Common use of Subsidiaries and Equity Holdings Clause in Contracts

Subsidiaries and Equity Holdings. (1) (A) It has previously disclosed a list of its Subsidiaries and it owns, directly or indirectly, all the outstanding equity securities of its Subsidiaries free and clear of Liens, and all such equity securities have been duly authorized and are validly issued and outstanding, fully paid and nonassessable (except, in the case of Company Bank Sub, as provided in 12 U.S.C. § 55); (B) no equity securities of any of its Subsidiaries are or may become required to be issued (other than to it or its wholly owned Subsidiaries) by reason of any Right or otherwise; (C) there are no contracts, commitments, arrangements or understandings by which it or any of its Subsidiaries is or may become bound to sell or otherwise transfer any equity securities of any of its Subsidiaries (other than to it or its wholly owned Subsidiaries); (D) there are no contracts, commitments, arrangements or understandings by which it or any of its Subsidiaries is or may become bound that relate to its rights to vote or dispose of any equity securities of any of its Subsidiaries; and (E) each Subsidiary that is a bank (as defined in the BHC Act) is an “insured bank” as defined in the Federal Deposit Insurance Act and applicable regulations thereunder.

Subsidiaries and Equity Holdings. (1) (A) It The Company has previously disclosed Previously Disclosed a list of its Subsidiaries Subsidiaries, and it except for the trust preferred securities issued by a Subsidiary of the Company, the Company owns, directly or indirectly, all the outstanding equity securities of its Subsidiaries free and clear of Liens, and all such equity securities have been duly authorized and are validly issued and outstanding, fully paid and nonassessable (except, in the case of Company Bank Sub, as provided in 12 U.S.C. § 55); (B) no nonassessable. No equity securities of any of its the Company’s Subsidiaries are or may become required to be issued (other than to it the Company or one of its wholly owned Subsidiaries) by reason of any Right or otherwise; . There are no agreements, contracts, commitments, arrangements or understandings by which the Company or any of its Subsidiaries is or may become bound to issue, sell or otherwise transfer any equity securities of any of the Company’s Subsidiaries (C) there other than to the Company or one of its wholly owned Subsidiaries). There are no contracts, commitments, arrangements or understandings by which it or any of its Subsidiaries is or may become bound to sell or otherwise transfer any equity securities of any of its Subsidiaries (other than to it or its wholly owned Subsidiaries); (D) there are no contracts, commitments, arrangements or understandings by which it the Company or any of its Subsidiaries is or may become bound that relate to the Company’s or any of its Subsidiaries’ rights to vote or dispose of any equity securities of any of its the Company’s Subsidiaries; and (E) each Subsidiary . Each of the Company’s Subsidiaries that is a bank (as defined in the BHC Act) is an “insured bank” as defined in the Federal Deposit Insurance Act and applicable regulations thereunderAct.

Subsidiaries and Equity Holdings. (1) The Company has Previously Disclosed (Ai) It has previously disclosed a list setting forth each Company Subsidiary, (ii) the number of its Subsidiaries authorized and it issued and outstanding shares of each such Subsidiary and (iii) the record owner(s) of such issued and outstanding shares. The Company owns, directly or indirectly, all the outstanding equity securities of (and all the voting power in respect of) each of its Subsidiaries free and clear of LiensLiens or any Adverse Rights, and all such equity securities have been duly authorized and are validly issued and outstanding, fully paid and nonassessable non-assessable (except, in the case of Company Bank SubMeridian Bank, National Association, as provided in 12 U.S.C. § 5555 or comparable state law in the case of Meridian Bank Texas); (B) no . No equity securities of any of its Subsidiaries Company Subsidiary are or may become required to be issued (other than to it the Company or one of its wholly wholly-owned Subsidiaries) by reason of any Right or otherwise; (C) there . There are no contractsContracts, commitments, arrangements or understandings by which it the Company or any of its Subsidiaries is or may become bound to sell or otherwise transfer any equity securities of any of its Subsidiaries (other than to it or its wholly owned Subsidiaries); (D) there Company Subsidiary. There are no contractsContracts, commitments, arrangements or understandings by which it the Company or any of its Subsidiaries is or may become bound that relate to the Company’s or any of its Subsidiaries’ rights to vote or dispose of any equity securities of any of its Subsidiaries; and (E) each Company Subsidiary. Each Company Subsidiary that is a bank (as defined in the BHC Act) is an “insured bank” as defined in the Federal Deposit Insurance Act and applicable regulations thereunderFDI Act.