Common use of Restrictions on Borrower Clause in Contracts

Restrictions on Borrower. None of Borrower or any Subsidiary is a party, nor is bound by, any contract or agreement or instrument, or subject to any charter or other corporate restriction materially and adversely affecting its financial condition, business or operations.

Appears in 6 contracts

Samples: Loan Agreement (National Penn Bancshares Inc), Subordinated Note Purchase Agreement (Sterling Bancshares Inc), Subordinated Debenture Purchase Agreement (Ucbh Holdings Inc)

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Restrictions on Borrower. None Except as set forth under Section 4.8.1 of the Disclosure Schedule, none of Borrower or any Subsidiary is a party, nor is bound by, any material contract or agreement or instrument, or subject to any charter or other corporate restriction materially and adversely affecting its financial condition, business or operationsoperations or prohibiting it from paying dividends.

Appears in 1 contract

Samples: Loan and Subordinated Debenture Purchase Agreement (Old Second Bancorp Inc)

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Restrictions on Borrower. None of Neither Borrower or nor any Subsidiary is a partyparty to or bound by any contract, nor is bound by, any contract or agreement or instrument, instrument entered into outside the ordinary course of its business which has or subject would reasonably be expected to any charter have a material adverse effect on the ability of Borrower to perform its obligations under this Agreement or other corporate restriction materially and adversely affecting its financial condition, business or operationsthe Subordinated Debenture.

Appears in 1 contract

Samples: Subordinated Debenture Purchase Agreement (Independent Bank Corp)

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