Subordinated Note. The Subordinated Note has been duly authorized by Company and when executed by Company and issued, delivered to and paid for by Purchaser in accordance with the terms of the Agreement, will have been duly executed, issued and delivered, and will constitute legal, valid and binding obligations of Company, enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.
Appears in 4 contracts
Samples: Form of Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.), Form of Subordinated Note Purchase Agreement (F&m Bank Corp), Subordinated Note Purchase Agreement (FVCBankcorp, Inc.)
Subordinated Note. The Subordinated Note has been duly authorized by Company and when executed by Company and issued, delivered to and paid for by the Purchaser in accordance with the terms of the Agreement, will have been duly executed, issued and delivered, and will constitute legal, valid and binding obligations of Company, enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Delmar Bancorp)
Subordinated Note. The Subordinated Note has been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchaser in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, delivered and will constitute the legal, valid and binding obligations obligation of Company, and enforceable in accordance with their its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.)
Subordinated Note. The Subordinated Note has been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchaser in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, delivered and will constitute the legal, valid and binding obligations obligation of Company, and enforceable in accordance with their its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ ' rights generally or by general equitable principles.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.)
