Common use of Required Exercise Clause in Contracts

Required Exercise. Notwithstanding any other provision of this ----------------- Agreement, if the Bank's capital falls below the minimum requirements as determined by the primary federal or state regulator of the Corporation or the Bank (the "Regulator"), the Regulator may direct the Corporation to require the Warrant Holder to exercise or forfeit his or her Warrant. The Corporation will notify the Warrant Holder within 45 days from the date the Regulator notifies the Corporation in writing that the Warrant Holder must exercise or forfeit his or her Warrant. The Corporation will cancel this Warrant if it is not exercised within 21 days of the Corporation's notification to the Warrant Holder. The Corporation agrees to comply with any Regulator's request that the Corporation invoke its right to require the Warrant Holder to exercise or forfeit his or her Warrant under the circumstances stated above.

Required Exercise. Notwithstanding any other provision of this ----------------- ------------------ Agreement, if the Bank's capital falls below the minimum requirements as determined by the primary federal or state regulator of the Corporation or the Bank (the "Regulator"), the Regulator may direct the Corporation to require the Warrant Holder to exercise or forfeit his or her Warrant. The Corporation will notify the Warrant Holder within 45 days from the date the Regulator notifies the Corporation in writing that the Warrant Holder must exercise or forfeit his or her Warrant. The Corporation will cancel this the Warrant if it is not exercised within 21 days of the Corporation's notification to the Warrant Holder. The Corporation agrees to comply with any Regulator's request that the Corporation invoke its right to require the Warrant Holder to exercise or forfeit his or her Warrant under the circumstances stated above.

Required Exercise. Notwithstanding any other provision of this ----------------- ------------------ Agreement, if the Bank's capital falls below the minimum requirements as determined by the primary federal or state regulator of the Corporation or the Bank (the "Regulator"), the Regulator may direct the Corporation to require the Warrant Holder to exercise or forfeit his or her Warrant. The Corporation will notify the Warrant Holder within 45 days from the date the Regulator notifies the Corporation in writing that the Warrant Holder must exercise or forfeit his or her Warrant. The Corporation will cancel this Warrant if it is not exercised within 21 days of the Corporation's notification to the Warrant Holder. The Corporation agrees to comply with any Regulator's request that the Corporation invoke its right to require the Warrant Holder to exercise or forfeit his or her Warrant under the circumstances stated above.

Required Exercise. Notwithstanding any other provision of this ----------------- Agreement, if the BankCorporation's capital falls below the minimum requirements as determined by the primary federal or state regulator of the Corporation or the Bank Corporation (the "Regulator"), the Regulator may direct the Corporation to require the Warrant Holder to exercise or forfeit his or her Warrant. The Corporation will notify the Warrant Holder within 45 days from the date the Regulator notifies the Corporation in writing that the Warrant Holder must exercise or forfeit his or her Warrant. The Corporation will cancel this Warrant if it is not exercised within 21 days of the Corporation's notification to the Warrant Holder. The Corporation agrees to comply with any Regulator's request that the Corporation invoke its right to require the Warrant Holder to exercise or forfeit his or her Warrant under the circumstances stated above.

Required Exercise. Notwithstanding any other provision of this ----------------- Agreement, if the Bank's capital falls below the minimum requirements as determined by the primary federal or state regulator of the Corporation or the Bank (the "Regulator"), the Regulator may direct the Corporation to require the Warrant Holder to exercise or forfeit his or her Warrant. The Corporation will notify the Warrant Holder within 45 days from the date the Regulator notifies the Corporation in writing that the Warrant Holder must exercise or forfeit his or her Warrant. The Corporation will cancel this the Warrant if it is not exercised within 21 days of the Corporation's notification to the Warrant Holder. The Corporation agrees to comply with any Regulator's request that the Corporation invoke its right to require the Warrant Holder to exercise or forfeit his or her Warrant under the circumstances stated above.