No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note nor compliance with their terms and conditions will (a) violate, conflict with or result in a breach of, or constitute a default under: (i) the Articles of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (ii) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company is now a party or by which any of them or any of their properties may be bound or affected; (iii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency; or (iv) any statute, rule or regulation applicable to the Company, except, in the case of items (ii), (iii) or (iv), for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the Company, or (b) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or other agreement or instrument to which the Company or any Subsidiary of the Company is a party or by which the Company or any such Subsidiary of the Company or their respective properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (HV Bancorp, Inc.)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles of Incorporation Charter or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, note, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the Company, except, in the case of items (ii2), (iii3) or (iv4), for such violations and conflicts violations, conflicts, breaches or defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture indenture, note or other agreement or instrument creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Community Financial Corp /Md/)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amendedRegulations; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affectedis now bound; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the CompanyCompany or the Bank, except, (A) in the case of items (ii2), (iii3) or and (iv4), for such violations violations, conflicts, breaches, and conflicts defaults that would not reasonably be expected to havenot, singularly or in the aggregate, result in a Material Adverse Effect on the Company, or (bB) in the case of item (2), have otherwise been consented to or waived; or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affectedis now bound, except, in each case, only such defaults that would not reasonably be expected to havenot, singularly or in the aggregate, result in a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Farmers National Banc Corp /Oh/)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor the compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice, lapse of time, or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles of Incorporation Charter or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the Company, except, in the case of items (ii2), (iii3) or (iv4), for such violations and conflicts conflicts, breaches and defaults that would not reasonably be expected to haveto, singularly or in the aggregate, result in a Material Adverse Effect on the CompanyEffect, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Companyits Subsidiaries. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such for defaults that would not reasonably be expected to haveto, singularly or in the aggregate, result in a Material Adverse Effect on Effect. The Bank is not a party to, or otherwise subject to, any legal restriction or any agreement (other than customary limitations imposed by corporate or banking law statutes, banking regulations or other regulatory requirements) restricting the ability of the Bank to pay dividends or make any other distributions to the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Chemung Financial Corp)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amendedBylaws; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Subsidiary, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affectedis now bound; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or any Subsidiary; or (iv4) any statute, rule or regulation applicable to the CompanyCompany or any Subsidiary, except, (A) in the case of items (ii2), (iii3) or and (iv4), for such violations violations, conflicts, breaches, and conflicts defaults that would not reasonably be expected to havenot, singularly or in the aggregate, result in a Material Adverse Effect on the Company, or (bB) in the case of item (2), have otherwise been consented to or waived; or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Subsidiary, as applicable, is a party or by which the Company or any such Subsidiary Subsidiary, as applicable, or any of the Company or their respective its properties may be bound or affectedis now bound, except, in each case, only such defaults that would not reasonably be expected to havenot, singularly or in the aggregate, result in a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Mercantile Bank Corp)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles Certificate of Incorporation Formation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, note, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affectedbound; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the Company, except, in the case of items (ii2), (iii3) or (iv4), for such violations violations, conflicts, breaches and conflicts defaults that would not reasonably be expected to havenot, either singularly or in the aggregate, reasonably be expected to result in, a Material Adverse Effect on the CompanyCompany and its Subsidiaries, taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any material property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affectedbound, except, in each case, only such defaults that would not reasonably be expected to have, either singularly or in the aggregate, a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (River Financial Corp)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles Certificate of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amendedBylaws; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the Company, except, in the case of items (ii2), (iii3) or (iv4), for such violations violations, conflicts breaches and conflicts default that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Guaranty Federal Bancshares Inc)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles of Incorporation Charter or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the CompanyCompany or the Bank, except, (x) in the case of item (2) for such violations and conflicts consented to or approved by the counterparty to the Company or the Bank under any contract, agreement or instrument, and (y) in the case of items (ii2), (iii3) or (iv4), for such violations and conflicts that would not reasonably be expected to have, singularly or result in the aggregate, a Material Adverse Effect on the CompanyEffect, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor the Bank or any Subsidiary of the Company their Subsidiaries is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company Company, the Bank or any Subsidiary of the Company their Subsidiaries, as applicable, is a party or by which the Company Company, the Bank, or any such Subsidiary of the Company their Subsidiaries as applicable, or their respective any of its properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or result in the aggregate, a Material Adverse Effect on the CompanyEffect.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Bancplus Corp)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents nor compliance with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (iA) the Articles of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (iiB) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iiiC) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (ivD) any statute, rule or regulation applicable to the Company, except, in the case of items (iiB), (iiiC) or (ivD), for such violations and conflicts that would not reasonably be expected to havenot, singularly or in the aggregate, result in a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such for defaults that would not reasonably be expected to havenot, singularly or in the aggregate, result in a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (CB Financial Services, Inc.)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents nor compliance with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (iA) the Articles Certificate of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (iiB) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iiiC) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (ivD) any statute, rule or regulation applicable to the Company, except, in the case of items (iiB), (iiiC) or (ivD), for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Salisbury Bancorp Inc)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (iA) the Articles of Incorporation Charter or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (iiB) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iiiC) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (ivD) any statute, rule or regulation applicable to the Company, except, in the case of items (iiB), (iiiC) or (ivD), for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Pinnacle Bankshares Corp)
No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Subordinated Note Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (awhether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (i1) the Articles of Incorporation Charter or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (ii2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is now a party or by which any of them it or any of their its properties may be bound or affected; (iii3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental AgencyAgency applicable to the Company or the Bank; or (iv4) any statute, rule or regulation applicable to the CompanyCompany or the Bank, except, (x) in the case of item (2) for such violations and conflicts consented to or approved by the counterparty to the Company or the Bank under any contract, agreement or instrument, and (y), except, in the case of items (ii2), (iii3) or (iv4), for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole, or (bii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Company Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Company Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any such Subsidiary of the Company or their respective its properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the Company. The Bank is not a party to, or otherwise subject to, any legal restriction or any agreement (other than customary limitations imposed by corporate law statutes, banking law statutes, rules and policies, or other regulatory requirements) restricting the ability of the Bank to pay dividends or make any other distributions to the Company.
Appears in 1 contract
Sources: Subordinated Note Purchase Agreement (Northfield Bancorp, Inc.)