SFNB definition

SFNB has the full corporate power and authority to own and operate its properties and assets, to carry on its business as currently conducted, to execute and deliver this Agreement, and, subject to the conditions specified herein, to carry out and perform its obligations under the terms of this Agreement. SFNB has furnished to Purchaser a true and complete copy of SFNB's federal stock charter, as currently in effect, and a true and complete copy of SFNB's bylaws, as currently in effect, in both cases, certified by its corporate secretary.
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Examples of SFNB in a sentence

  • Safety Fund shall cause SFNB to execute and deliver the Bank Merger Agreement as soon as practicable following Buyer's request therefor.

  • SFNB is a national banking association organized under the National Bank Act.

  • Nine directors of SFNB to be designated by Buyer after consultation with Safety Fund shall continue to be directors of the Surviving Bank following the Effective Time, each to hold office in accordance with the Charter and By-Laws of the Surviving Bank.

  • Safety Fund and the Safety Fund Subsidiaries shall have obtained any and all material permits, authorizations, consents, waivers, clearances or approvals required for the lawful consummation of the Merger by Safety Fund, the lawful consummation of the BHC Merger by the Surviving Corporation, and the lawful consummation of the Bank Merger by SFNB, the failure to obtain which would have a Material Adverse Effect on Safety Fund and the Safety Fund Subsidiaries, taken as a whole.

  • Buyer agrees that, the continuing directors of SFNB will be kept in place for at least three years subject to regulatory considerations, safe and sound banking practices, and the fiduciary duties of Buyer's directors.

  • Safety Fund shall, and shall cause SFNB to, execute all other documents and take all actions as may be necessary or desirable for consummation of the BHC Merger and the Bank Merger, as described in the recitals hereto.

  • SFNB has all requisite corporate power and authority to enter into and to deliver this Agreement.

  • This Agreement, when executed and delivered by SFNB, shall constitute a valid and binding obligation of SFNB enforceable in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws effecting the enforcement of creditor's rights.

  • All personal property of SFNB is in good operating condition and repair and is suitable and adequate for the uses for which it is intended or is being used.

  • Neither SFNB nor any subsidiary thereof has received any notice of any material alleged or threatened claim, violation, or liability under any such laws that has not heretofore been cured and for which there is no remaining liability.

Related to SFNB

  • SBI means State Bank of India (Client) having its Corporate Centre at Madame Cama Road, Nariman Point, Mumbai- 400 021 and its representative Local Head Offices/Administrative Offices/Regional Business Offices/Branches at various places across India and includes the client’s representatives, successors and assigns.

  • PubCo has the meaning set forth in the Preamble.

  • MergerSub has the meaning set forth in the preamble hereto.

  • CBI means Central Bureau of Investigation

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.