Common use of No Defaults or Restrictions Clause in Contracts

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A) the Articles of Incorporation or Bylaws of the Company; (B) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D) any statute, rule or regulation applicable to the Company, except, in the case of items (B), (C) or (D), for such violations and conflicts that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for defaults that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (CB Financial Services, Inc.)

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No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bankits Subsidiaries; or (D4) any statute, rule or regulation applicable to the CompanyCompany or its Subsidiaries, except, in the case of items (B2), (C3) or (D4), for such violations and conflicts that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the CompanyCompany or any of its Subsidiaries. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles Certificate of Incorporation Formation or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, note, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or the Bank, as applicable, is now a party or by which it or any of its properties may be bound or affectedbound; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the Company, except, in the case of items (B2), (C3) or (D4), for such violations violations, conflicts, breaches and conflicts defaults that would not, either singularly or in the aggregate, reasonably be expected to result in in, a Material Adverse Effect on the Company and its Subsidiaries Subsidiaries, taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any material property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affectedbound, except, in each case, for only such defaults that would notnot reasonably be expected to have, either singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (River Financial Corp)

No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Transaction Documents Subordinated Notes nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (ia) violate, conflict with or result in a breach of, or constitute a default under: (Ai) the Restated Articles of Incorporation Organization, or the Amended and Restated Bylaws of the CompanyIssuer or any Subsidiary of Issuer; (Bii) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company Issuer or Bank, as applicable, any Subsidiary of Issuer is now a party or by which it any of them or any of its their properties may be bound or affected; (Ciii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the BankAgency; or (Div) any statute, rule or regulation applicable to the CompanyIssuer, except, in the case of items (Bii), (Ciii) or (Div), for such violations and conflicts that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a wholeIssuer, or (iib) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the CompanyIssuer or any Subsidiary of Issuer. Neither the Company nor the Bank None of Issuer or any Subsidiary of Issuer is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company Issuer or the Bank, as applicable, any Subsidiary of Issuer is a party or by which the Company or the Bank, as applicable, Issuer or any of its such Subsidiary or their respective properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the CompanyIssuer.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Western New England Bancorp, Inc.)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation or Bylaws of the CompanyRegulations; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or the Bank, as applicable, is now a party or by which it or any of its properties may be bound or affectedis now bound; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the CompanyCompany or the Bank, except, (A) in the case of items (B2), (C3) or and (D4), for such violations violations, conflicts, breaches, and conflicts defaults that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a wholeCompany, or (B) in the case of item (2), have otherwise been consented to or waived; or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affectedis now bound, except, in each case, for only such defaults that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Farmers National Banc Corp /Oh/)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A) the Articles of Incorporation Charter or Bylaws of the Company; (B) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D) any statute, rule or regulation applicable to the Company, except, in the case of items (B), (C) or (D), for such violations and conflicts that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Pinnacle Bankshares Corp)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A) the Articles Certificate of Incorporation or Bylaws of the Company; (B) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D) any statute, rule or regulation applicable to the Company, except, in the case of items (B), (C) or (D), for such violations and conflicts that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Salisbury Bancorp Inc)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor the compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation Charter or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any material contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the Company, except, in the case of items (B2), (C3) or (D4), for such violations and conflicts conflicts, breaches and defaults that would not, singularly or in the aggregate, reasonably be expected to result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for defaults that would not, singularly or in the aggregate, reasonably be expected to result in a Material Adverse Effect on the Company.Effect. 4.2.6

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Professional Holding Corp.)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, note, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company Company, the Bank or BankTrust, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company Company, the Bank or the BankTrust; or (D4) any statute, rule or regulation applicable to the Company, except, in the case of items (B2), (C3) or (D4), for such violations and conflicts that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither None of the Company nor Company, the Bank nor Trust is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company Company, the Bank or the BankTrust, as applicable, is a party or by which the Company Company, the Bank or the BankTrust, as applicable, or any of its properties may be bound or affected, except, in each case, for defaults that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Old Point Financial Corp)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A) the Articles of Incorporation Charter or Bylaws of the Company; (B) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any material contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bankits Subsidiary, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D) any statute, rule or regulation applicable to the Company, except, in the case of items (B), (C) or (D), for such violations violations, conflicts, breaches and conflicts default that would notnot reasonably be expected to have, singularly individually or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a wholeEffect, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any material property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its their respective properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly individually or in the aggregate, result in a Material Adverse Effect on Effect. The Bank is not a party to, or otherwise subject to, any legal restriction or any agreement (other than customary limitations imposed by corporate law statutes, banking law statutes, rules and policies, or other regulatory statutes) restricting the ability of the Bank to pay dividends or make any other distributions to the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Union Bankshares Inc)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation or Bylaws of the CompanyBylaws; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bankany Subsidiary, as applicable, is now a party or by which it or any of its properties may be bound or affectedis now bound; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bankany Subsidiary; or (D4) any statute, rule or regulation applicable to the CompanyCompany or any Subsidiary, except, (A) in the case of items (B2), (C3) or and (D4), for such violations violations, conflicts, breaches, and conflicts defaults that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a wholeCompany, or (B) in the case of item (2), have otherwise been consented to or waived; or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank any Subsidiary is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bankany Subsidiary, as applicable, is a party or by which the Company or the Bankany Subsidiary, as applicable, or any of its properties may be bound or affectedis now bound, except, in each case, for only such defaults that would not, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Mercantile Bank Corp)

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No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles Certificate of Incorporation or Bylaws of the CompanyBylaws; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or the Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the Company, except, in the case of items (B2), (C3) or (D4), for such violations violations, conflicts breaches and conflicts default that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Guaranty Federal Bancshares Inc)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Second Amended and Restated Articles of Incorporation or Bylaws of the Company, each as currently in effect; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the CompanyCompany or Bank, except, except in the case of items (B2), (C3) or (D4), for such violations and conflicts violations, conflicts, breaches or defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries Subsidiaries, taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Amerant Bancorp Inc.)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation Charter or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the CompanyCompany or the Bank, except, (x) in the case of item (2) for such violations and conflicts consented to or approved by the counterparty to the Company or the Bank under any contract, agreement or instrument, and (y) in the case of items (B2), (C3) or (D4), for such violations and conflicts that would not, singularly or in the aggregate, not result in a Material Adverse Effect on the Company and its Subsidiaries taken as a wholeEffect, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank or any of their Subsidiaries is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company Company, the Bank or the Bankany of their Subsidiaries, as applicable, is a party or by which the Company or Company, the Bank, or any of their Subsidiaries as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would not, singularly or in the aggregate, not result in a Material Adverse Effect on the CompanyEffect.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Bancplus Corp)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation Charter or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, note, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the Company, except, in the case of items (B2), (C3) or (D4), for such violations and conflicts violations, conflicts, breaches or defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture indenture, note or other agreement or instrument creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the CompanyCompany and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Community Financial Corp /Md/)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Second Amended and Restated Articles of Incorporation or Bylaws Amended and Restated Code of Regulations of the Company, each as currently in effect; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or the Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the CompanyCompany or the Bank, exceptexcept (x) in the case of item (2) for such violations and conflicts consented to or approved by the counterparty to the Company or the Bank under any contract, agreement or instrument and (y) in the case of items (B2), (C3) or (D4), for such violations and conflicts that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries Subsidiaries, taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Civista Bancshares, Inc.)

No Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents by the Company nor the compliance by the Company with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate, conflict with or result in a breach of, or constitute a default under: (A1) the Articles of Incorporation Charter or Bylaws of the Company; (B2) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any material contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (C3) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the Bank; or (D4) any statute, rule or regulation applicable to the Company, except, in the case of items (B2), (C3) or (D4), for such violations and conflicts conflicts, breaches and defaults that would not, singularly or in the aggregate, reasonably be expected to result in a Material Adverse Effect on the Company and its Subsidiaries taken as a whole, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company. Neither the Company nor the Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, for defaults that would not, singularly or in the aggregate, reasonably be expected to result in a Material Adverse Effect on the CompanyEffect.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Guaranty Bancshares Inc /Tx/)

No Defaults or Restrictions. Neither the execution and delivery of this Agreement or the Transaction Documents Subordinated Note nor compliance with their respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (ia) violate, conflict with or result in a breach of, or constitute a default under: (Ai) the Articles of Incorporation or the Bylaws of the Company or any Subsidiary of the Company, in each case, as amended; (Bii) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the Company or Bank, as applicable, any Subsidiary of the Company is now a party or by which it any of them or any of its their properties may be bound or affected; (Ciii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable to the Company or the BankAgency; or (Div) any statute, rule or regulation applicable to the Company, except, in the case of items (Bii), (Ciii) or (Div), for such violations and conflicts that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company and its Subsidiaries taken as a wholeCompany, or (iib) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company or any Subsidiary of the Company. Neither the Company nor any Subsidiary of the Bank Company is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or any other agreement or instrument to which the Company or any Subsidiary of the Bank, as applicable, Company is a party or by which the Company or any such Subsidiary of the Bank, as applicable, Company or any of its their respective properties may be bound or affected, except, in each case, for only such defaults that would notnot reasonably be expected to have, singularly or in the aggregate, result in a Material Adverse Effect on the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (HV Bancorp, Inc.)

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