Regulated Activities. Issuer shall not itself, nor shall it cause, permit or allow any Subsidiary of Issuer to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Issuer and/or such Subsidiary or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices.
Appears in 3 contracts
Sources: Subordinated Note Purchase Agreement (Two River Bancorp), Subordinated Note Purchase Agreement (DNB Financial Corp /Pa/), Subordinated Note Purchase Agreement (New Hampshire Thrift Bancshares Inc)