Affirmative Operating Covenants. Seller shall use its best efforts to (a) cause the Deposits to be equal to or greater than the Deposit Balance, (b) preserve the goodwill of customers and others doing business with the Branch and (c) cause the Employees (as defined in Section 9.2) to continue their employment with Purchaser on and after the Closing Date.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Sound Financial, Inc.), Purchase and Assumption Agreement (Sound Financial, Inc.)
Affirmative Operating Covenants. Seller shall use its best commercially reasonable efforts to (ai) cause the Deposits to be equal to or greater than the Deposit Balance, (bii) preserve the goodwill of customers and others doing business with the Branch Branches and (ciii) cause the Employees (as defined in Section 9.2) to continue their employment with Purchaser on and after the Closing Date.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Heritage Financial Group), Purchase and Assumption Agreement (Pab Bankshares Inc)
Affirmative Operating Covenants. Seller shall use its best efforts to (ai) cause the Deposits to be equal to or greater than the Deposit Balance, (bii) preserve the goodwill of customers and others doing business with the Branch and (ciii) cause the Employees (as defined in Section 9.2) to continue their employment with Purchaser on and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Heritage Financial Group)
Affirmative Operating Covenants. Seller shall use its best commercially reasonable efforts to (ai) cause the Deposits to be equal to or greater than the Deposit Balance, (bii) preserve the goodwill of customers and others doing business with the Branch and (ciii) cause the Employees (as defined in Section 9.2) to continue their employment with Purchaser on and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc)
Affirmative Operating Covenants. Seller shall use its exercise their respective best efforts to (ai) cause the Deposits to be equal to or greater than the Deposit Balance, (bii) preserve the goodwill of customers and others doing business with the Branch and (ciii) cause the Employees (as defined in Section 9.2) to continue their employment with Purchaser on and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Beacon Federal Bancorp, Inc.)
