Limit on Proceeds. Home agrees, as long as CU shall not have defaulted in its obligations to repurchase Warrants pursuant to Section 2.1, to pay over to CU any amount by which the profits received by Home and its Affiliates upon the sale or transfer of Warrants (net of all selling expenses, underwriting discounts, and commissions and other expenses incurred by Home in connection with such exercise and sale) shall exceed $5,000,000.
Appears in 2 contracts
Samples: Agreement of Merger (Home Interstate Bancorp), Warrant Purchase Agreement (Cu Bancorp)
Limit on Proceeds. Home CU agrees, as long as CU Home shall not have defaulted in its obligations to repurchase Warrants pursuant to Section 2.1, to pay over to CU Home any amount by which the profits received by Home CU and its Affiliates upon the sale or transfer of Warrants (net of all selling expenses, underwriting discounts, and commissions and other expenses incurred by Home CU in connection with such exercise and sale) shall exceed $5,000,000.
Appears in 2 contracts
Samples: Warrant Purchase Agreement (Cu Bancorp), Agreement of Merger (Home Interstate Bancorp)
