Common use of Transaction is Legal and Authorized Clause in Contracts

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 25 contracts

Samples: Subordinated Note Purchase Agreement (Old Point Financial Corp), Subordinated Note Purchase Agreement (Eagle Financial Services Inc), Subordinated Note Purchase Agreement (Coastal Financial Corp)

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Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 22 contracts

Samples: Subordinated Note Purchase Agreement (CapStar Financial Holdings, Inc.), Form of Subordinated Note Purchase Agreement (Veritex Holdings, Inc.), Form of Subordinated Note Purchase Agreement (Southern First Bancshares Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 15 contracts

Samples: Subordinated Note Purchase Agreement (Carolina Trust BancShares, Inc.), Subordinated Note Purchase Agreement (BCB Bancorp Inc), Subordinated Note Purchase Agreement (Wellesley Bancorp, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 10 contracts

Samples: Subordinated Note Purchase Agreement (Bridgewater Bancshares Inc), Form of Subordinated Note Purchase Agreement (Bryn Mawr Bank Corp), Subordinated Note Purchase Agreement (QCR Holdings Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, Amount the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 9 contracts

Samples: Form of Subordinated Note Purchase Agreement (Spirit of Texas Bancshares, Inc.), Subordinated Note Purchase Agreement (Patriot National Bancorp Inc), Subordinated Note Purchase Agreement (Security Federal Corp)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 8 contracts

Samples: Subordinated Note Purchase Agreement (Civista Bancshares, Inc.), Subordinated Note Purchase Agreement (Southside Bancshares Inc), Subordinated Note Purchase Agreement (ISABELLA BANK Corp)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 7 contracts

Samples: Subordinated Note Purchase Agreement (ENB Financial Corp), Subordinated Note Purchase Agreement (First Keystone Corp), Subordinated Note Purchase Agreement (Mercantile Bank Corp)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note Amount, Amount the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 7 contracts

Samples: Subordinated Note Purchase Agreement (Shore Bancshares Inc), Form of Subordinated Note Purchase Agreement (Enterprise Bancorp Inc /Ma/), Subordinated Note Purchase Agreement (Pathfinder Bancorp, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNote, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 5 contracts

Samples: Form of Subordinated Note Purchase Agreement (F&m Bank Corp), Subordinated Note Purchase Agreement (FVCBankcorp, Inc.), Form of Subordinated Note Purchase Agreement (California BanCorp)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution and delivery of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 3 contracts

Samples: Subordinated Note Purchase Agreement (Franklin Financial Network Inc.), Subordinated Note Purchase Agreement (First Bancshares Inc /MS/), Subordinated Note Purchase Agreement (First Bancshares Inc /MS/)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNote, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.), Subordinated Note Purchase Agreement (First Guaranty Bancshares, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.. 4.2.2

Appears in 2 contracts

Samples: Execution Copy Subordinated Note Purchase Agreement (Sound Financial Bancorp, Inc.), Subordinated Note Purchase Agreement (Professional Holding Corp.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.. 

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/), Subordinated Note Purchase Agreement (Franklin Financial Services Corp /Pa/)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.. 4.2.2

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Citizens Community Bancorp Inc.), Subordinated Note Purchase Agreement (Citizens Community Bancorp Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution and delivery of the Transaction Documents and the compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Union Bankshares Inc), Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Guaranty Bancshares Inc /Tx/), Subordinated Note Purchase Agreement (Heritage Commerce Corp)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents Documents, and the compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Financial Institutions Inc), Subordinated Note Purchase Agreement (Financial Institutions Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (FS Bancorp, Inc.), Subordinated Note Purchase Agreement (Eagle Bancorp Montana, Inc.)

Transaction is Legal and Authorized. The Company’s issuance of the Subordinated Notes, the borrowing of the aggregate by Company of the Subordinated Note AmountAmounts, the Company’s execution of the Transaction Documents Documents, and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Howard Bancorp Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Paying Agency Agreement, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Origin Bancorp, Inc.)

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Transaction is Legal and Authorized. The issuance of the Subordinated Notes, pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Eastern Virginia Bankshares Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, pursuant the Indenture, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Equity Bancshares Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution and delivery of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (LINKBANCORP, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Salisbury Bancorp Inc)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, Amounts the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Sterling Bancorp, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Central Pacific Financial Corp)

Transaction is Legal and Authorized. The Company’s issuance of the Subordinated Notes, the borrowing by Company of the aggregate of the Subordinated Note AmountAmounts, the Company’s execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Smartfinancial Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, pursuant to the Indenture, the borrowing of the aggregate of the Purchased Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (WashingtonFirst Bankshares, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and the compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (CB Financial Services, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and the performance by the Company of its obligations under and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Peoples Financial Services Corp.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (County Bancorp, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and the compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (First Us Bancshares, Inc.)

Transaction is Legal and Authorized. The issuance of the Subordinated NotesNotes pursuant to the Indenture, the borrowing of the aggregate of the Subordinated Note AmountAmounts, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Amerant Bancorp Inc.)

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