Common use of Adverse Actions Clause in Contracts

Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, in either case, except as may be required by applicable law or regulation.

Appears in 3 contracts

Samples: Merger Agreement (Commercial Capital Bancorp Inc), Merger Agreement (Slippery Rock Financial Corp), Merger Agreement (Hawthorne Financial Corp)

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Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, except, in either each case, except as may be required by applicable law or regulation.

Appears in 2 contracts

Samples: Merger Agreement (Banknorth Group Inc/Me), Merger Agreement (Banknorth Group Inc/Me)

Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, in either case, except as may be required by applicable law or regulation.

Appears in 2 contracts

Samples: Merger Agreement (Commercial Capital Bancorp Inc), Merger Agreement (Hawthorne Financial Corp)

Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement, the Bank Merger Agreement or the Bank Merger AgreementStock Option Agreement except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (Banknorth Group Inc/Me)

Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code Code, or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (First National Lincoln Corp /Me/)

Adverse Actions. (i) Take any action that would, or is ----------------- reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (American Financial Holdings Inc)

Adverse Actions. (iA) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (iiB) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII VIII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger AgreementAgreement except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (Abington Bancorp Inc)

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Adverse Actions. (i) Take any action that would, or is ---------------- reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (American Financial Holdings Inc)

Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or Agreement, the Bank Merger AgreementAgreements or the Stock Option Agreement except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (Banknorth Group Inc/Me)

Adverse Actions. (i1) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code Code, or (ii2) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII VIII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger AgreementAgreement except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (Abington Bancorp Inc)

Adverse Actions. (i) Take any action that would, or is reasonably likely to, prevent or impede the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code or (ii) take any action that is intended or is reasonably likely to result in (x) 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, (y) any of the conditions to the Merger set forth in Article VII not being satisfied or (z) a material violation of any provision of this Agreement or the Bank Merger Agreement, except, in either each case, except as may be required by applicable law or regulation.

Appears in 1 contract

Samples: Merger Agreement (First National Lincoln Corp /Me/)

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