Common use of Restriction on Repurchases Clause in Contracts

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 9 contracts

Samples: Purchase Agreement (Century Bancorp Inc), Placement Agreement (Horizon Bancorp /In/), Placement Agreement (Chandler Usa Inc)

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Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "β€œrestricted securities" ” (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 3 contracts

Samples: Placement Agreement (Lakeland Bancorp Inc), Placement Agreement (American Safety Insurance Group LTD), Purchase Agreement (Hudson United Bancorp)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 3 contracts

Samples: Placement Agreement (Vib Corp), Placement Agreement (Banc Corp), Placement Agreement (Hawthorne Financial Corp)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter or longer period as may hereafter be referred to in permitted or required by Rule 144(k) under the 1933 Act (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 1 contract

Samples: Placement Agreement (Northeast Bancorp /Me/)

Restriction on Repurchases. Until the expiration of two (2) years -------------------------- (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Resident Trustee for cancellation.

Appears in 1 contract

Samples: Placement Agreement (Florida Banks Inc)

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Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Resident Trustee for cancellation.

Appears in 1 contract

Samples: Placement Agreement (United Bancorporation of Alabama Inc)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities securities to the Institutional Trustee for cancellation.

Appears in 1 contract

Samples: Purchase Agreement (Hubco Inc)

Restriction on Repurchases. Until the expiration of two (2) -------------------------- years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital 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, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 1 contract

Samples: Placement Agreement (Resource Bankshares Corp)

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