Common use of Organization, Standing and Authority of the Company Subsidiaries Clause in Contracts

Organization, Standing and Authority of the Company Subsidiaries. Each of the Company Subsidiaries is a corporation or partnership duly organized, validly existing and in good standing under the laws of the United States or the jurisdiction in which it is organized. Each of the Company Subsidiaries (i) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Company. The deposit accounts of the Bank are insured by the SAIF to the maximum extent permitted by the FDIA. The Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to the Acquiror true and complete copies of the Articles of Incorporation, Charter, Bylaws and other governing documents of each Company Subsidiary as in effect as of the date hereof.

Organization, Standing and Authority of the Company Subsidiaries. Each of the Company Subsidiaries is a corporation or partnership duly organized, validly existing and in good standing under the laws of the United States or the jurisdiction in which it is organized. Each of the Company Subsidiaries (i) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Company. The deposit accounts of the Bank are insured by the SAIF DIF to the maximum extent permitted by the FDIA. The FDIA and the Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to the Acquiror Home Bancorp true and complete copies of the Articles of Incorporation, Charter, Incorporation and Bylaws and other governing documents of each Company Subsidiary the Bank as in effect as of the date hereof.

Organization, Standing and Authority of the Company Subsidiaries. Each of the Company Subsidiaries is a corporation or partnership duly organized, validly existing and in good standing under the laws of the United States or the jurisdiction in which it is organized. Each of the Company Subsidiaries (i) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Company. The deposit accounts of the Bank are insured by the SAIF BIF to the maximum extent permitted by the FDIA. The FDIA and the Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to the Acquiror Keystone true and complete copies of the Articles of Incorporation, Charter, Association and Bylaws and other governing documents of each Company Subsidiary the Bank as in effect as of the date hereof.

Organization, Standing and Authority of the Company Subsidiaries. Each of the Company Subsidiaries is a corporation or partnership duly organized, validly existing and in good standing under the laws of the United States or the jurisdiction in which it is organized. Each of the Company Subsidiaries (i) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Company. The deposit accounts of the Bank are insured by the SAIF to the maximum extent permitted by the FDIA. The FDIA and the Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to the Acquiror Citizens true and complete copies of the Articles Charter and Bylaws of Incorporation, Charter, Bylaws and other governing documents of each Company Subsidiary the Bank as in effect as of the date hereof.

Organization, Standing and Authority of the Company Subsidiaries. Each of the Company Subsidiaries is a corporation or partnership duly organized, validly existing and in good standing under the laws of the United States or the jurisdiction in which it is organized. Each of the Company Subsidiaries (i) has full power and authority to own or lease all of its properties and assets and to carry on its business as now conducted, and (ii) is duly licensed or qualified to do business and is in good standing in each jurisdiction in which its ownership or leasing of property or the conduct of its business requires such qualification, except where the failure to be so licensed, qualified or in good standing would not have a Material Adverse Effect on the Company. The deposit accounts of the Bank are insured by the SAIF to the maximum extent permitted by the FDIA. The Bank has paid all deposit insurance premiums and assessments required by the FDIA and the regulations thereunder. The Company has heretofore delivered or made available to the Acquiror true and complete copies of the Articles Charter and Bylaws of Incorporation, Charter, Bylaws and other governing documents of each Company Subsidiary the Bank as in effect as of the date hereof.