Common Contracts
3 similar Purchase Agreement contracts by Beverly Hills Bancorp Inc, Bnccorp Inc, Cecil Bancorp Inc
BNC STATUTORY TRUST III Floating Rate Capital Securities Fully and Unconditionally Guaranteed as to Distributions and Other Payments by BNCCORP, INC. PURCHASE AGREEMENTPurchase Agreement • August 3rd, 2007 • Bnccorp Inc • National commercial banks • New York
BNCCORP, Inc., a bank holding company incorporated in Delaware (the “Company”) and BNC Statutory Trust III, a Delaware statutory trust (the “Trust” and, collectively with the Company, the “Offerors”), propose, subject to the terms and conditions stated herein, to issue and sell to Merrill Lynch International (the “Purchaser”), 14,000 of Floating Rate Capital Securities of the Trust (the “Debt Securities”), having a stated liquidation amount of $1,000 per capital security and bearing a variable distribution rate per annum, reset quarterly, equal to LIBOR (as defined in the Indenture (as defined below)) plus 1.40% (the “Floating Rate”). The Company also proposes to issue and sell an additional 1,000 of capital securities pursuant to a placement agreement dated as of the date hereof, among the Offerors and the placement agent thereto.
BEVERLY HILLS STATUTORY TRUST II Floating Rate Capital Securities Fully and Unconditionally Guaranteed as to Distributions and Other Payments by Beverly Hills Bancorp Inc. PURCHASE AGREEMENTPurchase Agreement • January 3rd, 2007 • Beverly Hills Bancorp Inc • State commercial banks • New York
The Debt Securities will be fully and unconditionally guaranteed on a subordinated basis by the Company with respect to distributions and amounts payable upon liquidation, redemption or repayment (the “Guarantee”) pursuant to the Guarantee Agreement (the “Guarantee Agreement”), to be dated as of the Closing Date specified in Section 3 hereof, and executed and delivered by the Company and Wilmington Trust Company, as trustee (the “Guarantee Trustee”), for the benefit of the holders from time to time of the Debt Securities. The entire proceeds from the sale of the Debt Securities will be combined with the entire proceeds from the sale by the Trust to the Company of its common securities (the “Common Securities”), and will be used by the Trust to purchase $5,155,000 in principal amount of the Floating Rate Junior Subordinated Debt Securities due 2037 of the Company (the “Subordinated Debt Securities”). The Debt Securities and the Common Securities of the Trust will be issued pursuant to t
CECIL BANCORP CAPITAL TRUST II Fixed/Floating Rate Capital Securities Fully and Unconditionally Guaranteed as to Distributionsand Other Payments byCecil Bancorp, Inc. PURCHASE AGREEMENTPurchase Agreement • December 4th, 2006 • Cecil Bancorp Inc • Savings institution, federally chartered • New York
The Debt Securities will be fully and unconditionally guaranteed on a subordinated basis by the Company with respect to distributions and amounts payable upon liquidation, redemption or repayment (the “Guarantee”) pursuant to the Guarantee Agreement (the “Guarantee Agreement”), to be dated as of the Closing Date specified in Section 3 hereof, and executed and delivered by the Company and Wilmington Trust Company, as trustee (the “Guarantee Trustee”), for the benefit of the holders from time to time of the Debt Securities. The entire proceeds from the sale of the Debt Securities will be combined with the entire proceeds from the sale by the Trust to the Company of its common securities (the “Common Securities”), and will be used by the Trust to purchase $7,217,000 in principal amount of the Fixed/Floating Rate Junior Subordinated Debt Securities due 2037 of the Company (the “Subordinated Debt Securities”). The Debt Securities and the Common Securities of the Trust will be issued pursuan
