Common use of Shareholder Litigation Clause in Contracts

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Patriot National Bancorp Inc), Securities Purchase Agreement (Patriot National Bancorp Inc), Securities Purchase Agreement (Northpointe Bancshares Inc)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Transaction DocumentsOther Securities Purchase Agreements. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Cascade Bancorp), Securities Purchase Agreement (Cascade Bancorp), Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Purchasers ▇▇▇▇▇▇▇▇▇ of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Purchaser and keep the Purchasers Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 4 contracts

Sources: Stock Purchase Agreement (CoastalSouth Bancshares, Inc.), Stock Purchase Agreement (CoastalSouth Bancshares, Inc.), Stock Purchase Agreement (CoastalSouth Bancshares, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documentshereby. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 3 contracts

Sources: Share Purchase Agreement (Singapore Technologies Telemedia Pte LTD), Share Purchase Agreement (CyrusOne Inc.), Share Purchase Agreement (GDS Holdings LTD)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation, except to the extent that any such disclosures would violate or breach the Company’s attorney-client privilege.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Summit Financial Group Inc), Securities Purchase Agreement (MBT Financial Corp), Securities Purchase Agreement (MBT Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Bancorp 34, Inc.), Securities Purchase Agreement (Castle Creek Capital Partners VI, LP), Securities Purchase Agreement (Pathfinder Bancorp, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investors of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the OCC Agreement or the transactions contemplated hereby or by the Transaction DocumentsOther Securities Purchase Agreements. The Company shall consult with the Purchasers Investors and keep the Purchasers Investors informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Brown Bernard A), Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Stock Purchase Agreement (CoastalSouth Bancshares, Inc.), Stock Purchase Agreement (CoastalSouth Bancshares, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the other Transaction Documents. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Mackinac Financial Corp /Mi/), Securities Purchase Agreement (Mackinac Financial Corp /Mi/)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Intermountain Community Bancorp), Securities Purchase Agreement (Intermountain Community Bancorp)

Shareholder Litigation. The Company shall promptly inform the Purchasers Purchaser of any Proceeding (“Shareholder Litigation”) actual or threatened Action against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated Company Subsidiary by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents(“Shareholder Litigation”). The Company shall consult with the Purchasers Purchaser and keep the Purchasers Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Investment Agreement (T-Viii Pubopps Lp), Investment Agreement (TriState Capital Holdings, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding ("Shareholder Litigation") against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the OCC Agreement or the transactions contemplated hereby or by the Transaction DocumentsOther Securities Purchase Agreements. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investors of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding ("Shareholder Litigation") against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the OCC Agreement or the transactions contemplated hereby or by the Transaction DocumentsOther Securities Purchase Agreements. The Company shall consult with the Purchasers Investors and keep the Purchasers Investors informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Shareholder Litigation. The Company shall promptly inform the Purchasers Purchaser of any claim, action, suit, arbitration, mediation, demand, hearing, investigation or Proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Purchaser and keep the Purchasers Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Amarillo Biosciences Inc), Securities Purchase Agreement (Porter Bancorp, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Eastern Virginia Bankshares Inc), Securities Purchase Agreement (Eastern Virginia Bankshares Inc)

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any Subsidiary of its Subsidiaries the Company or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions transaction contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (GBank Financial Holdings Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder stockholder of the Company in connection with or relating to the Order, the Public Offering or the transactions contemplated hereby or by the Transaction DocumentsOther Securities Purchase Agreement. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries the Bank or any of the their respective past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions transaction contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (OP Bancorp)

Shareholder Litigation. The Company shall promptly inform the Purchasers Purchaser of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Purchaser and keep the Purchasers Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Tri-County Financial Group, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investors of any Proceeding material claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documentshereby. The Company shall consult with the Purchasers Investors and keep the Purchasers Investors reasonably informed of all material filings and developments relating to any such Shareholder Litigation, except to the extent that any such disclosures would violate or breach the Company’s attorney-client privilege.

Appears in 1 contract

Sources: Investment Agreement (Third Coast Bancshares, Inc.)

Shareholder Litigation. The Company shall promptly inform the Purchasers Purchaser of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding ("Shareholder Litigation") against the Company, any Subsidiary of its Subsidiaries the Company or any of the past or present executive officers or directors of the Company or any of its Subsidiaries that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Purchaser and keep the Purchasers Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Trinity Capital Corp)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries the Bank or any of the past or present executive officers or directors of the Company or any of its Subsidiaries the Bank that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (United Community Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the Order or the transactions contemplated hereby or by the Transaction DocumentsOther Securities Purchase Agreements. The Company shall consult with the Purchasers and keep the Purchasers Investors informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Purchasers Purchaser of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Purchaser and keep the Purchasers Purchaser informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (HCSB Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documentshereby. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Castle Creek Capital Partners V, LP)

Shareholder Litigation. The Company shall promptly inform the Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers and keep the Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Riverview Financial Corp)

Shareholder Litigation. The Company shall promptly inform the Purchasers Investor of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Company Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Company Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder stockholder of the Company in connection with or relating to the Order, the Public Offering or the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Purchasers Investor and keep the Purchasers Investor informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cascade Bancorp)

Shareholder Litigation. The Company shall promptly inform the Qualified Purchasers of any Proceeding claim, action, suit, arbitration, mediation, demand, hearing, investigation or proceeding (“Shareholder Litigation”) against the Company, any of its Subsidiaries Subsidiary or any of the past or present executive officers or directors of the Company or any of its Subsidiaries Subsidiary that is threatened in writing or initiated by or on behalf of any shareholder of the Company in connection with or relating to the transactions contemplated hereby or by the Transaction Documents. The Company shall consult with the Qualified Purchasers and keep the Qualified Purchasers informed of all material filings and developments relating to any such Shareholder Litigation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Southern States Bancshares, Inc.)