Common use of Rights of Purchaser Clause in Contracts

Rights of Purchaser. The Preferred Securities shall be offered and sold by the Trust, directly or indirectly, to the Purchaser without registration of any of the Preferred Securities, the Junior Subordinated Notes or the Guarantee under the Securities Act of 1933, as amended (the “Securities Act”), or any other applicable securities laws in reliance upon exemptions from the registration requirements of the Securities Act and other applicable securities laws. The Offerors agree that this Agreement shall be incorporated by reference into the Subscription Agreement and the Purchaser shall be entitled to each of the benefits of the Placement Agent and the Purchaser under this Agreement (except for the rights of the Placement Agent under Sections 2.1 and 2.4.1 of this Agreement) and shall be entitled to enforce obligations of the Offerors under this Agreement as fully as if the Purchaser were a party to this Agreement. The Offerors and the Placement Agent have entered into this Agreement to set forth their understanding as to their relationship and their respective rights, duties and obligations.

Appears in 1 contract

Samples: Placement Agreement (Horizon Bancorp /In/)

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Rights of Purchaser. The Preferred Securities shall be offered and sold by the Trust, Trust directly or indirectly, to the Purchaser without registration of any of the Preferred Securities, the Junior Subordinated Notes or the Guarantee under the Securities Act of 1933, as amended (the “Securities Act”), Securities and Exchange Commission (the “SEC”) rules or any other applicable securities laws in reliance upon exemptions from the registration requirements of the Securities Act set forth under Section 4(2) of the Securities Act and other applicable securities laws. The Offerors agree that this Agreement shall be incorporated by reference into the Subscription Agreement and the Purchaser shall be entitled to each of the benefits of the Placement Agent and the Purchaser under this Agreement (except for the rights of the Placement Agent under Sections 2.1 and 2.4.1 of this Agreement) and shall be entitled to enforce obligations of the Offerors under this Agreement as fully as if the Purchaser were a party to this Agreement. The Offerors and the Placement Agent have entered into this Agreement to set forth their understanding as to their relationship and their respective rights, duties and obligations.

Appears in 1 contract

Samples: Placement Agreement (Arrow Financial Corp)

Rights of Purchaser. The Preferred Securities shall be offered and sold by the Trust, directly or indirectly, to the Purchaser without registration of any of the Preferred Securities, the Junior Subordinated Notes or the Guarantee under the Securities Act of 1933, as amended (the “Securities Act”), or any other applicable securities laws in reliance upon exemptions from the registration requirements of the Securities Act and other applicable securities laws. The Offerors agree that this Agreement shall be incorporated by reference into the Subscription Agreement Agreement, and the Purchaser shall be entitled to each of the benefits of the Placement Agent and the Purchaser under this Agreement (except for the rights of the Placement Agent under Sections 2.1 and 2.4.1 of this Agreement) and shall be entitled to enforce obligations of the Offerors under this Agreement as fully as if the Purchaser were a party to this Agreement. The Offerors and the Placement Agent have entered into this Agreement to set forth their understanding as to their relationship and their respective rights, duties and obligations.

Appears in 1 contract

Samples: Placement Agreement (Greer Bancshares Inc)

Rights of Purchaser. The Preferred Securities shall be offered and sold by the Trust, directly or indirectly, to the Purchaser without registration of any of the Preferred Securities, the Junior Subordinated Notes or the Guarantee under the Securities Act of 1933, as amended (the "Securities Act"), or any other applicable securities laws in reliance upon exemptions from the registration requirements of the Securities Act and other applicable securities laws. The Offerors agree that this Agreement shall be incorporated by reference into the Subscription Agreement and the Purchaser shall be entitled to each of the benefits of the Placement Agent and the Purchaser under this Agreement (except for the rights of the Placement Agent under Sections 2.1 and 2.4.1 of this Agreement) and shall be entitled to enforce obligations of the Offerors under this Agreement as fully as if the Purchaser were a party to this Agreement. The Offerors and the Placement Agent have entered into this Agreement to set forth their understanding as to their relationship and their respective rights, duties and obligations.

Appears in 1 contract

Samples: Placement Agreement (Blue River Bancshares Inc)

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Rights of Purchaser. The Preferred Securities shall be offered and sold by the Trust, Trust directly or indirectly, to the Purchaser without registration of any of the Preferred Securities, the Junior Subordinated Notes or the Guarantee under the Securities Act of 1933, as amended (the "Securities Act"), Securities and Exchange Commission (the "SEC") rules or any other applicable securities laws in reliance upon exemptions from the registration requirements of the Securities Act set forth under Section 4(2) of the Securities Act and Commission Rule 506 and other applicable securities laws. The Offerors agree that this Agreement shall be incorporated by reference into the Subscription Agreement and the Purchaser shall be entitled to each of the benefits of the Placement Agent and the Purchaser under this Agreement (except for the rights of the Placement Agent under Sections 2.1 and 2.4.1 of this Agreement) and shall be entitled to enforce obligations of the Offerors under this Agreement as fully as if the Purchaser were a party to this Agreement. The Offerors and the Placement Agent have entered into this Agreement to set forth their understanding as to their relationship and their respective rights, duties and obligations.

Appears in 1 contract

Samples: Placement Agreement (Capital City Bank Group Inc)

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