Common use of Administration of Fiduciary Accounts Clause in Contracts

Administration of Fiduciary Accounts. The Company and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Bancorpsouth Inc), Agreement and Plan of Merger (Deposit Guaranty Corp), Agreement and Plan of Merger (Merchants Capital Corp /MS/)

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Administration of Fiduciary Accounts. The Each of the Company and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither To the knowledge of the Company, neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Shareholder Agreement (Centennial Bank Holdings, Inc.), Agreement and Plan of Merger (Zions Bancorporation /Ut/)

Administration of Fiduciary Accounts. The Company Buyer and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company Buyer nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true true, complete and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (F&m Bancorp), Agreement and Plan of Merger (Patapsco Valley Bancshares Inc)

Administration of Fiduciary Accounts. The Company and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true true, complete and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (F&m Bancorp), Agreement and Plan of Merger (Patapsco Valley Bancshares Inc)

Administration of Fiduciary Accounts. The Company and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal per- xxxxx representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Monocacy Bancshares Inc)

Administration of Fiduciary Accounts. The Company Buyer and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company Buyer nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account. 5.21.

Appears in 1 contract

Samples: Agreement and Plan of Merger (F&m Bancorp)

Administration of Fiduciary Accounts. The Company and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account. 4.21.

Appears in 1 contract

Samples: Agreement and Plan of Merger (F&m Bancorp)

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Administration of Fiduciary Accounts. The Company Company, the Bank and their subsidiaries each of its Subsidiaries has properly administered in all material respects all accounts for which it acts as a fiduciary, including including, but not limited to to, accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company Company, the Bank nor any of its Subsidiaries nor any of their respective directorsofficers, officers directors or employees has committed any breach of trust with respect to any such fiduciary account, and the . The accountings for each such fiduciary account are true and correct in all material respects and accurately reflect reflects the assets of such fiduciary account.

Appears in 1 contract

Samples: Agreement and Plan of Merger (BNH Bancshares Inc)

Administration of Fiduciary Accounts. The Company and each of its Subsidiaries Bank has properly administered in all material respects all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company nor Banknor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary accountaccount which has had or could reasonably be expected to have a Material Adverse Effect on the Bank, and the accountings for each such fiduciary account are true and correct in all material respects and accurately reflect the assets of such fiduciary account.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SDN Bancorp)

Administration of Fiduciary Accounts. The Company Buyer and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company Buyer nor any of its Subsidiaries nor any of their respective directors, officers offi- cers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Monocacy Bancshares Inc)

Administration of Fiduciary Accounts. The Company and each of ------------------------------------ its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New York Bancorp Inc)

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