Common use of Investment Securities Clause in Contracts

Investment Securities. Each of the Company and its subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiaries. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

Appears in 38 contracts

Samples: Underwriting Agreement (Finwise Bancorp), Underwriting Agreement (Community Heritage Financial, Inc.), Underwriting Agreement (Community Heritage Financial, Inc.)

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Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariesSubsidiaries. Such securities are valued on the books of the Company and its subsidiaries Subsidiaries in accordance with GAAP.

Appears in 13 contracts

Samples: Underwriting Agreement (Merchants Bancorp), Underwriting Agreement (Red River Bancshares Inc), Underwriting Agreement (Red River Bancshares Inc)

Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariesresult in a Material Adverse Effect. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

Appears in 5 contracts

Samples: Sales Agreement (HomeStreet, Inc.), Lakeland Bancorp Inc, Underwriting Agreement (Pacific Premier Bancorp Inc)

Investment Securities. Each of the The Company and each of its subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to not, singly or in the Company and its subsidiaries. Such securities are valued on the books of the Company and its subsidiaries aggregate, result in accordance with GAAPa Material Adverse Effect.

Appears in 5 contracts

Samples: River Valley Bancorp (River Valley Bancorp), Underwriting Agreement (Chemical Financial Corp), Underwriting Agreement (River Valley Bancorp)

Investment Securities. Each of the Company and its subsidiaries the Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries the Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariesthe Subsidiaries. Such securities are valued on the books of the Company and its subsidiaries the Subsidiaries in accordance with GAAP.

Appears in 2 contracts

Samples: Underwriting Agreement (MetroCorp Bancshares, Inc.), Underwriting Agreement (First Defiance Financial Corp)

Investment Securities. Each of the Company and its subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any security interest, mortgage, pledge, lien, claim, charge, option, encumbrance, mortgage, pledge claim or security interest equitable right or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent past business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or lienssecurity interest, claimsmortgage, chargespledge, optionslien, encumbrancescharge, mortgagesencumbrance, pledges claim or security interests equitable right or other restrictions of any kind that would not be material to not, individually or in the Company and its subsidiariesaggregate, result in a Material Adverse Effect. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

Appears in 2 contracts

Samples: Underwriting Agreement (Renasant Corp), Underwriting Agreement (Renasant Corp)

Investment Securities. Each of the Company and its subsidiaries subsidiary has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries subsidiary and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariessubsidiary. Such securities are valued on the books of the Company and its subsidiaries subsidiary in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (Esquire Financial Holdings, Inc.)

Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not reasonably be material expected to the Company and its subsidiariesresult in a Material Adverse Effect. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Southern Missouri Bancorp, Inc.

Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to have a Material Adverse Effect on the Company and its subsidiariesSubsidiaries. Such securities are valued on the books of the Company and its subsidiaries Subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (Savannah Bancorp Inc)

Investment Securities. Each of the Company and its subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material expected to the Company and its subsidiariesresult in a Material Adverse Effect. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (Berkshire Hills Bancorp Inc)

Investment Securities. Each of the Company and its subsidiaries subsidiary has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries subsidiary and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariessubsidiary. Such securities are valued on the books of the Company and its subsidiaries subsidiary in accordance with GAAP.. EXECUTION VERSION

Appears in 1 contract

Samples: Underwriting Agreement (Esquire Financial Holdings, Inc.)

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Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariesSubsidiaries. Such securities are valued on the books of the Company and its subsidiaries Subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (Univest Corp of Pennsylvania)

Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariesSubsidiaries. Such securities are valued on the books of the Company and its subsidiaries Subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (First California Financial Group, Inc.)

Investment Securities. Each of the Company and its subsidiaries Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiarieshave a Material Adverse Effect. Such securities are valued on the books of the Company and its subsidiaries Subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (Tompkins Financial Corp)

Investment Securities. Each of the Company and its subsidiaries Significant Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries Significant Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiariesSignificant Subsidiaries. Such securities are valued on the books of the Company and its subsidiaries Significant Subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (Sterling Bancorp, Inc.)

Investment Securities. Each of the Company and its subsidiaries the Subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries the Subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to not, singly or in the Company and its subsidiariesaggregate, result in a Material Adverse Effect. Such securities are valued on the books of the Company and its subsidiaries the Subsidiaries in accordance with GAAP.

Appears in 1 contract

Samples: Underwriting Agreement (First Bancorp, Inc /ME/)

Investment Securities. Each of the Company and its subsidiaries the Bank has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries the Bank and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiaries. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAPBank.

Appears in 1 contract

Samples: Underwriting Agreement (BayCom Corp)

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