Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "
Appears in 15 contracts
Sources: Loan Agreement (First Federal Bancshares Inc /De), Loan Agreement (Indian Village Bancorp Inc), Loan Agreement (Security Financial Bancorp Inc)
Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor Lender to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "
Appears in 10 contracts
Sources: Employee Stock Ownership Plan Agreement (Astoria Financial Corp), Loan Agreement (Big Foot Financial Corp), Loan Agreement (Astoria Financial Corp)
Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other thanthan : (a) contributions (other than contributions of Common Stock) that are made by the ESOP sponsor to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "
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