SBLF Redemption definition

SBLF Redemption has the meaning given to that term in the Preamble.

SBLF Redemption has the meaning set forth in Section 6.15.

Examples of SBLF Redemption in a sentence

• Parent or Acquiror shall make all payments necessary to fund the SBLF Redemption.

• Hopewell Valley and Northfield each shall use their reasonable best efforts to cause or facilitate the SBLF Redemption immediately at or promptly following the Effective Time of the Merger, subject to any formal or informal U.S. Department of the Treasury requirements and the required approval of any Bank Regulator.

• TCB and Provident Bank each shall use their reasonable best efforts to cause or facilitate the SBLF Redemption immediately at or promptly following the Effective Time of the Merger.

• A weak orthogonal system of normal and wrench faults striking east-west are also part of the major structural model.

• Such Target Series C Preferred Stock shall, at the Effective Time, cease to exist, and the certificates for such shares shall be cancelled as promptly as practicable thereafter, and no payment or distribution (other than the amount necessary to accomplish the SBLF Redemption) shall be made in consideration therefor.

• Parent shall pay all filing and other fees paid to the SEC, or with respect to filings with the SEC, in connection with the Merger and costs associated with the SBLF Redemption.

• The method of funding of such SBLF Redemption shall be mutually agreed to by TCB and Provident Bank, subject to any formal or informal Treasury Department requirements and the required approval of any Bank Regulator.

• The method of funding of such SBLF Redemption shall be mutually agreed to by SCB and PPBI, subject to any formal or informal Treasury requirements and the required approval of any Governmental Authorities.

• Finally, we assume that the total value of shares of Parent Common Stock issued at the Effective Time pursuant to the Merger (the “Continuity of Interest Date”) will not be less than 40% of the aggregate of (a) the total Stock Consideration and (b) the total amount of all cash paid (including the Cash Consideration and in the SBLF Redemption but not the cash paid in lieu of the issuance of fractional shares of Parent Common Stock) pursuant to the Agreement (the “Continuity of Interest Test”).

• The method of funding of such SBLF Redemption shall be mutually agreed to by the Company and Parent, subject to any formal or informal requirements of the U.S. Department of the Treasury (the “Treasury”) and the required approval of any Company Regulatory Agency or other Governmental Entity.