CPP Transaction definition

CPP Transaction means a transaction pursuant to which the Company may receive proceeds from the United States Treasury in exchange for preferred stock of the Company and/or warrants to acquire Common Stock in accordance with the terms and conditions of the Capital Purchase Program, as in effect as of the Closing Date, established by the United States Treasury pursuant to the authority granted to it by the EESA and implemented under Section 111(b) of the EESA.
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Examples of CPP Transaction in a sentence

  • This Consent is contingent upon, and will become effective on, the later of: (a) the date the CPP Transaction is consummated and (b) the date Executive becomes a senior executive officer (an “SEO”) for purposes of, and subject to, the CPP Requirements (the “Effective Date”).

  • If the CPP Transaction is not consummated or Executive is not and does not become an SEO subject to the CPP Requirements, this Consent shall have no legal effect.

  • If the CPP Transaction is not consummated, this Agreement shall have no legal effect.

  • Executive hereby further consents and agrees to any amendment to this Consent or the Compensation Plans necessary for the Company to participate in the CPP Transaction or comply with the CPP Requirements.

  • This Agreement shall remain in effect for as long as the Treasury Department holds any equity or debt of the Company that was acquired pursuant to the CPP Transaction (the “Term”).

  • This Agreement shall terminate on the first date the Treasury Department no longer holds any equity or debt of the Company that was acquired pursuant to the CPP Transaction.

  • This Agreement is contingent upon consummation of, and will become effective on the date (the “Effective Date”), the CPP Transaction is consummated.

  • This Consent shall terminate on the first date the Treasury Department no longer holds any equity or debt of the Company that was acquired pursuant to the CPP Transaction or, as applicable under the CPP Requirements, the date the SEO is no longer subject to the CPP Requirements.

  • With the exception of Sections 5 and 6 below, this Consent shall remain in effect for as long as the Treasury Department holds any equity or debt of the Company that was acquired pursuant to the CPP Transaction (the “Term”).

  • With the exception of Section 5 below, this Consent shall remain in effect for as long as the Treasury Department holds any equity or debt of the Company that was acquired pursuant to the CPP Transaction (the “Term”).