Common use of Adverse Actions Clause in Contracts

Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (South Branch Valley Bancorp Inc), Agreement and Plan of Merger (Fed One Bancorp Inc), Agreement and Plan of Merger (United Bankshares Inc/Wv)

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Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- pooling of interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 368(a) of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied satisfied, or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Security Financial Corp /Oh/), Agreement and Plan of Merger (Farmers National Banc Corp /Oh/), Agreement and Plan of Merger (Farmers National Banc Corp /Oh/)

Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- pooling of interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Vectra Banking Corp), Agreement and Plan of Merger (Mason George Bankshares Inc), Agreement and Plan of Merger (Regency Bancorp)

Adverse Actions. (ai) Take Knowingly take any action while knowing that such which would materially adversely affect its ability to consummate the Merger; (ii) knowingly take any action would, or is reasonably likely to, to prevent or impede the Merger from qualifying (i) for "pooling-of- interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (biii) knowingly take any action that is intended or is reasonably likely to result in (iA) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (iiB) any of the conditions to the Merger set forth in Article VII not being satisfied satisfied; or (iiiC) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Interstate Johnson Lane Inc), Agreement and Plan of Merger (Wachovia Corp/ Nc)

Adverse Actions. (a1) Take Knowingly take any action while knowing that such action would, or is would be reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 368(a) of the CodeCode or render either party ineligible for REIT status or constitute a prohibited transaction under the REIT rules; or (b2) knowingly take any action that is intended or is reasonably likely to result in (ix) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (iiy) any of the conditions to the Merger set forth in Article VII not being satisfied satisfied, or (iiiz) a material violation of any provision of this Agreement Agreement, except, in each case, as may be required by applicable law or regulationlaw.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bay Apartment Communities Inc), Agreement and Plan of Merger (Avalon Properties Inc)

Adverse Actions. (ai) Take Notwithstanding anything herein to the contrary, take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; Code or qualifying for pooling-of-interests accounting treatment or (bii) knowingly take any action that is intended or is reasonably likely to result in (iA) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (iiB) any of the conditions to the Merger set forth in Article VII not being satisfied or (iiiC) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 2 contracts

Samples: Stock Option Agreement (Washington Mutual Inc), Agreement and Plan of Merger (Ahmanson H F & Co /De/)

Adverse Actions. (ai) Take Knowingly take any action while knowing that such which would materially adversely affect its ability to consummate the Merger; (i) knowingly take any action would, or is reasonably likely to, to prevent or impede the Merger from qualifying (i) for "pooling-of- interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (bii) knowingly take any action that is intended or is reasonably likely to result in (iA) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (iiB) any of the conditions to the Merger set forth in Article VII not being satisfied or (iiiC) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Interstate Johnson Lane Inc), Agreement and Plan of Merger (Wachovia Corp/ Nc)

Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation; PROVIDED, HOWEVER, that nothing contained herein shall limit the ability of United to exercise its rights under the Stock Option Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fed One Bancorp Inc)

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Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- pooling of interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.; provided, however, that nothing contained herein shall limit the ability of Wachovia to exercise its rights under the Stock Option Agreement. ARTICLE V

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wachovia Corp/ Nc)

Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- of-interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sky Financial Group Inc)

Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Corporate Merger from qualifying (i) for "pooling-of- pooling of interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement Plan being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Corporate Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement Plan except, in each case, as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Agreement and Plan of Mergers (First Union Corp)

Adverse Actions. (a) Take any action while knowing that such action would, or is reasonably likely to, prevent or impede the Merger from qualifying (i) for "pooling-of- pooling of interests" accounting treatment or (ii) as a reorganization within the meaning of Section 368 of the Code; or (b) knowingly take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VII not being satisfied or (iii) a material violation of any provision of this Agreement except, in each case, as may be required by applicable law or regulation.; PROVIDED, HOWEVER, that nothing contained herein shall limit the ability of United to exercise its rights under the Stock Option Agreement. (d)

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Bankshares Inc/Wv)

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