Bank Acquisition Investment Portfolio Restrictive Covenant
(Pro-Seller)

Summary

These template bank acquisition investment portfolio restrictive covenant clauses provide that the target bank holding company in a bank acquisition agrees not to engage in certain activities with respect to its investment portfolio. This template includes practical guidance and drafting notes. This pro-seller template limits the seller's investments between signing and closing to the ordinary course of business. For the pro-buyer version, see Bank Acquisition Investment Portfolio Restrictive Covenant (Pro-Buyer). For discussion of other acquisition agreement considerations specific to a bank acquisition, see Bank M&A Practice Guide.