Common use of Approvals of Regulatory Authorities Clause in Contracts

Approvals of Regulatory Authorities. Procurement by KNBT and NPB of all requisite approvals and consents of Regulatory Authorities and the expiration of the statutory waiting period or periods relating thereto for the Contemplated Transactions; and no such approval or consent shall have imposed any non-customary condition or requirement which would so materially and adversely impact the economic or business benefits to KNBT or NPB of the Contemplated Transactions that, had such condition or requirement been known, such party would not, in its reasonable judgment, have entered into this Agreement.

Approvals of Regulatory Authorities. Procurement by NPB and KNBT and NPB of all requisite approvals and consents of Regulatory Authorities and the expiration of the statutory waiting period or periods relating thereto for the Contemplated Transactions; and no such approval or consent shall have imposed any non-customary condition or requirement which would so materially and adversely impact the economic or business benefits to NPB or KNBT or NPB of the Contemplated Transactions that, had such condition or requirement been known, such party would not, in its reasonable judgment, have entered into this Agreement.