Common use of Restriction on Repurchases Clause in Contracts

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 9 contracts

Sources: Placement Agreement (Chandler Usa Inc), Placement Agreement (Chandler Usa Inc), Placement Agreement (Horizon Bancorp /In/)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 3 contracts

Sources: Placement Agreement (Vib Corp), Placement Agreement (Hawthorne Financial Corp), Placement Agreement (Banc Corp)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "β€œrestricted securities" ” (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 3 contracts

Sources: Placement Agreement (Lakeland Bancorp Inc), Placement Agreement (American Safety Insurance Group LTD), Purchase Agreement (Hudson United Bancorp)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities securities to the Institutional Trustee for cancellation.

Appears in 1 contract

Sources: Purchase Agreement (Hubco Inc)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Resident Trustee for cancellation.

Appears in 1 contract

Sources: Placement Agreement (United Bancorporation of Alabama Inc)

Restriction on Repurchases. Until the expiration of two (2) -------------------------- years (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 1 contract

Sources: Placement Agreement (Resource Bankshares Corp)

Restriction on Repurchases. Until the expiration of two (2) years (or such shorter or longer period as may hereafter be referred to in permitted or required by Rule 144(k) under the 1933 Act (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Trustee for cancellation.

Appears in 1 contract

Sources: Placement Agreement (Northeast Bancorp /Me/)

Restriction on Repurchases. Until the expiration of two (2) years -------------------------- (or such shorter period as may hereafter be referred to in Rule 144(k) (or similar successor rule)) after the original issuance of the Capital Securities, the Offerors will not, and will cause their Affiliates not to, purchase or agree to purchase or otherwise acquire any Capital Securities which are "restricted securities" (as such term is defined under Rule 144(a)(3) under the 1933 Act), whether as beneficial owner or otherwise, otherwise unless, immediately upon any such purchase, the Offerors or any Affiliate shall submit such Capital Securities to the Institutional Resident Trustee for cancellation.

Appears in 1 contract

Sources: Placement Agreement (Florida Banks Inc)