Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 Liens, 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 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 4 contracts
Samples: Agreement and Plan of Merger (Bank of Commerce Holdings), Agreement and Plan of Merger (Bank of Commerce Holdings), Agreement and Plan of Merger (Columbia Banking System, Inc.)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 Liens, 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 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 4 contracts
Samples: Agreement and Plan of Merger (West Coast Bancorp /New/Or/), Agreement and Plan of Merger (Columbia Banking System Inc), Agreement and Plan of Merger (Hilltop Holdings Inc.)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 LiensLien, except to the extent that 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 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 3 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Triumph Bancorp, Inc.), Agreement and Plan of Merger (Encore Bancshares Inc)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 LiensLien, except to the extent that such securities are pledged in the ordinary course of business consistent with prudent business past practices to secure obligations of the Company or any of its Subsidiaries and except for such defects in title or Liens that would not be material to the Company and its Subsidiaries, taken as a whole. Such securities are valued on the books of the Company and each of its Subsidiaries in accordance with GAAP.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Southside Bancshares Inc), Agreement and Plan of Merger (Southside Bancshares Inc), Agreement and Plan of Merger (OmniAmerican Bancorp, Inc.)
Investment Securities. (a) Each of Company and the Company and its Subsidiaries has good and valid 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 LiensLien, except to the extent that 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 Company Subsidiary and except for such defects in title or Liens that would not be material to Company and the Company and its Subsidiaries. Such securities are valued on the books of Company and the Company and its Subsidiaries in accordance with GAAP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (MidWestOne Financial Group, Inc.), Agreement and Plan of Merger (First Western Financial Inc)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 LiensLien, except to the extent that 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 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 2 contracts
Samples: Agreement and Plan of Merger (First Pactrust Bancorp Inc), Agreement and Plan of Merger (First Pactrust Bancorp Inc)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 LiensLien, 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 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 2 contracts
Samples: Agreement and Plan of Merger (National Bank Holdings Corp), Agreement and Plan of Merger (Banc of California, Inc.)
Investment Securities. (ai) Each of the Company and its the Company Subsidiaries has good and valid 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 LiensLien, except to the extent that 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 the Company Subsidiaries and except for such defects in title or Liens that would not be material to the Company and its the Company Subsidiaries. Such securities are valued on the books of the Company and its the Company Subsidiaries in accordance with GAAP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Mission Community Bancorp), Voting and Support Agreement (Heritage Oaks Bancorp)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 Liens, 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 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 2 contracts
Samples: Agreement and Plan of Merger (Intermountain Community Bancorp), Agreement and Plan of Merger (Columbia Banking System Inc)
Investment Securities. (a) Each of the Company and its Subsidiaries has good and valid 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 LiensLien, except to the extent that 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 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 1 contract
Samples: Agreement and Plan of Merger (First California Financial Group, Inc.)
Investment Securities. (a) Each of the Company and its Subsidiaries subsidiaries has good and valid 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 Lienslien, except to the extent such securities are pledged in the ordinary course claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of business consistent with prudent business practices to secure obligations of the Company or any of its Subsidiaries and kind, except for such defects in title or Liens 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: Cascade Bancorp (Cascade Bancorp)
