Common use of Investment Securities Clause in Contracts

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance Sheet, and none of the material investments made by the Seller or any of its subsidiaries since December 31, 2002, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms' length transactions pursuant to normal customary commercial terms and conditions and other pledges required by law, none of the investments reflected in the consolidated balance sheet of the Seller Balance Sheetfor the period ended September 30, 2001, and none of the material investments made by the Seller or any of its subsidiaries the Seller Bank since December 31September 30, 20022001, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements deposits and reverse repurchase agreements entered into in arms'-length arm's-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance Sheetconsolidated balance sheet of the Company included in the Company's Report on Form 10-Q for the quarter ended September 30, 1996, and none of the material investments made by the Seller it or any of its subsidiaries since December 31, 20021995, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms’-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance SheetXxxxxx Financial Statements, and none of the material investments made by the Seller Xxxxxx or any of its subsidiaries Subsidiaries since December 31, 20022009, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. (i) Except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms’-length transactions pursuant to normal commercial terms and conditions and other pledges required by lawLaw, none of the investments reflected in the Seller Balance SheetKinderhook Financial Statements, and none of the material investments made by the Seller Kinderhook or any of its subsidiaries Subsidiaries since December 31September 30, 20022018, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. (a) Except for pledges to secure public and trust deposits, Federal Reserve FHLB borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms’-length transactions pursuant to normal commercial terms and conditions and other pledges required by lawLaw, none of the investments reflected in the Seller Balance SheetCompany Unaudited Financial Statements, and none of the material investments made by the Seller Company or any of its subsidiaries Subsidiaries since December 31June 30, 20022021, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except as Previously Disclosed, except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms’-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance SheetOneida Financial Statements, and none of the material investments made by the Seller Oneida or any of its subsidiaries Subsidiaries since December 31, 20022013, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve and Federal Home Loan Bank borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arm’s-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance SheetBuyer Financial Statements, and none of the material investments made by the Seller Buyer or any of its subsidiaries Subsidiaries since December 31, 20022006, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve and Federal Home Loan Bank borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arm’s-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance Sheet, and none of the material investments made by the Seller or any of its subsidiaries Subsidiaries since December 31, 20022006, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. (i) Except for pledges to secure public and trust deposits, Federal Reserve borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms’-length transactions pursuant to normal commercial terms and conditions and other pledges required by lawLaw, none of the investments reflected in the Seller Balance SheetMerchants Financial Statements, and none of the material investments made by the Seller Merchants or any of its subsidiaries Subsidiaries since December 31June 30, 20022016, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and ---------------------- trust deposits, Federal Reserve and Federal Home Loan Bank borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance Sheet, and none of the material investments made by the Seller or any of its subsidiaries since December 31, 2002, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. Except for pledges to secure public and trust deposits, Federal Reserve and Federal Home Loan Bank borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arm’s-length transactions pursuant to normal commercial terms and conditions and other pledges required by law, none of the investments reflected in the Seller Balance Sheet, and none of the material investments made by the Seller or any of its subsidiaries Subsidiaries since December 31, 20022004, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.

Investment Securities. (a) Except for pledges to secure public and trust deposits, Federal Reserve FHLB borrowings, repurchase agreements and reverse repurchase agreements entered into in arms'-length arms’-length transactions pursuant to normal commercial terms and conditions and other pledges required by lawLaw, none of the investments reflected in the Seller Balance SheetCompany Unaudited Financial Statements, and none of the material investments made by the Seller Company or any of its subsidiaries Subsidiaries since December 31June 30, 20022019, is subject to any restriction (contractual, statutory or otherwise) that would materially impair the ability of the entity holding such investment freely to dispose of such investment at any time.