Common use of Absence of Control Clause in Contracts

Absence of Control. It is the mutual intent of the Parties that (a) Company shall not by reason of this Agreement be deemed to control, directly or indirectly, Target or any its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Target or any of its Subsidiaries, and (b) Target shall not by reason of this Agreement be deemed to control, directly or indirectly, Company or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Company or any of its Subsidiaries.

Appears in 2 contracts

Samples: Merger Agreement (Reliant Bancorp, Inc.), Merger Agreement (United Community Banks Inc)

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Absence of Control. It is the mutual intent of the Parties that (a) Company BancShares shall not by reason of this Agreement be deemed to control, directly or indirectly, Target the Company or any its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Target the Company or any of its Subsidiaries, Subsidiaries and (b) Target the Company shall not by reason of this Agreement be deemed to control, directly or indirectly, Company BancShares or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Company BancShares or any of its Subsidiaries.

Appears in 2 contracts

Samples: Merger Agreement (Entegra Financial Corp.), Merger Agreement (First Citizens Bancshares Inc /De/)

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Absence of Control. It is the mutual intent of the Parties that (a) Company Reliant shall not by reason of this Agreement be deemed to control, directly or indirectly, Target the Company or any its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Target the Company or any of its Subsidiaries, Subsidiaries and (b) Target the Company shall not by reason of this Agreement be deemed to control, directly or indirectly, Company Reliant or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Company Reliant or any of its Subsidiaries.

Appears in 1 contract

Samples: Merger Agreement (Reliant Bancorp, Inc.)

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