Common use of Administrators Clause in Contracts

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx X. XxXxxxxx, Xxxxx X. Xxxxxx and Xxxx X. Xxxxxxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 2 contracts

Samples: First Banks, Inc, First Banks, Inc

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Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx Robert E. Lee, David J. Xxxxxxx xxx Cxxxxxx X. XxXxxxxxXxxxx, III. Xxxxx X. Xxxxxx and Xxxx X. Xxxxxxxxx. There shall xxxxx at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Community Capital Bancshares Inc

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators Administrator shall be Xxxx Xxxxxxxx X. XxXxxxxx, Xxxxx X. Xxxxxx and Xxxx X. XxxxxxxxxRecondo. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Eurobancshares Inc

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx X. XxXxxxxxAllen H. Blake, Xxxxx X. Xxxxxx Peter D. Wimmer and Xxxx X. XxxxxxxxxLisa K. Vansickle. There shall at all times xx xxx xxxxx be at least one Administratorxx xxxxx xxx Admxxxxxxxxxx. Except Xxxxpt where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: First Banks, Inc

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx Xxxxxx X. XxXxxxxxXxxxxx, Xxxxx X. Xxxxxx III and Xxxx X. XxxxxxxxxXxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Ecb Bancorp Inc

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx X. XxXxxxxxTerrance M. McCarthy, Xxxxx X. Xxxxxx Peter D. Wimmer and Xxxx Lisx X. Xxxxxxxxx. There shall at all times Xxxxx shaxx xx xxx xxxxx be at least one Administratorxxxxx xxx Xxxxxxxtrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: First Banks, Inc

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx Xxx X. XxXxxxxxXxxxxxx, Xxx X. Xxxxx and Xxxxxx X. Xxxxxx and Xxxx X. XxxxxxxxxXxXxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: State National Bancshares, Inc.

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx X. XxXxxxxx, Xxxxx X. Xxxxxx Xxxxxxx and Xxxx X. XxxxxxxxxXxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Vineyard National Bancorp

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx Xxxxxxx X. XxXxxxxxXxxxxx, Xxxxx X. Xxxxxx Xxxxxxx and Xxxx X. Xxxxxxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: First Community Bancorp /Ca/

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Administrators. Each Administrator shall be a U.S. -------------- Person, 21 -------------- years of age or older and authorized to bind the Sponsor. The initial Administrators shall be H.E. "Xxx" Xxxxxxx, Jr. Xxxxx Xxxxxxxx X. XxXxxxxx, and Xxxxx X. Xxxxxx and Xxxx X. XxxxxxxxxXxxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Prosperity Bancshares Inc

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx X. XxXxxxxx, Xxxxx Xxxxxx X. Xxxxxx and Xxxx Xxxxxx X. XxxxxxxxxXxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: United National Bancorp

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx Xxxx X. XxXxxxxxXxxxxxxx, Xxxxx Xxxxxx X. Xxxxxx Xxxxxxx and Xxxx X. XxxxxxxxxXxxxxxxxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Coast Bancorp/Ca

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx Xxxxxxx X. XxXxxxxxXxxxxx, Xxxxx X. Xxxxxx and Xxxx X. XxxxxxxxxXxxxxxx and Xxxxxx Xxxxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: First Community Bancorp /Ca/

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Xxxxxxxx X. XxXxxxxx, Xxxxx Xxxxxx X. Xxxxxx and Xxxx Xxxxxxx X. XxxxxxxxxXxxxxxx. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Samples: Capstead Mortgage Corp

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