ALTA. (i) PNB and its Subsidiaries, in the aggregate, beneficially own, directly or indirectly, not more than 4.9% of any class of outstanding voting equity securities of Alta and do not have non-voting equity interests in, loans to or other arrangements with Alta which would cause the ownership in Alta to be ineligible for the exemption set forth in Section 4(c)(6) of the BHC Act. (ii) There are no contracts, commitments, understandings or arrangements by which PNB or any Subsidiary is or may be bound to purchase, sell or otherwise transfer any equity securities of Alta.
Appears in 3 contracts
Sources: Merger Agreement (Western Bancorp), Merger Agreement (PNB Financial Group), Merger Agreement (Western Bancorp)