Common use of Common Control Clause in Contracts

Common Control. The Company is not and, after giving effect to the offering and sale of the Common Shares, will not be under the control (as defined in the BHC Act and the Federal Reserve’s Regulation Y (12 CFR Part 225) (“BHC Act Control”) of any company (as defined in the BHC Act and the Federal Reserve’s Regulation Y). The Company is not in BHC Act Control of any federally insured depository institution other than the Banks. Neither Bank is under the BHC Act Control of any company (as defined in the BHC Act and the Federal Reserve’s Regulation Y) other than Company. Neither the Company nor any Bank controls, in the aggregate, more than five percent of the outstanding voting class, directly or indirectly, of any federally insured depository institution, other than the Company’s ownership interest in the Banks.

Appears in 2 contracts

Samples: Securities Purchase Agreement (First NBC Bank Holding Co), Securities Purchase Agreement (First NBC Bank Holding Co)

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Common Control. The Company is not and, after giving effect to the offering and sale of the Common Purchased Shares, will not be under the control (as defined in the BHC Act BHCA and the Federal ReserveReserve Board’s Regulation Y (12 CFR Part 225) (“BHC Act BHCA Control”) of any company (as defined in the BHC Act BHCA and the Federal ReserveReserve Board’s Regulation Y). The Company is not in BHC Act BHCA Control of any federally insured depository institution other than the BanksBank. Neither The Bank is not under the BHC Act BHCA Control of any company (as defined in the BHC Act BHCA and the Federal ReserveReserve Board’s Regulation Y) other than Company. Neither the Company nor any the Bank controls, in the aggregate, more than five percent of the outstanding voting class, directly or indirectly, of any federally insured depository institution, other than the Company’s ownership interest in the BanksBank.

Appears in 1 contract

Samples: Registration Rights Agreement (Community Financial Shares Inc)

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Common Control. The Company is not and, after giving effect to the offering and sale of the Common Shares, will not be under the control (as defined in the BHC Act and the Federal Reserve’s Regulation Y (12 CFR Part 225) (“BHC Act Control”) of any company (as defined in the BHC Act and the Federal Reserve’s Regulation Y). The Company is not in BHC Act Control of any federally insured depository institution other than the BanksBank. Neither Bank is under the BHC Act Control of any company (as defined in the BHC Act and the Federal Reserve’s Regulation Y) other than Company. Neither the Company nor any the Bank controls, in the aggregate, more than five percent of the outstanding voting class, directly or indirectly, of any federally insured depository institution, other than the Company’s ownership interest in the BanksBank.

Appears in 1 contract

Samples: Securities Purchase Agreement (First NBC Bank Holding Co)

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