Common use of Absence of Regulatory Actions Clause in Contracts

Absence of Regulatory Actions. Neither Parent nor any of its subsidiaries is a party to any cease and desist order, written agreement or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any order or directive by, or is a recipient of any extraordinary supervisory letter from, or has adopted any board resolutions at the request of Government Regulators nor has it been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, directive, written agreement, memorandum of understanding, extraordinary supervisory letter, commitment letter, board resolutions or similar undertaking.

Appears in 6 contracts

Samples: Stock Option Agreement (Citizens Banking Corp), Agreement and Plan of Merger (F&m Bancorporation Inc), Agreement and Plan of Merger (F&m Bancorporation Inc)

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Absence of Regulatory Actions. Neither Parent Monarch nor any of its subsidiaries Subsidiaries is a party to any cease and desist order, written agreement or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any order or directive by, or is a recipient of any extraordinary supervisory letter from, or has adopted any board resolutions at the request of of, Government Regulators nor has it been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, directive, written agreement, memorandum of understanding, extraordinary supervisory letter, commitment letter, board resolutions or similar undertaking.

Appears in 1 contract

Samples: Agreement and Plan of Merger (California Commercial Bankshares)

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Absence of Regulatory Actions. Neither Parent Monarch nor any of its subsidiaries Subsidiaries is a party to any cease and desist order, written agreement or memorandum of understanding with, or a party to any commitment letter or similar undertaking to, or is subject to any order or directive by, or is a recipient of any extraordinary supervisory letter from, or has adopted any board resolutions at the request of of, Government Regulators nor has it been advised by any Government Regulator that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, directive, written agreement, memorandum of understanding, extraordinary supervisory letter, commitment letter, board resolutions or similar undertaking.. (m)

Appears in 1 contract

Samples: Agreement and Plan of Merger (Monarch Bancorp)

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