Common use of Trust Business Clause in Contracts

Trust Business. Each Seller Entity has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the applicable governing documents and applicable laws and regulations, except for instances of noncompliance that have not had a Seller Material Adverse Effect.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Bank First National Corp), Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (Charter Financial Corp)

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Trust Business. Each Seller Buyer Entity has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the applicable governing documents and applicable laws and regulations, except for instances of noncompliance that have not had a Seller Buyer Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bank First National Corp)

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