Common use of Affirmative Covenants of Target Clause in Contracts

Affirmative Covenants of Target. Unless the prior written consent ------------------------------- of PURCHASER shall have been obtained, and except as otherwise contemplated herein, TARGET shall, and shall cause each of its Subsidiaries: (a) to operate its business in the usual, regular, and ordinary course; (b) to preserve intact its business organization and Assets and maintain its rights and franchises; (c) to use its reasonable efforts to cause its representations and warranties to be correct at all times; and (d) to take no action which would (i) adversely affect the ability of any Party to obtain any Consents required for the transactions contemplated hereby without imposition of a condition or restriction of the type referred to in the second sentence of Section 8.1(b) of this Agreement or (ii) adversely affect in any material respect the ability of either Party to perform its covenants and agreements under this Agreement.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Abc Bancorp), Agreement and Plan of Merger (Abc Bancorp), Employment Agreement (Abc Bancorp)

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Affirmative Covenants of Target. Unless the prior written consent ------------------------------- of PURCHASER Purchaser shall have been obtained, and except as otherwise contemplated herein, TARGET shall, Target shall and shall cause each of its SubsidiariesTarget Subsidiary to: (a) to operate its business in the usual, regular, and ordinary course; (b) to preserve intact its business organization and Assets and maintain its rights and franchises; (c) to use its reasonable efforts to cause its representations and warranties set forth in this Agreement to be correct at all times; and (d) to take no action which would (i) adversely affect the ability of any Party to obtain any Consents required for the transactions contemplated hereby without imposition of a condition or restriction of the type referred to in the second sentence of Section 8.1(b) of this Agreement or (ii) adversely affect in any material Material respect the ability of either Party to perform its covenants and agreements under this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First National Banc Inc), Agreement and Plan of Merger (Abc Bancorp)

Affirmative Covenants of Target. Unless the prior written ------------------------------- consent ------------------------------- of PURCHASER shall have been obtained, and except as otherwise contemplated herein, TARGET shall, shall and shall cause each of its SubsidiariesTARGET Subsidiary to: (a) to operate its business in the usual, regular, and ordinary course; (b) to preserve intact its business organization and Assets and maintain its rights and franchises; (c) to use its reasonable efforts to cause its representations and warranties to be correct at all times; and (d) to take no action which would (i) adversely affect the ability of any Party to obtain any Consents required for the transactions contemplated hereby without imposition of a condition or restriction of the type referred to in the second sentence of Section 8.1(b) of this Agreement or (ii) adversely affect in any material respect the ability of either Party to perform its covenants and agreements under this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Abc Bancorp), Agreement and Plan of Merger (Golden Isles Financial Holdings Inc)

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Affirmative Covenants of Target. Unless the prior written ------------------------------- consent ------------------------------- of PURCHASER Purchaser shall have been obtained, and except as otherwise contemplated herein, TARGET shall, Target shall and shall cause each of its SubsidiariesTarget Bank to: (a) to operate its business in the usual, regular, and ordinary course; (b) to preserve intact its business organization and Assets and maintain its rights and franchises; (c) to use its reasonable efforts to cause its representations and warranties set forth in this Agreement to be correct at all times; and (d) to take no action which would (i) adversely affect the ability of any Party to obtain any Consents required for the transactions contemplated hereby without imposition of a condition or restriction of the type referred to in the second sentence of Section 8.1(b) of this Agreement or (ii) adversely affect in any material Material respect the ability of either Party to perform its covenants and agreements under this Agreement.

Appears in 1 contract

Samples: Plan of Merger and Merger Agreement (Islands Bancorp)

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