Common use of Absence of Adverse Facts Clause in Contracts

Absence of Adverse Facts. There shall have been no determination by ANB in good faith that any fact, event or condition exists or has occurred that, in the judgment of ANB, (a) would have a Material Adverse Effect on, or which may be foreseen to have a Material Adverse Effect on, IRBC or IRBC Bank or the consummation of the transactions provided for in this Agreement, (b) would be of such significance with respect to the business or economic benefits expected to be obtained by ANB pursuant to this Agreement as to render inadvisable the consummation of the transactions pursuant to this Agreement, (c) would be materially adverse to the interests of ANB on a consolidated basis or (d) would render the Merger or the other transactions provided for in this Agreement impractical because of any state of war, national emergency, banking moratorium or general suspension of trading on NASDAQ, the New York Stock Exchange, Inc. or other national securities exchange.

Absence of Adverse Facts. There shall have been no determination by ANB in good faith that any fact, litigation, claim, event or condition exists or has occurred that, in the judgment of ANB, (ai) would have a Material Adverse Effect on, or which may be foreseen to have a Material Adverse Effect on, IRBC FCB or IRBC FCB Bank or the consummation of the transactions provided for in this Agreement, (bii) would be of such significance with respect to the business or economic benefits expected to be obtained by ANB pursuant to this Agreement as to render inadvisable the consummation of the transactions pursuant to this Agreement, (ciii) would be materially adverse to the interests of ANB on a consolidated basis or (div) would render the Merger or the other transactions provided for in this Agreement impractical because of any state of war, national emergency, banking moratorium or general suspension of trading on NASDAQ, the New York Stock Exchange, Inc. or other national securities exchange.

Absence of Adverse Facts. There shall have been no determination by ANB CBF in good faith that any fact, litigation, claim, event or condition exists or has occurred that, in the reasonable judgment of ANBCBF, (ai) would have a Material Adverse Effect on, or which may be foreseen to have a Material Adverse Effect on, IRBC VBI or IRBC VBI Bank or the consummation of the transactions provided for in this Agreement, (bii) would be of such significance with respect to the business or economic benefits expected to be obtained by ANB CBF pursuant to this Agreement as to render inadvisable the consummation of the transactions pursuant to this Agreement, (ciii) would be materially adverse to the interests of ANB CBF on a consolidated basis or (div) would render the Merger or the other transactions provided for in this Agreement impractical because of any state of war, national emergency, banking moratorium or general suspension of trading on NASDAQ, the New York Stock Exchange, Inc. or other national securities exchange.

Absence of Adverse Facts. There shall have been no determination by ANB JBI in good faith that any fact, litigation, claim, event or condition exists or has occurred that, in the reasonable judgment of ANBJBI, (ai) would have a Material Adverse Effect on, or which may be foreseen to have a Material Adverse Effect on, IRBC HBI or IRBC HBI Bank or the consummation of the transactions provided for in this Agreement, (bii) would be of such significance with respect to the business or economic benefits expected to be obtained by ANB JBI pursuant to this Agreement as to render inadvisable the consummation of the transactions pursuant to this Agreement, (ciii) would be materially adverse to the interests of ANB JBI on a consolidated basis or (div) would render the Merger or the other transactions provided for in this Agreement impractical because of any state of war, national emergency, banking moratorium or general suspension of trading on NASDAQ, the New York Stock Exchange, Inc. or other national securities exchange.

Absence of Adverse Facts. There shall have been no determination by ANB TIB in good faith that any fact, event or condition exists or has occurred that, in the judgment of ANBTIB, (a) would have a Material Adverse Effect on, or which may be foreseen to have a Material Adverse Effect on, IRBC or IRBC Bank BANK or the consummation of the transactions provided for in this Agreement, (b) would be of such significance with respect to the business or economic benefits expected to be obtained by ANB TIB pursuant to this Agreement as to render inadvisable the consummation of the transactions pursuant to this Agreement, (c) would be materially adverse to the interests of ANB TIB on a consolidated basis or (d) would render the Merger or the other transactions provided for in this Agreement impractical because of any state of war, national emergency, banking moratorium or general suspension of trading on NASDAQ, the New York Stock Exchange, Inc. or other national securities exchange.