Additional Accruals and Reserves. Immediately prior to the Closing, TexStar shall establish such additional accruals and reserves as may be necessary: (i) to conform TexStar's accounting and credit loss reserve practices and methods to those of Surety Bank and Surety Bank's plans with respect to the conduct of TexStar's business following the Merger and, (ii) to the extent permitted by generally accepted accounting principles, to provide for the costs and expenses relating to the consummation by TexStar of the Merger and the other transactions contemplated by this Agreement.
Additional Accruals and Reserves. Section 5.21. Disclosure Schedules Section 5.22. Estoppel Certificates Section 5.23. Obligations Related to Trust Preferred Securities
Additional Accruals and Reserves. PCCI shall establish such additional accruals and reserves as may be necessary to conform PCCI’s accounting and credit loss reserve practices and methods to those of PCBC and PCBC’s plans with respect to the conduct of PCCI’s business following the Merger and to provide for the costs and expenses relating to the consummation by PCCI of the Merger and the other transactions contemplated by this Agreement; provided, however, that no such additional accruals or reserves (a) need be made prior to the Measurement Date or prior to the satisfaction of the conditions set forth in Article VIII or (b) need be included in the calculation of Adjusted Shareholders’ Equity pursuant to Section 8.11 of this Agreement; provided further, however, that PCBC acknowledges that the establishment of such accruals and reserves and provision for such costs and expenses (a) shall not be deemed to cause the PCCI Financial Statements to have been prepared other than in accordance with GAAP, (b) shall not constitute or result in a Material Adverse Change with respect to PCCI, and (c) shall not constitute a breach of any provision of this Agreement by PCCI.
Additional Accruals and Reserves. At Acquiror’s request, the Company will cause the Bank to establish such additional accruals and reserves as may be necessary to conform the Bank’s accounting and credit loss reserve practices and methods to those of Acquiror and Acquiror’s plans with respect to the conduct of the Bank’s business after the Merger; provided that no such additional accruals or reserves will impact the calculation of Adjusted Tangible Equity as contemplated under Section 8.15; and provided further, that Acquiror acknowledges that establishing such accruals and reserves and provision for such costs and expenses will not (a) be deemed to cause the Company Financial Statements to have been prepared other than in accordance with GAAP, (b) constitute or result in a Material Adverse Effect with respect to the Company, or (c) constitute a breach of any provision of this Agreement by the Company.
Additional Accruals and Reserves. Upon mutual agreement of Seller and Purchaser, Seller will cause the Bank to establish such additional accruals and reserves as may be necessary to conform the Bank’s accounting and credit loss reserve practices and methods to those of Purchaser and Purchaser’s plans with respect to the conduct of the Bank’s business after the Contemplated Transactions; provided that Purchaser acknowledges that establishing such accruals and reserves and provision for such costs and expenses will not (a) be deemed to cause the Bank Financial Statements to have been prepared other than in accordance with GAAP, (b) constitute or result in a Material Adverse Effect with respect to Seller, or (c) constitute a breach of any provision of this Agreement by Seller.
