Investment Securities and Commodities. (a) Each of Parent and its Subsidiaries has good title in all material respects to all securities and commodities owned by it (except those sold under repurchase agreements), free and clear of any Lien, except as set forth in the financial statements included in the Parent Reports or to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of Parent or its Subsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (State Bank Financial Corp), Agreement and Plan of Merger (FB Financial Corp), Agreement and Plan of Merger (Franklin Financial Network Inc.)
Investment Securities and Commodities. (a) Each of Parent and its Subsidiaries has good title in all material respects to all securities and commodities owned by it (except those sold under repurchase agreements)) which are material to Parent’s business on a consolidated basis, free and clear of any Lien, except as set forth in the financial statements included in the Parent Reports or to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of Parent or its Subsidiaries. Such securities and commodities are valued on the books of the Company Parent in accordance with GAAP in all material respects.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Firstsun Capital Bancorp)
Investment Securities and Commodities. (a) Each of Parent and its the Parent Subsidiaries has good title in all material respects to all securities and commodities owned by it (except those sold under repurchase agreements)) which are material to Parent’s business on a consolidated basis, free and clear of any Lien, except as set forth in the financial statements included in the Parent Reports or to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of Parent or its the Parent Subsidiaries. Such securities and commodities are valued on the books of the Company Parent in accordance with GAAP in all material respects.
Appears in 1 contract
Samples: Agreement and Plan of Merger (People's United Financial, Inc.)
