Use of Proceeds; Expenses. (a) The Company shall use the gross proceeds from the sale of the Securities to the Investor and the closing of the transactions contemplated by the Other Private Placement to strengthen the financial position of the Company and the Bank. (b) Each of the Company and the Investor will bear and pay all costs and expenses incurred by it or on its behalf in connection with the transactions contemplated under this Agreement.
Appears in 2 contracts
Samples: Securities Purchase Agreement (MBT Financial Corp), Securities Purchase Agreement (MBT Financial Corp)
Use of Proceeds; Expenses. (a) The Company shall use the gross proceeds from the sale of the Securities to the Investor and the closing of the transactions contemplated by the Other Private Placement Placements to strengthen the financial position of the Company and the Bank.
(b) Each , possibly including, subject to the receipt of all required regulatory approvals, the repurchase of all or a portion of the issued and outstanding shares of Company and Preferred Stock issued to the Investor will bear and pay all costs and expenses incurred by it or on its behalf in connection with U.S. Treasury as part of the transactions contemplated CPP under this Agreementthe TARP.
Appears in 1 contract
Samples: Securities Purchase Agreement (Eastern Virginia Bankshares Inc)
Use of Proceeds; Expenses. (a) The Company shall use the gross proceeds from the sale of the Securities to the Investor and the closing of the transactions contemplated by the Other Private Placement to strengthen the financial position of the Company and the Bank.
(b) Each of the Company and the Investor will bear and pay all costs and expenses incurred by it or on its behalf in connection with the transactions contemplated under this Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Summit Financial Group Inc)
