Investment Securities and Commodities. (a) Each of Home and its Subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements), free and clear of any Lien, except to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of Home or its Subsidiaries. Such securities and commodities are valued on the books of Home in accordance with GAAP in all material respects.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Cascade Bancorp), Agreement and Plan of Merger (Home Federal Bancorp, Inc.), Agreement and Plan of Merger (Cascade Bancorp)
Investment Securities and Commodities. (a) Each of Home HomeTrust and its Subsidiaries has good title to all securities and commodities owned by it (except those sold under repurchase agreements), free and clear of any Lien, except to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of Home HomeTrust or its Subsidiaries. Such securities and commodities are valued on the books of Home HomeTrust in accordance with GAAP in all material respectsGAAP.
Appears in 3 contracts
Samples: Employment Agreement (Jefferson Bancshares Inc), Employment Agreement (HomeTrust Bancshares, Inc.), Agreement and Plan of Merger (HomeTrust Bancshares, Inc.)
