Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 13 contracts
Samples: Subordinated Note Purchase Agreement (BankFinancial CORP), Subordinated Note Purchase Agreement (CNB Financial Corp/Pa), Subordinated Note Purchase Agreement (CB Financial Services, Inc.)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed. Such redemptions shall be made on a pro rata pass-through distribution of principal among all of the Subordinated Notes outstanding at the time thereof.
Appears in 4 contracts
Samples: Subordinated Note Purchase Agreement (Pinnacle Bankshares Corp), Form of Subordinated Note Purchase Agreement (Spirit of Texas Bancshares, Inc.), Subordinated Note Purchase Agreement (Ameriserv Financial Inc /Pa/)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note note shall be issued representing the unredeemed portion without charge to the holder Holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the NoteholdersHolders of the Subordinated Notes. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder Holder shall be redeemed.
Appears in 3 contracts
Samples: Subordinated Note Purchase Agreement (Eagle Bancorp Montana, Inc.), Subordinated Note Purchase Agreement (Xenith Bankshares, Inc.), Subordinated Note Purchase Agreement (Tectonic Financial, Inc.)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof Noteholder thereof, and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 3 contracts
Samples: Agency and Registrar Agreement (MainStreet Bancshares, Inc.), Agency and Registrar Agreement (River Financial Corp), Paying Agency and Registrar Agreement (MainStreet Bancshares, Inc.)
Partial Redemption. If less than the then then-outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof Holder and (ii) such partial redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemedHolders.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (First Bancshares Inc /MS/), Subordinated Note Purchase Agreement (First Bancshares Inc /MS/)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the outstanding principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (Five Star Bancorp), Subordinated Note Purchase Agreement (Five Star Bancorp)
Partial Redemption. If less than the then then-outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (MVB Financial Corp), Subordinated Note Purchase Agreement (Farmers National Banc Corp /Oh/)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder Holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholdersholders of the Subordinated Notes. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder holder thereof shall be redeemed.
Appears in 2 contracts
Samples: Form of Subordinated Note Purchase Agreement (Village Bank & Trust Financial Corp.), Form of Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc)
Partial Redemption. If less than the then then-outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof Noteholder and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (Delmar Bancorp), Paying Agency and Registrar Agreement (FVCBankcorp, Inc.)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder Noteholder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (First Keystone Corp), Subordinated Note Purchase Agreement (ENB Financial Corp)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder Noteholder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed..
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/), Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Senior Note is redeemed, (i) a new Subordinated Senior Note shall be issued representing the unredeemed portion without charge to the holder thereof thereof, and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Senior Note held by every Noteholder shall be redeemed.
Appears in 1 contract
Samples: Senior Note Purchase Agreement (Patriot National Bancorp Inc)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon any redemption processed through DTC, shall be made on a partial redemption“Pro Rata Pass-Through Distribution of Principal” basis, a like percentage among all of the principal amount of every Subordinated Note held by every Noteholder shall be redeemedNotes outstanding at the time thereof.
Appears in 1 contract
Samples: Paying Agency and Registrar Agreement (Bay Banks of Virginia Inc)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (ia) a new Subordinated Note note shall be issued representing the unredeemed portion without charge to the holder Holder thereof and (iib) such redemption shall be effected on a pro rata basis as to the NoteholdersHolders of the Subordinated Notes. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder Holder shall be redeemed.
Appears in 1 contract
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion principal amount without charge to the holder Holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the NoteholdersHolders of the Subordinated Notes. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder Holder shall be redeemed.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (First Western Financial Inc)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder Holder thereof and (ii) such partial redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemedHolders.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Franklin Financial Network Inc.)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder Noteholder thereof and (ii) such redemption shall be effected on a pro rata basis as to the Noteholders. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder shall be redeemed.
Appears in 1 contract
Samples: Form of Subordinated Note Purchase Agreement (First Western Financial Inc)
Partial Redemption. If less than the then outstanding principal amount of this Subordinated Note is redeemed, (i) a new Subordinated Note shall be issued representing the unredeemed portion without charge to the holder Holder thereof and (ii) such redemption shall be effected on a pro rata basis as to the NoteholdersHolders of the Subordinated Notes. For purposes of clarity, upon a partial redemption, a like percentage of the principal amount of every Subordinated Note held by every Noteholder Holder shall be redeemed.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (First Savings Financial Group Inc)
