Offering by the Underwriter. The Offerors are advised by the Underwriter that the Underwriter proposes to make a public offering of the Preferred Securities, on the terms and conditions set forth in the Registration Statement from time to time as and when the Underwriter deems advisable after the Registration Statement becomes effective. Because the NASD is expected to view the Preferred Securities as interests in a direct participation program, the offering of the Preferred Securities is being made in compliance with the applicable provisions of Rule 2810 of the NASD's Conduct Rules.
Appears in 5 contracts
Samples: Underwriting Agreement (Crescent Capital Trust I), Underwriting Agreement (Metropolitan Capital Trust I), Underwriting Agreement (Southern Community Financial Corp)
Offering by the Underwriter. The Offerors Trust and the Company --------------------------- are advised by the Underwriter that the Underwriter proposes to make a public offering of the Preferred Securities, on the terms and conditions set forth in the Registration Statement from time to time as and when the Underwriter deems advisable after the Registration Statement becomes effective. Because the NASD is expected to view the Preferred Securities as interests in a direct participation program, the offering of the Preferred Securities is being made in compliance with the applicable provisions of Rule 2810 of the NASD's Conduct Rules.
Appears in 3 contracts
Samples: Underwriting Agreement (Pennfed Capital Trust I), Underwriting Agreement (BNB Capital Trust), Underwriting Agreement (Fidelity Capital Trust I)
Offering by the Underwriter. The Offerors Trust and the Company are advised by the Underwriter that the Underwriter proposes to make a public offering of the Preferred Securities, on the terms and conditions set forth in the Registration Statement from time to time as and when the Underwriter deems advisable after the Registration Statement becomes effective. Because the NASD is expected to view the Preferred Securities as interests in a direct participation program, the offering of the Preferred Securities is being made in compliance with the applicable provisions of Rule 2810 of the NASD's Conduct Rules.
Appears in 3 contracts
Samples: Underwriting Agreement (Northeast Bancorp /Me/), Underwriting Agreement (American Bancshares Inc \Fl\), Underwriting Agreement (Pittsburgh Home Capital Trust I)
Offering by the Underwriter. The Offerors are advised by the Underwriter that the Underwriter proposes to make a public offering of the Preferred Securities, on the terms and conditions set forth in the Registration Statement from time to time as and when the Underwriter deems advisable after the Registration Statement becomes effective. Because the NASD is expected to view the Preferred Securities as interests in a direct participation program, the offering of the Preferred Securities is being made in compliance with the applicable provisions of Rule 2810 of the NASD's Conduct Rules.
Appears in 1 contract
Samples: Underwriting Agreement (Metropolitan Capital Trust Ii)
Offering by the Underwriter. The Offerors Trust and the Company are advised by the Underwriter that the Underwriter proposes to make a public offering of the Preferred Securities, on the terms and conditions set forth in the Registration Statement from time to time as and when the Underwriter deems deem advisable after the Registration Statement becomes effective. Because the NASD is expected to view the Preferred Securities as interests in a direct participation program, the offering of the Preferred Securities is being made in compliance with the applicable provisions of Rule 2810 of the NASD's Conduct Rules.
Appears in 1 contract
