Actions. Except as set forth on Schedule 3.05, Seller is not subject to, and has not received any notice or advice that it may be subject to, any order, agreement, memorandum of understanding or other regulatory enforcement action or proceeding with or by any federal or state agency charged with the supervision or regulation of banks or engaged in the insurance of deposits of banks or any other Governmental Authority having supervisory or regulatory authority with respect to Seller which could have an adverse effect on the operation of the Branch Office or the ability of Seller to consummate the transactions described herein.

Regulatory Enforcement Actions. Except as set forth on Schedule 3.05, Seller is not subject to, and has not received any notice or advice that it may be subject to, any order, agreement, memorandum of understanding or other regulatory enforcement action or proceeding with or by any federal or state agency charged with the supervision or regulation of banks or engaged in the insurance of deposits of banks or any other Governmental Authority governmental agency having supervisory or regulatory authority with respect to Seller which could have an a material adverse effect on the operation of the Branch Office or Offices after the ability of Seller to consummate the transactions described hereinClosing Date.