Common use of Binding Effect; No Third Party Rights Clause in Contracts

Binding Effect; No Third Party Rights. This Agreement shall bind BRBS and FVCB and their respective successors and assigns. Other than Sections 5.9, 5.11 and 5.12 and for the rights of FVCB’s shareholders arising after the Effective Time under Article 2, nothing in this Agreement is intended to confer upon any person, other than the parties hereto or their respective successors, any rights or remedies under or by reason of this Agreement, including the right to rely on the representations and warranties set forth in this Agreement. The representations and warranties in this Agreement are the product of negotiations among the parties hereto and are for the sole benefit of the parties. Any inaccuracies in such representations and warranties are subject to waiver by the parties hereto in accordance herewith without notice or liability to any other person. In some instances, the representations and warranties in this Agreement may represent an allocation among the parties hereto of risks associated with particular matters regardless of the knowledge of any of the parties hereto. Consequently, persons other than the parties may not rely upon the representations and warranties in this Agreement as characterizations of actual facts or circumstances as of the date of this Agreement or as of any other date.

Appears in 2 contracts

Samples: Affiliate Agreement (FVCBankcorp, Inc.), Affiliate Agreement (Blue Ridge Bankshares, Inc.)

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Binding Effect; No Third Party Rights. This Agreement shall bind BRBS VABK and FVCB FBSS and their respective successors and assigns. Other than Sections 5.95.10, 5.11 5.12 and 5.12 5.13 and for the rights of FVCBFBSS’s shareholders arising after the Effective Time under Article 2, nothing in this Agreement is intended to confer upon any person, other than the parties hereto or their respective successors, any rights or remedies under or by reason of this Agreement, including the right to rely on the representations and warranties set forth in this Agreement. The representations and warranties in this Agreement are the product of negotiations among the parties hereto and are for the sole benefit of the parties. Any inaccuracies in such representations and warranties are subject to waiver by the parties hereto in accordance herewith without notice or liability to any other person. In some instances, the representations and warranties in this Agreement may represent an allocation among the parties hereto of risks associated with particular matters regardless of the knowledge of any of the parties hereto. Consequently, persons other than the parties may not rely upon the representations and warranties in this Agreement as characterizations of actual facts or circumstances as of the date of this Agreement or as of any other date.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Virginia National Bankshares Corp)

Binding Effect; No Third Party Rights. This Agreement shall bind BRBS BHRB and FVCB SMMF and their respective successors and assigns. Other than Sections 5.9, 5.11 and 5.12 and for the rights of FVCBSMMF’s shareholders arising after the Effective Time under Article ARTICLE 2, nothing in this Agreement is intended to confer upon any person, other than the parties hereto or their respective successors, any rights or remedies under or by reason of this Agreement, including the right to rely on the representations and warranties set forth in this Agreement. The representations and warranties in this Agreement are the product of negotiations among the parties hereto and are for the sole benefit of the parties. Any inaccuracies in such representations and warranties are subject to waiver by the parties hereto in accordance herewith without notice or liability to any other person. In some instances, the representations and warranties in this Agreement may represent an allocation among the parties hereto of risks associated with particular matters regardless of the knowledge Knowledge of any of the parties hereto. Consequently, persons other than the parties may not rely upon the representations and warranties in this Agreement as characterizations of actual facts or circumstances as of the date of this Agreement or as of any other date.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Summit Financial Group, Inc.)

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Binding Effect; No Third Party Rights. This Agreement shall bind BRBS BHRB and FVCB SMMF and their respective successors and assigns. Other than Sections 5.9, 5.11 and 5.12 and for the rights of FVCBSMMF’s shareholders arising after the Effective Time under Article ARTICLE 2, nothing in this Agreement is intended to confer upon any person, other than the parties hereto or their respective successors, any rights or remedies under or by reason of this Agreement, including the right to rely on the representations and warranties set forth in this Agreement. The representations and warranties in this Agreement are the product of negotiations among the parties hereto and are for the sole benefit of the parties. Any inaccuracies in such representations and warranties are subject to waiver by the parties hereto in accordance herewith without notice or liability to any other person. In some instances, the representations and warranties in this Agreement may represent an allocation among the parties hereto of risks associated with particular matters regardless of the knowledge Knowledge of any of the parties hereto. Consequently, persons other than the parties may not rely upon the representations and warranties in this Agreement as characterizations of actual facts or circumstances as of the date of this Agreement or as of any other date. 8.3.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Burke & Herbert Financial Services Corp.)

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