Restriction on New Branches Sample Clauses

Restriction on New Branches. Xxxxxx agrees that it will not, for a period of three (3) years following the Effective Date, establish a banking branch or loan production office within a ten (10) mile radius of the Branch. Nothing contained in this Section 4.15(b), however, shall be deemed to preclude Seller from acquiring and subsequently operating a branch banking or loan production office in such area pursuant to a merger or consolidation with another depository institution, or from conducting residential mortgage lending and/or financial advisory services from or within such area.
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Restriction on New Branches. The Company shall not open a new banking branch in Wxxxxxxxxx County, Tennessee, for a period of three (3) years from the Effective Date. The restriction contained in this Section 5.11 shall not affect any banking branch being operated by the Company as of the close of business on the date of this Agreement or any banking branch operated by another financial institution which acquires, or is acquired by, the Company or an Affiliate of the Company by stock acquisition, asset acquisition, merger, or otherwise; provided that said branch is in existence as of the date such other financial institution and the Company or Affiliate of the Company enter into a definitive agreement for such an acquisition or other combination.
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Restriction on New Branches. The Seller shall not open an office or ATM facility within Atlantic and Xxxxxx Counties and within a 5-mile radius of the present location of the Rocky Hill and Plainsboro branches for a period of not less than twenty-four months following the Effective Date. This restriction shall not preclude the Seller from acquiring or being acquired by, or merging with, another financial institution (or substantially all of the assets thereof) which may have branches within such market area.
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Restriction on New Branches. (a) Seller shall not open or establish a new retail banking branch (excluding automated teller machines) within Restricted Area for a period of two (2) years from the Closing Date. Seller shall not expand or relocate a retail banking branch which is located within the Restricted Area as of the date of this Agreement to a location that is closer in distance to the Branch acquired by Purchaser hereunder for a period of two (2) years from the Closing Date. This restriction shall not preclude the Seller, or any affiliate, from acquiring or merging with another financial institution which may have branches within the Restricted Area. (b) Seller shall not open or establish any other physical facility, including but not limited to any loan production office or loan or mortgage origination office, which is located within the Restricted Area and which offers products or services that compete with the deposit, consumer loan or mortgage business of the Branch for a period of two (2) years from the Closing Date.
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Restriction on New Branches. Neither Seller nor any of its existing affiliates shall open a new deposit taking office or loan origination office within Richland County for a period of five (5) years from the date of this Agreement. For a period of one (1) year following the Closing Date, Seller will not solicit any resident of Richland County to induce such person to shift its deposit, loan or other banking business to Seller; provided, however, that the foregoing shall not restrict, in any manner, (a) general media or other advertising not directed at a specific customer or (b) accepting a customer of the Branch who has requested a banking relationship for any reason other than the solicitation prohibited by the first clause of this Paragraph. It is expressly agreed that the foregoing restriction shall not prohibit Seller or any of its affiliates from acquiring, purchasing or merging with another financial institution or financial services company located within, having offices within or doing business within Richland County or continuing to maintain customer relationships that may exist with customers of other Peoples National Bank offices or FirstMerit affiliates that happen to live in Richland County. This Agreement does not prohibit any FirstMerit affiliates from participating in loans where either the collateral is located or the borrower resides or the originating lender has a presence in Richland County.
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Restriction on New Branches. The Seller shall not open an office or ATM facility within Camden County for a period of one year following the Effective Date. This restriction shall not affect any banking branch being operated by the Seller as of the close of business on the date this of this Agreement, nor shall such restriction preclude the Seller from acquiring or being acquired by another financial institution which may have branches within such market area.
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Restriction on New Branches. The Seller shall not open a branch office in Tioga or Xxxxxx County for a period of two (2) years following the Effective Time. This restriction shall not affect any banking branch operated by the Seller as of the close of business on the date of this Agreement or the relocation of any such banking branch; nor shall such restriction preclude the Seller from acquiring or being acquired by another financial institution which may have branches within such market area.
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Restriction on New Branches. 33 ARTICLE VII - CONDITIONS TO PURCHASER'S OBLIGATIONS..............................................................33
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Restriction on New Branches. Seller shall not open a new (or relocate or expand any existing) banking branches or other physical facility, including ATMs, which offers products or services that compete with the deposit or loan business of the Branches within Belmont County for the period beginning upon the execution of this Agreement and ending five (5) years after the Effective Date. The restriction contained in this Section shall not preclude Seller from acquiring or merging with or into an institution which has branches within the area referred to herein.
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Related to Restriction on New Branches

  • Restriction on Use The Contractor agrees that to the extent it receives or is given any information from NYSERDA or a NYSERDA contractor or subcontractor, the Contractor shall treat such data in accordance with any restrictive legend contained thereon or instructions given by NYSERDA, unless another use is specifically authorized by prior written approval of the NYSERDA Project Manager. Contractor acknowledges that in the performance of the Work under this Agreement, Contractor may come into possession of personal information as that term is defined in Section 92 of the New York State Public Officers Law. Contractor agrees not to disclose any such information without the consent of NYSERDA.

  • Restriction on Funds The Local Church, nor its Subsidiaries, are party to any agreement, contract, loan, debt or the like, aside from the Discipline, that restricts the use or spending of its funds.

  • Restriction on Resales Until the expiration of two years after the original issuance of the Securities, the Company will not, and will cause its "affiliates" (as such term is defined in Rule 144(a)(1) under the 0000 Xxx) not to, resell any Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 0000 Xxx) that have been reacquired by any of them and shall immediately upon any purchase of any such Securities submit such Securities to the Trustee for cancellation.

  • Restriction on Repurchases Until the expiration of two years after the original issuance of the offered Securities, the Company will not, and will cause its Affiliates not to, resell any offered Securities which are “restricted securities” (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise (except as agent acting as a securities broker on behalf of and for the account of customers in the ordinary course of business in unsolicited broker’s transactions).

  • Restriction on Sale Upon and following any conversion ------------------- pursuant to this Section 2, no holder of any Conversion Stock shall effect any sale or distribution of any of the Conversion Stock (which shall include any and all voting securities received by such holder as or in connection with a stock dividend, stock split or other recapitalization or similar distribution on or in respect of the Conversion Stock) or any of the Company's other equity securities, or of any securities convertible into or exchangeable for such securities, during the period beginning on the closing of the Initial Public Offering and ending 180 days after such closing. The certificate

  • Restriction on Liens Neither the Borrower nor any of the Subsidiaries is a party to any material agreement or arrangement (other than Capital Leases creating Liens permitted by Section 9.03(c), but then only on the Property subject of such Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent and the Lenders on or in respect of their Properties to secure the Indebtedness and the Loan Documents.

  • Restriction on Activities Commencing as of the date first above written, and until the earlier of payment of the Note in full or full conversion of the Note, the Company shall not, directly or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the nature of its business; or (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course of business.

  • Restriction on Assignment No party to this Agreement may assign or transfer all or any part of its rights or obligations under this Agreement except as provided in this Section 10.

  • Restriction on Transfer, etc Unless it is expressly permitted in this Agreement, you will not sell, transfer, assign, mortgage, enter into a derivative transaction concerning, or otherwise deal in any way with your escrow securities or any related share certificates or other evidence of the escrow securities. If a Securityholder is a private company controlled by one or more principals (as defined in section 3.5 of the Policy) of the Issuer, the Securityholder may not participate in a transaction that results in a change of its control or a change in the economic exposure of the principals to the risks of holding escrow securities.

  • Restriction on Transfers No Partner shall Transfer or attempt to Transfer any of the Partnership Interests now owned or hereafter acquired by such Partner except to an Authorized Transferee of such Partner in accordance with this Agreement. In the event of any purported or attempted Transfer of Partnership Interests that does not comply with this Agreement, the purported transferee or successor by operation of law shall not be deemed to be a Partner of the Partnership for any purpose and shall not be entitled to any of the rights of a Partner of the Partnership, including, without limitation, the right to vote the Partnership Interests or to receive a certificate for Partnership Interests or any distributions of any kind on or with respect to Partnership Interests. Any purported or attempted Transfer of Partnership Interests made other than in accordance with the provisions of this Agreement shall be void ab initio and the last holder of record who acquired such Partnership Interests in a manner not contrary to the provisions of this Agreement shall be recognized as the holder of such Partnership Interests for all purposes and the Partnership Interests shall continue to be treated as Partnership Interests for all purposes under this Agreement, shall be deemed owned by such recognized holder for purposes of the operation of this Agreement and shall continue to be subject to the terms of this Agreement. The substitution of a trustee of a Partner shall not be prohibited by this Section 8.2, provided that the substitute trustee has executed and delivered to the Partnership a counterpart of this Agreement agreeing to be subject to the restrictions and obligations of a Partner hereunder and to hold all Partnership Interests then owned or later acquired by such Partner in accordance with the terms of this Agreement.

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