Investment Portfolio. Except for pledges to secure public and trust deposits or otherwise made in the ordinary course of business, Liens securing repurchase obligations incurred in the ordinary course of business consistent with past practice, and for FHLB stock, none of the investment securities reflected in the MBI Financial Statements and none of the investment securities since acquired by MBI or any of its Subsidiaries is subject to any restriction, whether contractual or statutory, which impairs the ability of MBI or any of its Subsidiaries to freely dispose of such investment at any time, other than those restrictions imposed on securities held to maturity under GAAP.
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Samples: Agreement and Plan of Merger (Professional Holding Corp.), Agreement and Plan of Merger (Professional Holding Corp.)
Investment Portfolio. Except for pledges to secure public and trust deposits or otherwise made in the ordinary course of business, Liens securing repurchase obligations incurred in the ordinary course of business consistent with past practice, and for FHLB stock, none of the investment securities reflected in the MBI PHC Financial Statements and none of the investment securities since acquired by MBI PHC or any of its Subsidiaries is subject to any restriction, whether contractual or statutory, which impairs the ability of MBI PHC or any of its Subsidiaries to freely dispose of such investment at any time, other than those restrictions imposed on securities held to maturity under GAAP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Professional Holding Corp.), Agreement and Plan of Merger (Professional Holding Corp.)
Investment Portfolio. Except for pledges to secure public and trust deposits or otherwise made in the ordinary course of business, Liens securing repurchase obligations incurred in the ordinary course of business consistent with past practicepractices, and for FHLB stock, none of the investment securities reflected in the MBI CBKS Financial Statements and none of the investment securities since acquired by MBI CBKS or any of its Subsidiaries is subject to any restriction, whether contractual or statutory, which impairs the ability of MBI CBKS or any of its Subsidiaries to freely dispose of such investment at any time, other than those restrictions imposed on securities held to maturity under GAAP.
Appears in 1 contract
Samples: Agreement and Plan of Merger (CenterState Banks, Inc.)
Investment Portfolio. Except for pledges to secure public and trust deposits or otherwise made in the ordinary course of business, Liens securing repurchase obligations incurred in the ordinary course of business consistent with past practicepractices, and for FHLB stock, none of the investment securities reflected in the MBI Prosperity Financial Statements and none of the investment securities since acquired by MBI Prosperity or any of its Subsidiaries is subject to any restriction, whether contractual or statutory, which impairs the ability of MBI Prosperity or any of its Subsidiaries to freely dispose of such investment at any time, other than those restrictions imposed on securities held to maturity under GAAP.
Appears in 1 contract
