Common use of Current Reports Clause in Contracts

Current Reports. If the Company accepts this Subscription in whole or in part, for the period commencing on the date of issuance and sale of the Shares to Purchaser and terminating on the earliest to occur of two years thereafter, a Terminating Event or the date neither the Purchaser nor any of its affiliates owns any of the Shares, the Company agrees: (a) to have available "adequate current public information" within the meaning of Rule 144(c); and (b) not to terminate its status as an issuer required to file reports under the Exchange Act. A "TERMINATING EVENT" shall mean a merger, consolidation, reorganization or other transaction approved by the shareholders of the Company or any tender offer to acquire outstanding capital stock including all of the Shares. INDIVIDUAL SIGNATURE PAGE

Appears in 6 contracts

Samples: Stock Subscription Agreement (National Mercantile Bancorp), Stock Subscription Agreement (National Mercantile Bancorp), Stock Subscription Agreement (National Mercantile Bancorp)

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