Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 9 contracts
Samples: Purchase and Assumption Agreement (New Peoples Bankshares Inc), Purchase and Assumption Agreement (Eastern Virginia Bankshares Inc), Purchase and Assumption Agreement (Hopfed Bancorp Inc)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained. The failure to obtain such consent shall not constitute a breach of this Agreement by Seller.
Appears in 6 contracts
Samples: Purchase and Assumption Agreement (Chemung Financial Corp), Purchase and Assumption Agreement (Ecb Bancorp Inc), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order lease or purchase order commitment (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 3 contracts
Samples: Branch Purchase and Assumption Agreement (Crescent Banking Co), Purchase and Assumption Agreement (Union Bankshares Corp), Branch Purchase and Assumption Agreement (Bank Corp of Georgia)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order license or purchase order commitment (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser Buyer or Seller thereunder, then Seller shall list such assignment is hereby made subject claim, contract, license or commitment on Exhibit 7.8 hereto and shall use commercially reasonable efforts to obtain the necessary consent. If such consent cannot be obtained, Seller shall subcontract such contract or approval being obtainedlicense to Buyer, if possible, or retain such contract or license.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (First Defiance Financial Corp), Purchase and Assumption Agreement (Rurban Financial Corp)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of the Purchaser or the Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 2 contracts
Samples: Branch Purchase Agreement (United Community Bancorp), Branch Purchase Agreement (Premier Financial Bancorp Inc)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order license or purchase order commitment (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser Peoples or Seller Advantage thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Camco Financial Corp)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order order, or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller Sellers thereunder, then such assignment is hereby will be made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)
Breaches with Third Parties. If the assignment of any material ---------------------------- claim, contract, license, lease, commitment, sales order or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First South Bancorp Inc /Va/)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller Sellers thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Shares Bancorp Inc)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order license or purchase order commitment (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser Buyer or Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Second Bancorp Inc)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order order, or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser Purchasers or Seller Sellers thereunder, then such assignment is hereby will be made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First United Corp/Md/)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order order, or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser the Buyer or the Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)
Breaches with Third Parties. If the assignment of any material claim, contract, license, lease, commitment, sales order or purchase order (or any material claim or right or any benefit arising thereunder) without the consent of a third party would constitute a breach thereof or materially affect the rights of Purchaser or Seller thereunder, then such assignment is hereby made subject to such consent or approval being obtained. Failure after diligent efforts to obtain such consent or approval shall not constitute a breach of this Agreement.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First National Corp /Va/)
