Necessary Capital. Based on the financial condition of Company as reflected in the 1996 Financial Statements, Acquiror has the necessary capital required by the regulations of the Federal Reserve Board and FDIC to consummate the transactions contemplated by this Agreement.
Necessary Capital. Based on the financial condition of O.A.K. as reflected in O.A.K.'s Financial Statements, Chemical has the necessary capital required by the regulations of the Federal Reserve Board to consummate the transactions contemplated by this Plan of Merger and remain categorized as "well-capitalized" under applicable regulations.
Necessary Capital. Based on the financial condition of CBC as reflected in the CBC Financial Statements, CBC and CTB have the necessary capital required by the regulations of the Federal Reserve Board and FDIC to consummate the transactions contemplated by this Agreement. At the Effective Time, CTB will have sufficient cash funds to pay the aggregate Merger Consideration and will use such funds for the payment of the Merger Consideration subject to the completion of the Merger in accordance with the terms of this Agreement. CBC and its Subsidiaries are, and will be immediately following completion of the Merger, in material compliance with all capital, debt, and financial and nonfinancial provisions applicable to each of them under the BHC Act, the FICG and any other applicable Law or any Contract to which they are a party.
Necessary Capital. Based on the financial condition of Acquirer as reflected in Acquirer’s Financial Statements, Acquirer has the necessary capital required by the regulations of the Federal Reserve Board and the Federal Deposit Insurance Corporation to consummate the transactions contemplated by this Plan of Merger and remain “well-capitalized” according to applicable banking laws and regulations. If external financing is required by Acquirer to consummate the transactions contemplated in this Plan of Merger, Acquirer has or will provide to ICNB sufficient adequate evidence of a binding commitment between Acquirer and its financing source.
Necessary Capital. FCB shall have received or raised the capital necessary to consummate the consolidation in accordance with Section 5.8(f) hereof on or before January 15, 1999.
Necessary Capital. Based on the financial condition of Company as reflected in the Company Financial Statements, Acquiror has the necessary capital required by the regulations of the Federal Reserve Board and FDIC to consummate the transactions contemplated by this Agreement. At the Effective Time, Acquiror will have sufficient cash funds to pay the aggregate Merger Consideration and will use such funds for the payment of the Merger Consideration subject to the completion of the Merger in accordance with the terms of this Agreement. Acquiror and its Subsidiaries are, and will be immediately following completion of the Merger, in material compliance with all capital, debt, and financial and nonfinancial provisions applicable to it, under the Federal Bank Holding Company Act and the Banking Code.
Necessary Capital. At the Effective Time, Buyer will have sufficient cash funds to pay the aggregate Share Exchange Consideration and will use such funds for the payment of the Share Exchange Consideration subject to the completion of the Share Exchange in accordance with the terms of this Agreement. Buyer and its Subsidiaries are, and will be immediately following the Share Exchange, in material compliance with all capital, debt, and financial and nonfinancial provisions applicable to each of them under the Bank Holding Company Act of 1956, the OCC, and any other applicable Law or Contract to which they are a party.
Necessary Capital. 18 5.4 SEC FILINGS; FINANCIAL STATEMENTS.................................................................... 19 5.5
Necessary Capital. At the Effective Time, Buyer will have sufficient cash funds to pay the aggregate Merger Consideration and will use such funds for the payment of the Share Exchange Consideration subject to the completion of the Share Exchange in accordance with the terms of this Agreement. Buyer and its Subsidiaries are, and will be immediately following the Share Exchange, in material compliance with all capital, debt, and financial and nonfinancial provisions applicable to each of them under the Bank Holding Company Act of 1956, the regulations promulgated by the FDIC and the Georgia Department of Banking and Finance and any other applicable Law or Contract to which they are a party.
Necessary Capital. At the Effective Time, SouthCrest will have sufficient liquidity to pay the aggregate Share Exchange Consideration and will use such liquidity for the payment of the Share Exchange Consideration subject to the completion of the Share Exchange in accordance with the terms of this agreement. SouthCrest and its subsidiaries are, and will be immediately following the Share Exchange, in material compliance with all capital, debt, and financial and nonfinancial provisions applicable to each of them under the Bank Holding Company Act of 1956, and any other applicable Law or Contract to which they are a party.
