Common use of Subordinated Notes Clause in Contracts

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States Bancshares, Inc., an Alabama corporation (the “Company”), designated as the “7.00% Fixed-to-Floating Rate Subordinated Notes due 2032” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 and initially issued on October 26, 2022. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26, 2022, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A., as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States Bancshares, Inc., an Alabama corporation (the “Company”), designated as the “7.003.50% Fixed-to-Floating Rate Subordinated Notes due 2032” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 48,000,000 and initially issued on October 26February 7, 2022. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26February 7, 2022, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A., as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States The First Bancshares, Inc., an Alabama a Mississippi corporation (the “Company”), designated as the “7.004.25% Fixed-to-Fixed to Floating Rate Subordinated Notes due 20322030” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 65 million and initially issued on October 26September 25, 20222020. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26September 25, 20222020, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.U.S. Bank National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States BancsharesNicolet Bankshares, Inc., an Alabama a Wisconsin corporation (the “Company”), designated as the “7.003.125% Fixed-to-Fixed to Floating Rate Subordinated Notes due 20322031” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 100.0 million and initially issued on October 26July 7, 20222021. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26July 7, 20222021, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.U.S. Bank National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States BancsharesEnterprise Bancorp, Inc., an Alabama a Massachusetts corporation (the “Company”), designated as the “7.005.25% Fixed-to-Fixed to Floating Rate Subordinated Notes due 20322030” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 60,000,000 and initially issued on October 26July 7, 20222020. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26July 7, 20222020, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States First Bancshares, Inc., an Alabama a South Carolina corporation (the “Company”), designated as the “7.004.75% Fixed-to-Floating Rate Subordinated Notes due 20322029” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 23,000,000 and initially issued on October 26September 30, 20222019. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26September 30, 20222019, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States BancsharesMeridian Corporation, Inc., an Alabama a Pennsylvania corporation (the “Company”), designated as the “7.005.375% Fixed-to-Floating Rate Subordinated Notes due 20322029” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 and initially issued on October 26December 18, 20222019. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26December 18, 20222019, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.U.S. Bank National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States BancsharesInvestar Holding Corporation, Inc., an Alabama a Louisiana corporation and registered financial holding company (the “Company”), designated as the “7.005.125% Fixed-to-Floating Rate Subordinated Notes due 2032” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 20.0 million and initially issued on October 26April [6], 2022. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26April [6], 2022, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States BancsharesSouth Plains Financial, Inc., an Alabama a Texas corporation (the “Company”), designated as the “7.004.50% Fixed-to-Fixed to Floating Rate Subordinated Notes due 20322030” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 50,000,000 and initially issued on October 26September 29, 20222020. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26September 29, 20222020, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.

Subordinated Notes. This Subordinated Note is one of a duly authorized issue of notes of Southern States BancsharesNicolet Bankshares, Inc., an Alabama a Wisconsin corporation (the “Company”), designated as the “7.003.125 % Fixed-to-Fixed to Floating Rate Subordinated Notes due 20322031” (the “Subordinated Notes”) in an aggregate principal amount of $40,000,000 100.0 million and initially issued on October 26July 7, 20222021. The Company has issued this Subordinated Note under that certain Indenture dated as of October 26July 7, 20222021, as the same may be amended or supplemented from time to time (“Indenture”), between the Company and UMB Bank, N.A.U.S. Bank National Association, as Trustee (the “Trustee”). All capitalized terms not otherwise defined in this Subordinated Note will have the meanings assigned to them in the Indenture. The terms of this Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). This Subordinated Note is subject to all such terms, and the Holder (as defined below) is referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Subordinated Note irreconcilably conflicts with the express provisions of the Indenture, the provisions of the Indenture will govern and be controlling.