Common use of Subordinated Bank Notes Clause in Contracts

Subordinated Bank Notes. Notwithstanding the foregoing, this Note may not be redeemed without the prior written consent of the Office of the Comptroller of the Currency of the United States (the "OCC") unless the Bank shall remain an "eligible bank", as defined in 12 C.F.R. § 5.3(g) (or any successor regulation thereto), after payment of the Notes pursuant to such redemption.] If so indicated on the face hereof, and in accordance with the terms specified thereon, this Note will be subject to redemption through operation of a sinking fund.

Subordinated Bank Notes. Notwithstanding the foregoing, this Note may not be redeemed without the prior written consent of the Office of the Comptroller of the Currency of the United States (the "OCC") unless the Bank shall remain an "eligible bank", as defined in 12 C.F.R. § §5.3(g) (or any successor regulation thereto), ) after payment of the Notes pursuant to such redemption.] If so indicated on the face hereof, and in accordance with the terms specified thereon, this Note will be subject to redemption through operation of a sinking fund.