Common use of LIENS; ENCUMBRANCES Clause in Contracts

LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or (with the exception of those liens and encumbrances Previously Disclosed to FNB 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 or other similar operating matters).

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Integrity Financial Corp), Agreement and Plan of Merger (FNB Corp/Nc), Agreement and Plan of Merger (FNB Corp/Nc)

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LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets ------------------- to, or permit any of its assets to become or (with the exception of those liens and encumbrances Previously Disclosed to FNB 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 or other similar operating matters).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (FNB Corp/Nc), Agreement and Plan of Merger (Carolina Fincorp Inc)

LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or (with the exception of those liens and encumbrances Previously Disclosed to FNB Bankshares 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 or other similar operating matters).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (Waccamaw Bankshares Inc)

LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or (with the exception of those liens and encumbrances Previously Disclosed to FNB Bancorp 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 or other similar operating matters).

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Century Bancorp Inc)

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LIENS; ENCUMBRANCES. Mortgage, pledge or subject any of its assets to, or permit any of its assets to become or (with the exception of those liens and encumbrances Previously Disclosed to FNB 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 or other similar operating matters).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization and Merger (FNB Corp/Nc)

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