Common use of Bank or Thrift Holding Company Status Clause in Contracts

Bank or Thrift Holding Company Status. (a) The Company shall maintain its status as a Bank Holding Company (or, if permitted to become a Savings and Loan Holding Company in accordance with Subsection (b) below, such status) for as long as the Investor owns any debt or equity securities of the Company or an Affiliate of the Company acquired pursuant to this Agreement.

Appears in 11 contracts

Samples: Exchange Agreement, Exchange Agreement (Hampton Roads Bankshares Inc), Exchange Agreement (Hampton Roads Bankshares Inc)

AutoNDA by SimpleDocs

Bank or Thrift Holding Company Status. (a) The Company shall maintain its status as a Bank Savings and Loan Holding Company (or, if permitted to become a Savings and Loan Bank Holding Company in accordance with Subsection (b) below), such status) for as long as the Investor owns any debt or equity securities of the Company or an Affiliate of the Company acquired pursuant to this Agreement.

Appears in 1 contract

Samples: Exchange Agreement (Superior Bancorp)

AutoNDA by SimpleDocs

Bank or Thrift Holding Company Status. (a) The Company shall maintain its status as a Bank Holding Company (or, if permitted to become a Savings and Loan Holding Company in accordance with Subsection (b) below, such status) for as long as the Investor owns any debt or equity securities of the Company or an Affiliate of the Company acquired pursuant to this Agreement.

Appears in 1 contract

Samples: Exchange Agreement (Midwest Banc Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.