Common use of Leased Property Clause in Contracts

Leased Property. For Property leased by Borrower or any Subsidiary and necessary in the ordinary course of the business of Borrower and its Subsidiaries, Borrower and each such Subsidiary enjoy peaceful and undisturbed possession under all of such Leases under which they are operating, all of which permit the customary operations of Borrower and any Subsidiary, as applicable. None of such Leases is in material default that could have a Material Adverse Effect.

Appears in 7 contracts

Sources: Loan Agreement, Loan Agreement (German American Bancorp, Inc.), Loan Agreement (Mainsource Financial Group)

Leased Property. For Property assets or property leased by Borrower or any Subsidiary and necessary in the ordinary course of the business of Borrower and its SubsidiariesSubsidiary, Borrower and each such Subsidiary enjoy peaceful and undisturbed possession under all of such the Leases under which they are operating, all of which permit the customary operations of Borrower and any Subsidiary, as applicable. None of such Leases leases is in material default that could have and no event has occurred which with the passage of time or the giving of notice, or both, would constitute a Material Adverse Effectmaterial default under any thereof.

Appears in 3 contracts

Sources: Loan Agreement (National Penn Bancshares Inc), Subordinated Note Purchase Agreement (Sterling Bancshares Inc), Subordinated Note Purchase Agreement (East West Bancorp Inc)

Leased Property. For Property assets or property leased by Borrower or any Subsidiary and necessary in the ordinary course of the business of Borrower and its SubsidiariesMaterial Subsidiary, Borrower and each such Material Subsidiary enjoy peaceful and undisturbed possession under all of such Leases under which they are operating, all of which permit the customary operations of Borrower and any Material Subsidiary, as applicable. None of such Leases leases is in material default and no event has occurred which with the passage of time or the giving of notice, or both, would constitute a default under any thereof, in each case that could reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Loan Agreement (First Midwest Bancorp Inc), Loan Agreement (First Midwest Bancorp Inc)

Leased Property. For Property assets or property leased by Borrower Borrower, Parent or any Subsidiary and necessary in the ordinary course of the business of Borrower and its SubsidiariesSubsidiary, Borrower and each such Subsidiary enjoy peaceful and undisturbed possession under all of such the Leases under which they are operating, all of which permit the customary operations of Borrower Borrower, Parent and any Subsidiary, as applicable. None of such Leases is in material default that could have and no event has occurred which with the passage of time or the giving of notice, or both, would constitute a Material Adverse Effectmaterial default by Borrower, Parent or any Subsidiary under any thereof.

Appears in 2 contracts

Sources: Subordinated Note Purchase Agreement (People's United Financial, Inc.), Subordinated Note Purchase Agreement (LSB Corp)

Leased Property. For Property assets or property leased by Borrower or any Subsidiary and necessary in the ordinary course of the business of Borrower and its SubsidiariesSubsidiary, Borrower and each such Subsidiary enjoy peaceful and undisturbed possession under all of such the Leases under which they are operating, all of which permit the customary operations of Borrower and any Subsidiary, as applicable. None of such Leases Neither Borrower nor any Subsidiary is in material default, and no event has occurred which with the passage of time or the giving of notice, or both, would constitute a material default that could have a Material Adverse Effectby Borrower or any Subsidiary, under any of such Leases.

Appears in 1 contract

Sources: Subordinated Debenture (Ucbh Holdings Inc)

Leased Property. For Property assets or properties leased by Borrower or any Subsidiary and necessary in the ordinary course of the business of Borrower and its SubsidiariesSubsidiary, Borrower and each such Subsidiary enjoy peaceful and undisturbed possession under all of such the Leases under which they are operating, all of which permit the customary operations of Borrower and any Subsidiary, as applicable. None of such Leases is in material default that could have a Material Adverse Effect.

Appears in 1 contract

Sources: Subordinated Debenture Purchase Agreement (Independent Bank Corp)