Purchase Mechanism. If the Gross-Up Entity exercises its gross-up purchase rights provided in this Section 4.11, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 45 days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Each of the Company and the Gross-Up Entity agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of such New Securities.
Appears in 2 contracts
Sources: Investment Agreement (DBD Cayman, Ltd.), Investment Agreement (Boston Private Financial Holdings Inc)
Purchase Mechanism. If the Gross-Up Entity exercises its gross-up purchase rights provided in this Section 4.114.3, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 45 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Each of the Company and the Gross-Up Entity agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of of, such New Securities.
Appears in 2 contracts
Sources: Investment Agreement (Mbia Inc), Investment Agreement (Mbia Inc)
Purchase Mechanism. If the Gross-Up Entity Investor exercises its gross-up purchase rights provided in this Section 4.114.3, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 45 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Each of the Company and the Gross-Up Entity Investor agrees to use its commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of of, such New Securities.
Appears in 2 contracts
Sources: Investment Agreement (Webster Financial Corp), Investment Agreement (West Coast Bancorp /New/Or/)
Purchase Mechanism. If the Gross-Up Entity Investor exercises its gross-up purchase rights provided in this Section 4.114.03, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 45 50 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 30 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Each of the Company and the Gross-Up Entity agrees Investor agree to use its their commercially reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of of, such New Securities.
Appears in 1 contract
Sources: Subscription Agreement (Sterling Financial Corp /Wa/)