Common use of Business in Ordinary Course Clause in Contracts

Business in Ordinary Course. Other than as contemplated by this Plan of Merger, conducted its business other than in the ordinary course, or incurred or become subject to any liability or obligation, except liabilities incurred in the ordinary course of business, and except for any single liability that does not exceed $50,000 or for the aggregate of any group of related liabilities that do not exceed $100,000.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (O a K Financial Corp), Agreement and Plan of Merger (Old Kent Financial Corp /Mi/)

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Business in Ordinary Course. Other than as contemplated by this Plan of Merger, conducted its business other than in the ordinary course, or incurred or become subject to any liability or obligation, except liabilities incurred in the ordinary course of business, and except for any single liability that does not exceed $50,000 175,000 or for the aggregate of any group of related liabilities that do not exceed $100,000350,000.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chemical Financial Corp)

Business in Ordinary Course. Other than as contemplated by this Plan of Merger, conducted its business other than in the ordinary course, or incurred or become subject to any liability or obligation, except liabilities incurred in the ordinary course of business, and except for any single liability that does not exceed $50,000 or for the aggregate of any group of related liabilities that do not exceed $100,000.. 36

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chemical Financial Corp)

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Business in Ordinary Course. Other than as contemplated by this Plan of Merger, or except as contained in the Keystone Disclosure Statement, conducted its business other than in the ordinary course, or incurred or become subject to any liability or obligation, except liabilities incurred in the ordinary course of business, and except for any single liability that does not exceed $50,000 25,000 or for the aggregate of any group of related liabilities that do not exceed $100,00050,000.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Firstbank Corp)

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