Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the Facility, the execution of this Agreement and the other Transaction Document and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document to which Borrower is a party have been duly authorized, executed and delivered, and, assuming due authorization, execution and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, enforceable in accordance with their terms.
Appears in 3 contracts
Samples: Subordinated Note Purchase Agreement (Enterprise Bancorp Inc /Ma/), Subordinated Note Purchase Agreement (People's United Financial, Inc.), Subordinated Note Purchase Agreement (LSB Corp)
Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the Facility, the execution of this Agreement and the other Transaction Document Documents and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document Documents are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document Documents to which Borrower is a party have been duly authorized, executed and delivereddelivered by Borrower, and, assuming due authorization, execution and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms.
Appears in 2 contracts
Samples: Subordinated Debenture Purchase Agreement (Ucbh Holdings Inc), Subordinated Debenture Purchase Agreement (Park National Corp /Oh/)
Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the Facility, the execution of this Agreement and the other Transaction Document Documents and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document Documents are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document Documents to which Borrower is a party have been duly authorized, executed and delivered, and, assuming due authorization, execution and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, enforceable in accordance with their terms.
Appears in 2 contracts
Samples: Subordinated Note Purchase Agreement (Sterling Bancshares Inc), Subordinated Note Purchase Agreement (East West Bancorp Inc)
Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the Facility, the execution of this Agreement and the other Transaction Document Documents, and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document Documents are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document Documents to which Borrower is a party have been duly authorized, executed and delivereddelivered by Borrower, and, assuming due authorization, execution and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, enforceable in accordance with their terms.
Appears in 1 contract
Samples: Subordinated Debenture Purchase Agreement (Independent Bank Corp)
Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the FacilityLoan, the execution of this Agreement and the other Transaction Document Documents and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document Documents are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document Documents to which Borrower is a party have been duly authorized, executed and delivereddelivered by Borrower, and, assuming due authorization, execution and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms.
Appears in 1 contract
Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the FacilityLoan, the execution of this Agreement and the other Transaction Document Documents and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document Documents are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document Documents to which Borrower is a party have been duly authorized, executed and delivered, and, assuming due authorization, execution delivered by Borrower and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms.
Appears in 1 contract
Transaction is Legal and Authorized. The issuance of the Subordinated Debt, the borrowing of the principal amount of the FacilityLoan, the execution of this Agreement and the other Transaction Document Documents and compliance by Borrower with all of the provisions of this Agreement and of the other Transaction Document Documents are within the corporate and other powers of Borrower. This Agreement and the other Transaction Document Documents to which Borrower is a party have been duly authorized, executed and delivereddelivered by Borrower, and, assuming due authorization, execution and delivery by the other parties thereto, are the legal, valid and binding obligations of Borrower, Borrower enforceable in accordance with their respective terms.
Appears in 1 contract
