LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or, except for those liens or encumbrances Previously Disclosed to 1st Financial, remain subject to, any lien or any other encumbrance (other than in the ordinary course of business consistent with its past practices in connection with securing public funds deposits, repurchase agreements, or Federal Home Loan Bank borrowings).
Appears in 3 contracts
Samples: Agreement and Plan of Merger (AB&T Financial CORP), Agreement and Plan of Merger (1st Financial Services CORP), Agreement and Plan of Merger (1st Financial Services CORP)
LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or, except for those liens or encumbrances Previously Disclosed to 1st FinancialACB, remain subject to, any lien or any other encumbrance (other than in the ordinary course of business consistent with its past practices in connection with securing public funds deposits, repurchase agreements, or Federal Home Loan Bank borrowings).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (FNB Bancshares Inc /Sc/), Agreement and Plan of Merger (American Community Bancshares Inc)
LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or, except for or (with the exception of those liens or and encumbrances Previously Disclosed to 1st Financial, Crescent Financial with specificity) remain subject to, any lien or any other encumbrance (other than in the ordinary course of business consistent with its past practices in connection with borrowings from the Federal Home Loan Bank of Atlanta, securing of public funds deposits, repurchase agreements, agreements or Federal Home Loan Bank borrowingsother similar operating matters).
Appears in 1 contract
Samples: Agreement and Plan of Reorganization and Merger (Crescent Financial Corp)
