Absence of Control. It is the mutual intent of the parties that (a) Columbia shall not by reason of this Agreement be deemed to control, directly or indirectly, Stewardship or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Stewardship or any of its Subsidiaries and (b) Stewardship shall not by reason of this Agreement be deemed to control, directly or indirectly, Columbia or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Columbia or any of its Subsidiaries.
Appears in 2 contracts
Samples: Bank Merger Agreement (Columbia Financial, Inc.), Bank Merger Agreement (Stewardship Financial Corp)
Absence of Control. It is the mutual intent of the parties that (a) Columbia shall not by reason of this Agreement be deemed to control, directly or indirectly, Stewardship RSI or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Stewardship RSI or any of its the RSI Subsidiaries and (b) Stewardship RSI shall not by reason of this Agreement be deemed to control, directly or indirectly, Columbia or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Columbia or any of its Subsidiaries.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Columbia Financial, Inc.)
Absence of Control. It is the mutual intent of the parties that (a) Columbia shall not by reason of this Agreement be deemed to control, directly or indirectly, Stewardship Roselle or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Stewardship Roselle or any of its Subsidiaries and (b) Stewardship Roselle shall not by reason of this Agreement be deemed to control, directly or indirectly, Columbia or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Columbia or any of its Subsidiaries.
Appears in 1 contract
Absence of Control. It is the mutual intent of the parties that (a) Columbia shall not by reason of this Agreement be deemed to control, directly or indirectly, Stewardship Freehold or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Stewardship Freehold or any of its Subsidiaries and (b) Stewardship Freehold shall not by reason of this Agreement be deemed to control, directly or indirectly, Columbia or any of its Subsidiaries or to exercise, directly or indirectly, a controlling influence over the management or policies of Columbia or any of its Subsidiaries.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Columbia Financial, Inc.)