Common use of Regulated Activities Clause in Contracts

Regulated Activities. Borrower shall not itself, nor shall it cause, permit or allow Bank or any other Subsidiary of Borrower to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Borrower, Bank and/or such other Subsidiary or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices.

Appears in 2 contracts

Samples: Form of Subordinated Note Purchase Agreement (Bay Banks of Virginia Inc), Form of Subordinated Note Purchase Agreement (Newbridge Bancorp)

AutoNDA by SimpleDocs

Regulated Activities. Borrower shall not itself, nor shall it cause, permit or allow Bank Banks or any other Subsidiary of Borrower to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Borrower, Bank Banks and/or such other Subsidiary or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices. 5.3.6.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement

Regulated Activities. Borrower shall not itself, nor shall it cause, permit or allow Bank or any other Subsidiary of Borrower to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Borrowerincluding without limitation, the Bank and/or such other Subsidiary Holding Company Act of 1956, as amended, the IBA, the FDI Act and any regulations promulgated thereunder, or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in the ordinary course of business and in accordance with applicable laws and regulations and safe and sound banking practices.

Appears in 1 contract

Samples: Loan and Subordinated Debenture Purchase Agreement (Taylor Capital Group Inc)

Regulated Activities. Borrower shall not itself, nor shall it cause, cause or knowingly permit or allow Bank or any other Subsidiary of Borrower or Bank to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Borrower, Borrower or Bank and/or such other Subsidiary or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Enterprise Bancorp Inc /Ma/)

AutoNDA by SimpleDocs

Regulated Activities. Borrower shall not itself, nor shall it cause, permit or allow Bank or any other Subsidiary of Borrower to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Borrower, Bank and/or such other Subsidiary or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Vantagesouth Bancshares, Inc.)

Regulated Activities. Borrower shall not itself, nor shall it cause, permit or allow Bank Banks or any other Subsidiary of Borrower to (a) engage in any business or activity not permitted by all applicable laws and regulations, except where such business or activity would not reasonably be expected to have a Material Adverse Effect on Borrower, Bank Banks and/or such other Subsidiary or (b) make any loan or advance secured by the capital stock of another bank or depository institution, or acquire the capital stock, assets or obligations of or any interest in another bank or depository institution, in each case other than in accordance with applicable laws and regulations and safe and sound banking practices.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (First Business Financial Services, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.