Common use of Securities Activities of Employees Clause in Contracts

Securities Activities of Employees. To the Knowledge of the Bank, the Bank is and at all times in the past has been, in compliance with all applicable federal and state securities laws and any regulations promulgated thereunder. The Bank and its officers, employees and agents have complied with, and currently hold, all necessary licenses and permits required under any federal or state securities law or regulation to conduct any securities activities in which the Bank or its officers, employees, or agents (on behalf of the Bank) are now engaged or have been engaged in the past.

Securities Activities of Employees. To The Bank (and in the Knowledge conduct of the Bank’s operations, the Bank is each of its officers, employees and agents) are now, and at all times in the past has have been, in compliance with all applicable federal and state securities laws and any regulations promulgated thereunder. The Bank and its officers, employees and agents have complied with, and currently hold, all necessary licenses and permits required under any federal or state securities law or regulation to conduct any securities activities in which the Bank or its officers, employees, or agents (on behalf of the Bank) are now engaged or have been engaged in the past.

Securities Activities of Employees. To The Bank (and, in the Knowledge conduct of the Bank’s operations, the Bank is each of its officers, employees and agents) are now, and at all times in the past has have been, in compliance in all material respects with all applicable federal and state securities laws and any regulations promulgated thereunder. The Bank and its officers, employees and agents have complied with, and currently hold, all necessary licenses and permits required under any federal or state securities law or regulation to conduct any securities activities in which the Bank or its officers, employees, or agents (on behalf of the Bank) are now engaged or have been engaged in the past.

Securities Activities of Employees. To The Bank and, to the Knowledge knowledge of the BankBank and the Principal Shareholder, the Bank is its officers, employees and agents are now, and at all times in the past has have been, in compliance with all applicable federal and state securities laws and any regulations promulgated thereunder. The Bank and and, to the knowledge of the Principal Shareholder, its officers, employees and agents have complied with, and currently hold, all necessary licenses and permits required under any federal or state securities law or regulation to conduct any securities activities in which the Bank or its officers, employees, or agents (on behalf of the Bank) are now engaged or have been engaged in the past.