Common use of Breach of Covenant or Agreement Clause in Contracts

Breach of Covenant or Agreement. By either American or MainStreet (provided that the terminating party is not then in breach of any representation or warranty contained in this Agreement under the applicable standard set forth in Section 3.2 or in breach of any covenant or agreement contained in this Agreement) in the event of a material breach by the other party of any covenant or agreement contained in this Agreement which cannot be or has not been cured within thirty (30) days after the giving of written notice to the breaching party of such breach;

Appears in 2 contracts

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

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Breach of Covenant or Agreement. By either American or MainStreet HomeTown (provided that the terminating party is not then in breach of any representation or warranty contained in this Agreement under the applicable standard set forth in Section 3.2 or in breach of any covenant or agreement contained in this Agreement) in the event of a material breach by the other party of any covenant or agreement contained in this Agreement which cannot be or has not been cured within thirty (30) days after the giving of written notice to the breaching party of such breach;

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (HomeTown Bankshares Corp), Agreement and Plan of Reorganization (American National Bankshares Inc.)

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