Common use of Shareholder Litigation Clause in Contracts

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreements. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Cascade Bancorp), Securities Purchase Agreement (Cascade Bancorp), Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Investor Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding Proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary of its Subsidiaries or any of the past or present executive officers or directors of the Company or any Company Subsidiary of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchasers and keep the Investor Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Patriot National Bancorp Inc), Securities Purchase Agreement (Patriot National Bancorp Inc), Securities Purchase Agreement (Northpointe Bancshares Inc)

Shareholder Litigation. The Company shall promptly inform the Investor ▇▇▇▇▇▇▇▇▇ of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary of its Subsidiaries or any of the past or present executive officers or directors of the Company or any Company Subsidiary its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchaser and keep the Investor Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 4 contracts

Sources: Stock Purchase Agreement (CoastalSouth Bancshares, Inc.), Stock Purchase Agreement (CoastalSouth Bancshares, Inc.), Stock Purchase Agreement (CoastalSouth Bancshares, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation, except to the extent that any such disclosures would violate or breach the Company’s attorney-client privilege.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Summit Financial Group Inc), Securities Purchase Agreement (MBT Financial Corp), Securities Purchase Agreement (MBT Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Investor Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary of its Subsidiaries or any of the past or present executive officers or directors of the Company or any Company Subsidiary of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchasers and keep the Investor Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Bancorp 34, Inc.), Securities Purchase Agreement (Castle Creek Capital Partners VI, LP), Securities Purchase Agreement (Pathfinder Bancorp, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreementshereby. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 3 contracts

Sources: Share Purchase Agreement (Singapore Technologies Telemedia Pte LTD), Share Purchase Agreement (CyrusOne Inc.), Share Purchase Agreement (GDS Holdings LTD)

Shareholder Litigation. The Company shall promptly inform the Investor Investors of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order OCC Agreement or the transactions contemplated hereby or by the Other Securities Purchase Agreements. The Company shall consult with the Investor Investors and keep the Investor Investors informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Brown Bernard A), Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Shareholder Litigation. The Company shall promptly inform the Investor Purchaser of any claim, action, suit, arbitration, mediation, demand, hearing, investigation actual or proceeding (“Shareholder Litigation”) threatened Action against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreements(“Shareholder Litigation”). The Company shall consult with the Investor Purchaser and keep the Investor Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Investment Agreement (T-Viii Pubopps Lp), Investment Agreement (TriState Capital Holdings, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding ("Shareholder Litigation") against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order OCC Agreement or the transactions contemplated hereby or by the Other Securities Purchase Agreements. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Shareholder Litigation. The Company shall promptly inform the Investor Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary of its Subsidiaries or any of the past or present executive officers or directors of the Company or any Company Subsidiary its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor and keep the Investor Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Stock Purchase Agreement (CoastalSouth Bancshares, Inc.), Stock Purchase Agreement (CoastalSouth Bancshares, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor Investors of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding ("Shareholder Litigation") against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order OCC Agreement or the transactions contemplated hereby or by the Other Securities Purchase Agreements. The Company shall consult with the Investor Investors and keep the Investor Investors informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Shareholder Litigation. The Company shall promptly inform the Investor Purchaser of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding Proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchaser and keep the Investor Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Amarillo Biosciences Inc), Securities Purchase Agreement (Porter Bancorp, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreementsother Transaction Documents. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Mackinac Financial Corp /Mi/), Securities Purchase Agreement (Mackinac Financial Corp /Mi/)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Intermountain Community Bancorp), Securities Purchase Agreement (Intermountain Community Bancorp)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Eastern Virginia Bankshares Inc), Securities Purchase Agreement (Eastern Virginia Bankshares Inc)

Shareholder Litigation. The Company shall promptly inform the Investor Purchaser of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary of its Subsidiaries or any of the past or present executive officers or directors of the Company or any Company Subsidiary of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchaser and keep the Investor Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Tri-County Financial Group, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor Purchaser of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding ("Shareholder Litigation") against the Company, any Subsidiary of the Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchaser and keep the Investor Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Trinity Capital Corp)

Shareholder Litigation. The Company shall promptly inform the Investor Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchasers and keep the Investor Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Riverview Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Investor Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary the Bank or any of the their respective past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions transaction contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchasers and keep the Investor Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (OP Bancorp)

Shareholder Litigation. The Company shall promptly inform the Investor Qualified Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company its Subsidiary or any of the past or present executive officers or directors of the Company or any Company its Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Qualified Purchasers and keep the Investor Qualified Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Southern States Bancshares, Inc.)

Shareholder Litigation. The Company shall promptly inform the Investor Purchasers of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreementshereby. The Company shall consult with the Investor Purchasers and keep the Investor Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Castle Creek Capital Partners V, LP)

Shareholder Litigation. The Company shall promptly inform the Investor Purchaser of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor Purchaser and keep the Investor Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (HCSB Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary the Bank or any of the past or present executive officers or directors of the Company or any Company Subsidiary the Bank that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (United Community Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder stockholder of the Company in connection with or relating to the Order Order, the Public Offering or the transactions contemplated hereby or by the Other Securities Purchase AgreementsAgreement. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreements. The Company shall consult with the Investor and keep the Investor Investors informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Investor of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened or initiated by or on behalf of any shareholder stockholder of the Company in connection with or relating to the Order Order, the Public Offering or the transactions contemplated hereby or by the Other Securities Purchase AgreementsTransaction Documents. The Company shall consult with the Investor and keep the Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Investor Investors of any material claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Company Subsidiary or any of the past or present executive officers or directors of the Company or any Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Other Securities Purchase Agreementshereby. The Company shall consult with the Investor Investors and keep the Investor Investors reasonably informed of all material filings and developments relating to any such Shareholder Litigation, except to the extent that any such disclosures would violate or breach the Company’s attorney-client privilege.

Appears in 1 contract

Sources: Investment Agreement (Third Coast Bancshares, Inc.)