Common use of Certificate of No Default Clause in Contracts

Certificate of No Default. All covenants, terms and conditions of this Agreement to be complied with and performed by the Company at or before the Closing Date shall have been complied with and performed in all material respects and the representations and warranties of the Company contained in Article V hereof shall have been true and correct in all material respects as of the Effective Time, with the same effect as though such representations and warranties had been made on and as of the Effective Time, except as otherwise specified in, or permitted or contemplated by, this Agreement. The Company shall have delivered to the Bank, a certificate dated the Closing Date, signed by the President, certifying the fulfillment of this condition.

Appears in 2 contracts

Samples: Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group), Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

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Certificate of No Default. All covenants, terms and conditions of this Agreement to be complied with and performed by the Company Bank at or before the Closing Date shall have been complied with and performed in all material respects and the representations and warranties of the Company Bank contained in Article V IV hereof shall have been true and correct in all material respects as of the Effective Time, with the same effect as though such representations and warranties had been made on and as of the Effective Time, except as otherwise specified in, or permitted or contemplated by, this Agreement. The Company Bank shall have delivered to the BankCompany a certificate, a certificate dated the Closing Date, signed by the PresidentPresident and Chief Financial Officer of the Bank, certifying the fulfillment of this condition.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Monarch Bancorp), Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

Certificate of No Default. All covenants, terms and conditions of this Agreement to be complied with and performed by the Company at or before the Closing Date shall have been complied with and performed in all material respects and the representations and warranties of the Company contained in Article V hereof shall have been true and correct in all material respects as of the Effective Time, with the same effect as though such representations and warranties had been made on and as of the Effective Time, except as otherwise specified in, or permitted or contemplated by, this Agreement. The Company shall have delivered to the Bank, a certificate certificates dated the Closing Date, signed by the Presidentits President and Chief Financial Officer, certifying the fulfillment of this condition.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Monarch Bancorp)

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Certificate of No Default. All covenants, terms and conditions of this Agreement to be complied with and performed by the Company Bank at or before the Closing Date shall have been complied with and performed in all material respects and the representations and warranties of the Company Bank contained in Article V IV hereof shall have been true and correct in all material respects as of the Effective Time, with the same effect as though such representations and warranties had been made on and as of the Effective Time, except as otherwise specified in, or permitted or contemplated by, this Agreement. The Company Bank shall have delivered to the BankCompany a certificate, a certificate dated the Closing Date, signed by the PresidentPresident of the Bank, certifying the fulfillment of this condition.

Appears in 1 contract

Samples: Restatement of Agreement and Plan of Reorganization (Pacific Community Banking Group)

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