Common use of Regulatory Enforcement Actions Clause in Contracts

Regulatory Enforcement Actions. Company and its Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, the failure to comply with which would have a Material Adverse Effect. None of Company, its Subsidiaries, nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (i) any such restrictions threatened, (ii) any agreements, memoranda, commitment letters, supervisory letters or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iii) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain unresolved.

Appears in 3 contracts

Sources: Subordinated Note Purchase Agreement (FVCBankcorp, Inc.), Subordinated Note Purchase Agreement (F&m Bank Corp), Subordinated Note Purchase Agreement (Delmar Bancorp)

Regulatory Enforcement Actions. Company The Company, the Bank and its their Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, the failure to comply with which would have a Material Adverse Effect. None of the Company, its Subsidiaries, the Bank and their Subsidiaries nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor areare there, to the Company’s knowledge, (ia) any such restrictions threatened, (iib) any agreements, memoranda, commitment letters, supervisory letters memoranda or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, Agency or (iiic) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain unresolved.

Appears in 3 contracts

Sources: Subordinated Note Purchase Agreement (California BanCorp), Subordinated Note Purchase Agreement (First Northwest Bancorp), Subordinated Note Purchase Agreement (Peapack Gladstone Financial Corp)

Regulatory Enforcement Actions. Company and its Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, the failure to comply with which would have a Material Adverse Effect. None of Company, its Subsidiaries, Company’s Subsidiaries nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (ia) any such restrictions threatened, (iib) any agreements, memoranda, commitment letters, supervisory letters or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iiic) any legal or regulatory violations previously identified by, or penalties or other remedial action actions previously imposed by, any Governmental Agency that remain unresolved.

Appears in 2 contracts

Sources: Subordinated Note Purchase Agreement (BankGuam Holding Co), Subordinated Note Purchase Agreement (Sb Financial Group, Inc.)

Regulatory Enforcement Actions. The Company and each of its Subsidiaries are is in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to comply with which would not have a Material Adverse Effect. None Neither the Company nor any of Company, its Subsidiaries, nor any of their respective officers or directors directors, is now operating under any restrictions, written agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (ia) any such restrictions threatened, (iib) any agreements, memoranda, commitment letters, supervisory letters memoranda or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iiic) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain remains unresolved.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Colony Bankcorp Inc)

Regulatory Enforcement Actions. Company and its Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to comply with which would not have a Material Adverse EffectEffect on Company or the applicable Subsidiary. None of Company, its Subsidiaries, nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (i) any such restrictions threatened, (ii) any agreements, memoranda, commitment letters, supervisory letters or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iii) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain unresolved.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (F&m Bank Corp)

Regulatory Enforcement Actions. The Company and its Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, except where the failure to comply with which would have not result in a Material Adverse Effect. None of Company, the Company or its Subsidiaries, nor any of their respective officers or directors directors, is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (ia) any such restrictions threatened, (iib) any agreements, memoranda, commitment letters, supervisory letters memoranda or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iiic) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain remains unresolved.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Bancplus Corp)

Regulatory Enforcement Actions. Company and its other Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, the failure to comply with which would have a Material Adverse Effect. None of Company, its Subsidiaries, Subsidiaries nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (ia) any such restrictions threatened, (iib) any agreements, memoranda, commitment letters, supervisory letters memoranda or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iiic) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain remains unresolved.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Sterling Bancorp, Inc.)

Regulatory Enforcement Actions. Company and its Subsidiaries are in compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or to them, the failure to comply with which would have a Material Adverse Effect. None of Company, its Subsidiaries, nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general application) imposed by any Governmental Agency, nor are, to Company’s knowledge, (i) any such restrictions threatened, (ii) any agreements, memoranda, commitment letters, supervisory letters memoranda or similar regulatory correspondence, or other commitments being sought by any Governmental Agency, or (iii) any legal or regulatory violations previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency that remain unresolved.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)