Common use of Monarch Clause in Contracts

Monarch. Monarch is a corporation duly incor- porated, validly existing and in good standing under the laws of the State of California, with its principal executive offices located in Laguna Niguel, California. As of the date hereof, Monarch has (i) 100 million authorized shares of common stock, no par value ("Monarch Common Stock"), of which no more than 36,818,216 shares were outstanding as of the date hereof (including 2,443,395 shares to be issued upon the completion of the exercise of certain options and warrants), (ii) 5 million authorized shares of preferred stock, none of which were outstanding, and (iii) no other class of capital stock authorized. Monarch is a bank holding company duly registered with the Board of Governors of the Federal Reserve System (the "Federal Reserve Board") under the Bank Holding Company Act of 1956, as amended (the "BHC Act").

Monarch. Monarch is a corporation duly incor- poratedincorporated, validly existing and in good standing under the laws of the State of California, with its principal executive offices located in Laguna Niguel, California. As of the date hereof, Monarch has (i) 100 million authorized shares of common stock, no par value ("Monarch Common Stock"), of which no more than 36,818,216 shares were outstanding as of the date hereof (including 2,443,395 shares to be issued upon the completion of the exercise of certain options and warrants), (ii) 5 million authorized shares of preferred stock, none of which were outstanding, and (iii) no other class of capital stock authorized. Monarch is a bank holding company duly registered with the Board of Governors of the Federal Reserve System (the "Federal Reserve Board") under the Bank Holding Company Act of 1956, as amended (the "BHC Act").. C.