Company Banks definition
Examples of Company Banks in a sentence
The Company, Banks, and Agent are parties to a Credit Agreement dated as of June 1, 1997 (as previously amended, the "Credit Agreement") pursuant to which the Agent and the Banks have extended certain credit facilities to the Company.
The Executive shall receive the Executive's base salary payments through the Effective Time of the Merger (and thereafter to the extent and for so long as she remains employed by Acquiror or Acquiror Bank), and shall receive a pro rata payment under the Company Bank's Management Incentive Plan for the year of the Merger.
Company Bank's Subsidiary, First Capital Services Company, LLC, is a North Carolina limited liability company (the "LLC").
The Company's and the Company Bank's shareholders shall have approved this Agreement and the respective Mergers in accordance with applicable corporate law.
This Agreement is made and entered into -------------------------- for the sole protection and legal benefit of Company, Banks, Agent, Collateral Agent, Agent-Related Persons and Collateral Agent-Related Persons and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Loan Documents.
The Company Bank's interest in all Company Loans is free and clear of any security interest, lien, encumbrance or other charge, and, the Company Bank has complied in all material respects with all Legal Requirements relating to such Company Loans.
Beginning with the first annual shareholder meeting after such election or appointment and thereafter, such designated persons shall be subject to the same nomination and election procedures as the other directors on Company Bank's board of directors.
Notwithstanding anything to the contrary contained in this Agreement, prior to the Closing Date, the Company and its Subsidiaries shall be permitted to make contributions in an amount sufficient to cover regularly scheduled debt service with respect to the Company Bank's employee stock ownership plan.
The Buyer agrees to use its reasonable efforts to retain Company Bank's operations center in Burlington, North Carolina as (i) the operations center for Company Bank following the Effective Time and (ii) the operations center of Buyer Bank following consummation of the merger of Company Bank with and into Buyer Bank and after a reasonable period of time necessary to complete integration of operations.
Buyer intends to maintain the Company Bank's separate legal existence and name after the Effective Time.