Common use of Banking Relationships Clause in Contracts

Banking Relationships. Notwithstanding any other terms and provisions of this Agreement, including Section 6, the Stockholder further covenants and agrees that (i) from the date hereof and through the Effective Date of the Subsidiary Bank Merger, he or she will use best efforts to maintain and continue with Franklin Community Bank such banking relationships (e.g., lending, deposit or other accounts) that the Stockholder (or affiliates thereof) currently maintains with MainStreet and Franklin Community Bank, in form and substance substantially the same as currently maintained; and (ii) after the Subsidiary Bank Merger and until the one (1) year anniversary of the Subsidiary Bank Merger, he or she will use best efforts to maintain and continue with American and American National Bank such banking relationships that the Stockholder (or affiliates thereof) maintained with MainStreet and Franklin Community Bank prior to the Subsidiary Bank Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Mainstreet Bankshares Inc), Merger Agreement (American National Bankshares Inc.), Affiliate Agreement (American National Bankshares Inc.)

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Banking Relationships. Notwithstanding any other terms and provisions of this Agreement, including Section 6, the Stockholder Shareholder further covenants and agrees that (i) from the date hereof and through the Effective Date Time of the Subsidiary Bank Merger, he or she will use best efforts to maintain and continue with Franklin Community HomeTown Bank such banking relationships (e.g., lending, deposit or other accounts) that the Stockholder Shareholder (or affiliates thereof) currently maintains with MainStreet HomeTown and Franklin Community HomeTown Bank, in form and substance substantially the same as currently maintained; and (ii) after the Subsidiary Bank Merger and until the one (1) year anniversary of the Subsidiary Bank Merger, he or she will use best efforts to maintain and continue with American and American National Bank such banking relationships that the Stockholder Shareholder (or affiliates thereof) maintained with MainStreet HomeTown and Franklin Community HomeTown Bank prior to the Subsidiary Bank Merger.

Appears in 2 contracts

Samples: Merger Agreement (American National Bankshares Inc.), Merger Agreement (HomeTown Bankshares Corp)

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