Common use of Approval by Regulatory Authorities; Disadvantageous Conditions Clause in Contracts

Approval by Regulatory Authorities; Disadvantageous Conditions. (i) The transactions contemplated by this Agreement shall have been approved, to the extent required by law, by the Regulatory Authorities having jurisdiction over such transactions, (ii) no Regulatory Authority shall have withdrawn it approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura to so adversely impact the economic or business benefits of this Agreement to Centura as to render it inadvisable for it to consummate the Merger, (iii) any applicable waiting periods following regulatory approvals shall have expired, and in connection with such approvals, no objections to the Merger shall have been raised; and (iv) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement shall have been procured.

Approval by Regulatory Authorities; Disadvantageous Conditions. (i) The the Merger and other transactions contemplated by described in this Agreement shall have been approved, to the extent required by law, by the FDIC, the FRB, the Commissioner, the Commission, and by all other Regulatory Authorities having jurisdiction over such transactions, ; (ii) no Regulatory Authority shall have objected to or withdrawn it its approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura Mutual or Bancorp to so adversely impact the economic or business benefits of this Agreement to Centura Mutual or Bancorp as to render it inadvisable for it Mutual or Bancorp to consummate the Merger, ; (iii) any applicable the 15-day or 30-day waiting periods period, as applicable, required following regulatory approvals the approval by the FDIC and/or the FRB for review of the transactions described herein by the United States Department of Justice shall have expired, and and, in connection with any such approvalsreview, no objections objection to the Merger shall have been raised; and (iv) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement herein shall have been procured.

Approval by Regulatory Authorities; Disadvantageous Conditions. (i) The Merger and other transactions contemplated by described in this Agreement shall have been approved, to the extent required by law, by the South Carolina Board, the FDIC, the OCC and the FRB, and by all other Regulatory Authorities having jurisdiction over such transactions, ; (ii) no Regulatory Authority shall have objected to or withdrawn it its approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura FCB to so adversely impact the economic or business benefits of this Agreement to Centura FCB as to render it inadvisable for it to consummate the Merger, ; (iii) any applicable the 15-day or 30-day waiting periods period, as applicable, required following regulatory necessary approvals of federal Regulatory Authorities for review of the transactions described herein by the United States Department of Justice shall have expired, and and, in connection with any such approvalsreview, no objections objection to the Merger shall have been raised; and (iv) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement herein shall have been procured.

Approval by Regulatory Authorities; Disadvantageous Conditions. (i) The Merger and other transactions contemplated by described in this Agreement shall have been approved, to the extent required by law, by the Commissioner and the FDIC, and by all other Regulatory Authorities having jurisdiction over such transactions, ; (ii) no Regulatory Authority shall have objected to or withdrawn it its approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura BOC to so adversely impact the economic or business benefits of this Agreement to Centura BOCC and BOC as to substantially reduce the financial value of the Merger to BOCC and BOC considered as one entity and render it inadvisable for it to consummate the Merger, ; (iii) any applicable the 15-day or 30-day waiting periods period, as applicable, required following regulatory necessary approvals by the FDIC for review of the transactions described herein by the United States Department of Justice shall have expired, and and, in connection with any such approvalsreview, no objections objection to the Merger shall have been raised; and (iv) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement herein shall have been procured.

Approval by Regulatory Authorities; Disadvantageous Conditions. (i) The Merger and other transactions contemplated by described in this Agreement shall have been approved, to the extent required by law, by the FDIC, the Commissioner, the Commission, and by all other Regulatory Authorities having jurisdiction over such transactions, ; (ii) no Regulatory Authority shall have objected to or withdrawn it its approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura SSB or BNC to so adversely impact the economic or business benefits of this Agreement to Centura SSB or BNC as to render it inadvisable for it SSB or BNC to consummate the Merger, ; (iii) any applicable the 15-day or 30-day waiting periods period, as applicable, required following regulatory approvals the approval by the FDIC for review of the transactions described herein by the United States Department of Justice shall have expired, and and, in connection with any such approvalsreview, no objections objection to the Merger shall have been raised; and (iv) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement herein shall have been procured.

Approval by Regulatory Authorities; Disadvantageous Conditions. (i) The Merger and other transactions contemplated by described in this Agreement shall have been approved, to the extent required by law, by the South Carolina Board, the FDIC and the FRB, and by all other Regulatory Authorities having jurisdiction over such transactions, ; (ii) no Regulatory Authority shall have objected to or withdrawn it its approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura FCB to so adversely impact the economic or business benefits of this Agreement to Centura FCB as to render it inadvisable for it to consummate the Merger, ; (iii) any applicable the 15-day or 30-day waiting periods period, as applicable, required following regulatory necessary approvals by the FDIC for review of the transactions described herein by the United States Department of Justice shall have expired, and and, in connection with any such approvalsreview, no objections objection to the Merger shall have been raised; and (iv) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement herein shall have been procured.

Approval by Regulatory Authorities; Disadvantageous Conditions. (iI) The Merger and other transactions contemplated by this Agreement described herein (including the Bank Merger) shall have been approved, to the extent required by law, by the FRB, the FDIC, the Administrator, the Commissioner and the Commission, and by all other Regulatory Authorities having jurisdiction over such transactions, (iiII) no Regulatory Authority shall have withdrawn it its approval of such transactions or imposed any condition on such transactions or its approval thereof, which condition is reasonably deemed by Centura BancShares to so adversely impact the economic or business benefits of this Agreement to Centura BancShares as to render it inadvisable for it to consummate the Merger; (III) the 15-day or 30-day waiting period, (iii) any applicable waiting periods as applicable, required following regulatory necessary approvals by the FRB and the FDIC for review of the transactions described herein by the United States Department of Justice shall have expired, and and, in connection with such approvalsreview, no objections objection to the Merger shall have been raised; and (ivIV) all other consents, approvals and permissions, and the satisfaction of all of the requirements prescribed by law or regulation, necessary to the carrying out of the transactions contemplated by this Agreement herein shall have been procured.