Common use of Subordinated Notes Clause in Contracts

Subordinated Notes. The Subordinated Notes have been duly authorized by Company and when the Global Note representing such Subordinated Notes is executed by Company and completed and authenticated by the Trustee in accordance with, and in the forms contemplated by, the Indenture and issued, delivered to and paid for by the Purchasers as provided in this Agreement, will have been duly issued under the Indenture and will constitute legal, valid and binding obligations of Company, entitled to the benefits of the Indenture, and 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. When executed and delivered, the Global Note representing the Subordinated Notes will be substantially in the form attached as an exhibit to the Indenture.

Appears in 2 contracts

Sources: Subordinated Note Purchase Agreement (County Bancorp, Inc.), Subordinated Note Purchase Agreement (Bridgewater Bancshares Inc)

Subordinated Notes. The Subordinated Notes have been duly authorized by the Company and when the Global Note representing such Subordinated Notes is executed duly executed, by the Company and completed and authenticated by the Trustee in accordance with, and in the forms contemplated by, by the Indenture and issued, delivered to and paid for by the Purchasers as provided in accordance with the terms of this Agreement, will have been duly executed, authenticated, issued and delivered under the Indenture Indenture, and will constitute legal, valid and binding obligations of the Company, entitled to the benefits of the Indenture, and 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. When executed and delivered, the Global Note representing the Subordinated Notes will be substantially in the form forms as attached as an exhibit exhibits to the Indenture.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Horizon Bancorp Inc /In/)

Subordinated Notes. The Subordinated Notes have been duly authorized by the Company and when the Global Note representing such Subordinated Notes is executed by the Company and completed and authenticated by the Trustee in accordance with, and in the forms form contemplated by, by the Indenture and issued, delivered to and paid for by the Purchasers as provided in this accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered under the Indenture Indenture, and will constitute legal, valid and binding obligations of Companythe Company , entitled to the benefits of the Indenture, and 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. When executed and delivered, the Global Note representing the Subordinated Notes will be substantially in the form forms attached as an exhibit exhibits to the Indenture.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Nicolet Bankshares Inc)

Subordinated Notes. The Subordinated Notes have been duly authorized by the Company and when the Global Note representing such Subordinated Notes is executed by the Company and completed and authenticated by the Trustee in accordance with, and in the forms contemplated by, by the Indenture and issuedissued to, delivered to and paid for by the Purchasers as provided in this accordance with the terms of the Agreement, will have been duly executed, issued and delivered by the Company under the Indenture Indenture, and will constitute legal, valid and binding obligations of the Company, entitled to the benefits of the Indenture, and 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. When executed and delivered, the Global Note representing the Subordinated Notes will be substantially in the form forms as attached as an exhibit exhibits to the Indenture.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Financial Institutions Inc)

Subordinated Notes. The Subordinated Notes have been duly authorized by the Company and when the Global Note representing such Subordinated Notes is executed by the Company and completed and authenticated by the Trustee in accordance with, and in the forms form contemplated by, the Indenture and issued, delivered to and paid for by the Purchasers as provided in this accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, under the Indenture and will constitute legal, valid and binding obligations of the Company, entitled to the benefits of the Indenture, and 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. When executed and delivered, the Global Note Note(s) representing the Subordinated Notes will be substantially in the form form(s) attached as an exhibit or exhibits to the Indenture.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (ISABELLA BANK Corp)

Subordinated Notes. The Subordinated Notes have been duly authorized by Company and when the Global Note representing such Subordinated Notes is executed by Company and completed and authenticated by the Trustee in accordance with, and in the forms contemplated by, the Indenture and issued, delivered to and paid for by the Purchasers as provided in this Agreement, will have been duly issued under the Indenture and will constitute legal, valid and binding obligations of Company, entitled to the benefits of the Indenture, and 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. When executed and delivered, the Global Note Notes representing the Subordinated Notes will be substantially in the form forms attached as an exhibit exhibits to the Indenture.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (QCR Holdings Inc)